wordpress ^ | September 3, 2012 | Dan from Squirrel Hill
The Daily Caller reports:
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.
The startling failure rate among Obama’s private sector clients was discovered during The Daily Caller’s review of previously unpublished court information from the lawsuit that a young Obama helmed as the lead plaintiff’s attorney.
In case you ever wondered what Barack Obama did as a “community organizer,” now you know. He forced banks to give mortgages to people who could not afford to pay them back – and the results were exactly what anyone with a brain would predict.
Either Obama was too dumb to predict that these mortgages would end in disaster – or he was smart enough to know what would happen, but pushed for the mortgages anyway. Either way, his actions prove that is not fit to be in any kind of position of power.
-
Free Government ^ | 1997 | Sraff Free government assisted cell phone programs have become more popular, in part, due to the poor economy ...
-
The Dems went down to Georgia They was looking for a seat to steal They were in a bind, 'cause they were way behind They were willing t...
