Obama Sued Citibank To Force Them To Make Bad Loans
Via the Powerline Forum
Let’s see Obama try and worm his way out of this one.
Case Name
Buycks-Roberson v. Citibank Fed. Sav. Bank Fair Housing/Lending/InsuranceDocket / Court 94 C 4094 ( N.D. Ill. ) FH-IL-0011
State/Territory Illinois
Case Summary
Plaintiffs filed their class action lawsuit on July 6, 1994, alleging that Citibank had engaged in redlining practices in the Chicago metropolitan area in violation of the Equal Credit Opportunity Act (ECOA), 15 U.S.C. 1691; the Fair Housing Act, 42 U.S.C. 3601-3619; the Thirteenth Amendment to the U.S. Constitution; and 42 U.S.C. 1981, 1982. Plaintiffs alleged that the Defendant-bank rejected loan applications of minority applicants while approving loan applications filed by white applicants with similar financial characteristics and credit histories. Plaintiffs sought injunctive relief, actual damages, and punitive damages.
U.S. District Court Judge Ruben Castillo certified the Plaintiffs’ suit as a class action on June 30, 1995. Buycks-Roberson v. Citibank Fed. Sav. Bank, 162 F.R.D. 322 (N.D. Ill. 1995). Also on June 30, Judge Castillo granted Plaintiffs’ motion to compel discovery of a sample of Defendant-bank’s loan application files. Buycks-Roberson v. Citibank Fed. Sav. Bank, 162 F.R.D. 338 (N.D. Ill. 1995).
The parties voluntarily dismissed the case on May 12, 1998, pursuant to a settlement agreement.
Plaintiff’s Lawyers
Alexis, Hilary I. (Illinois)
FH-IL-0011-7500 | FH-IL-0011-7501 | FH-IL-0011-9000
Childers, Michael Allen (Illinois)
FH-IL-0011-7500 | FH-IL-0011-7501 | FH-IL-0011-9000
Clayton, Fay (Illinois)
FH-IL-0011-7500 | FH-IL-0011-7501 | FH-IL-0011-9000
Cummings, Jeffrey Irvine (Illinois)
FH-IL-0011-7500 | FH-IL-0011-7501 | FH-IL-0011-9000
Love, Sara Norris (Virginia)
FH-IL-0011-9000
Miner, Judson Hirsch (Illinois)
FH-IL-0011-7500 | FH-IL-0011-9000
Obama, Barack H. (Illinois)
FH-IL-0011-7500 | FH-IL-0011-7501 | FH-IL-0011-9000
Wickert, John Henry (Illinois)
FH-IL-0011-9000
October 9th, 2008 at 2:03 pm
Heard this on Rush Limbaugh. When will this hit the air waves? I have posted all over Politico, but the people blogging are relatively stupid. Get it out ther please! Obama’s new slogan: Screw Ameircans first!!
December 24th, 2008 at 11:38 pm
Great tips, thanks!
March 29th, 2009 at 8:23 pm
This is important news, but it needs to be tied directly to ACORN. The Democratic Socialists spin doctors are working overtime with this one. Obama will take a hit for this one but it will be far from crippling. Don’t get me wrong I am not a fan of forced acceptance of Hegel’s philosophical dialectic, but the Obama media will never air this story. If they do air the story it will have David Axelrod’s major spin on it.
What is needed it substantial evidence which ties Obama to the SI, PES, and Chicago DSA. There are direct ties there to Howard Dean, John Podesta, Bernie Sanders and a host of others who were planning with SI and the PES and were later working with Obama. If anyone could get copies of the documents from the meetings with the PES in 2007, and 2008, there is most likely plenty of meat there to prove a solid conspiracy against the US. The events that took place including the fuel prices and the market fall, are all to nicely tied together to be coincidental. The timing of the events is to precise not to have been planned.
This article proves He is not concerned about the financial well being of Americas. What attorney in his right mind would sue knowing the clients that were represented would eventually experience financial failure?
April 29th, 2011 at 10:24 am
This is not important news….
The basis of the case is that the minority applicants were no more risky if not less-so than their white counterparts, but were denied loans anyway. In an effort, I’m sure, to keep the blocks as white as possible. Their case was good enough to be settled upon- so they must’ve had some evidence of this. This has nothing at all to do with risky loans. Minority doesn’t mean risky automatically folks, in fact it is that exact thinking that ultimately resulted in this suit.
I know it’s fun to pretend that banks were just FORCED to gamble all our money away like a drunken slot jockey…. But no- they simply gambled all of our money away like said slot jockey and had just as much fun doing it. Because we all took the hit, while they enjoyed the rewards. Man, if only Vegas worked like that!
But don’t worry, there’s plenty of straws out there…. Keep clutchin’!