Yahoo Answers is shutting down on May 4th, 2021 (Eastern Time) and beginning April 20th, 2021 (Eastern Time) the Yahoo Answers website will be in read-only mode. There will be no changes to other Yahoo properties or services, or your Yahoo account. You can find more information about the Yahoo Answers shutdown and how to download your data on this help page.
Trending News
How does Obama and ACORN relate to the economic crisis?
http://michellemalkin.com/2008/06/25/the-acorn-oba...
Obama Was Part Of Team Of Lawyers Who Represented ACORN In A Suit Against The State Of Illinois. "Obama was part of a team of attorneys who represented the Association of Community Organizations for Reform Now (ACORN) in a lawsuit against the state of Illinois in 1995 for failing to implement a federal law designed to make it easier for the poor and others to register as voters." (Mike Robinson, "Obama Got Start In Civil Rights Practice," The Associated Press, 2/20/07
http://www.marketwatch.com/news/story/rnc-obama--a...
Which led to housing legislation to "make housing affordable for all"
Too bad all these people that received the mortgages from ACORN could never pay them within months to a year.
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
Obama, Barack H. (Illinois)
FH-IL-0011-7500 | FH-IL-0011-7501 | FH-IL-0011-9000
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
Wickert, John Henry (Illinois)
FH-IL-0011-9000
It's racist because these people can't afford their mortgages, NICE!
That, Obama started the whole "affordable" housing deal with ACORN.
This spread to the Carter and Clinton administration and resulted in what we have today.
I love the fact filled arguments the democrats are posing!!
5 Answers
- Anonymous1 decade agoFavorite Answer
$1 million is NOTHING compare to Enron and Halliburton.
- 8 years ago
It has nothing to do with the housing bubble, the financial crisis and the Great Recession!
- Anonymous1 decade ago
IT DOESNT. The scum bag republicans are trying to distract people from the fact that they dont know how to do anything
- How do you think about the answers? You can sign in to vote the answer.
- Anonymous1 decade ago
and your point is?