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Proof Obama Sued Citibank over Sub-Prime Lending?

post #1 of 7
Thread Starter 
Can anyone show me the documents that prove Obama sued Citibank or any other bank over not issuing enough sub-prime loans?

Thanks,

Spec
post #2 of 7
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 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



that's all I can find, no real "documents"
post #3 of 7
That looks more like a racial discrimination case. Did you find the outcome of that hearing?
post #4 of 7
Take a look at this link and watch the video

http://www.mediacircus.com/2008/10/o...ake-bad-loans/
post #5 of 7
Quote:
Originally Posted by Cataldo View Post
That looks more like a racial discrimination case. Did you find the outcome of that hearing?
That's what they wanted it to look like.
post #6 of 7
Thread Starter 
Quote:
Originally Posted by westman View Post
Take a look at this link and watch the video

http://www.mediacircus.com/2008/10/o...ake-bad-loans/
Yep. Found that the other day. Too bad the Obama followers don't read that.

Best,

Spec
post #7 of 7
Quote:
Originally Posted by westman View Post
Take a look at this link and watch the video

http://www.mediacircus.com/2008/10/o...ake-bad-loans/
Wow, ok that wasn't biased. Sorry, I like the fact that there is organizations out there that help out poor people. And I think the CRA is a good thing, along with the Civil Rights Act, and Disabilities Act, etc...

And as much as Faux news wants to blame the CRA for the present mess, the numbers for CRA qualified transactions are not there.

http://www.businessweek.com/investin...ity_reinv.html

and here is another good paper;

http://www.bis.org/publ/work259.pdf?noframes=1
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