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Barack Obama pushed banks to give subprime loans to Chicago’s African-Americans

Discussion in 'Political Debate & Discussion' started by Revmitchell, Sep 3, 2012.

  1. Revmitchell

    Revmitchell Well-Known Member

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    President Barack Obama was a pioneering contributor to the national subprime real estate bubble, and roughly half of the 186 African-American clients in his landmark 1995 mortgage discrimination lawsuit against Citibank have since gone bankrupt or received foreclosure notices.

    As few as 19 of those 186 clients still own homes with clean credit ratings, following a decade in which Obama and other progressives pushed banks to provide mortgages to poor African Americans.

    Read more: http://dailycaller.com/2012/09/03/w...-to-chicagos-african-americans/#ixzz25NtsSSbn
     
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