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Obama: Giving loans to people that cant afford them A good Idea!

Obamas own word about how giving loans out to people that cant afford it is a good idea..
Case Name
Buycks-Roberson v. Citibank Fed. Sav. Bank Fair Housing/Lending/Insurance
Docket / Court 94 C 4094 ( N.D. Ill. ) FH-IL-0011
State/Territory IllinoisCase 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

Added: Aug-23-2011 Occurred On: Aug-23-2011
By: Dat1111
Tags: Obama, housing crash, lawyer, ACORN, prostitution, scandal, scam, Sub-prime loans, fannie-may, Freddie mac, Bad loans, Forced loans, Government interference, Disaster
Location: United States (load item map)
Views: 11229 | Comments: 35 | Votes: 2 | Favorites: 2 | Shared: 411 | Updates: 0 | Times used in channels: 2
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