President Obama had a big hand in promoting the subprime real estate bubble with a discrimination lawsuit - to the detriment of his clients, according to the Daily Caller.
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.
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Posted by: REO Properties for Sale | September 30, 2012 at 11:25 PM
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Posted by: Aleksi Somervuori | December 03, 2012 at 10:19 PM