Friday, October 3, 2008

My thoughts on the economy, pt. 2

So, I already sent this out as an e-mail to some, but I guess it's okay that I'm re-posting my own thoughts...


It was 1994. Dial-up modems were a ticket to the world. Forrest Gump was in theaters. And in Illinois, Buycks-Roberson v. Citibank Fed. Sav. Bank Fair Housing/Lending/Insurance was being filed.

Who-and-the-what now? A class action lawsuit against Citibank for refusing to issue home loans to people who the bank deemed would never be able to pay them back. The suit claimed “redlining” these people was discriminatory, surely the people being excluded from buying a home were disproportionately minorities, and so Citibank should be made to either give these loans or be punished financially.

Who was the attorney on the class action representing those low-income appliers the bank insisted shouldn’t be given mortgages?

Barack H. Obama.

Yay community organizing!

No comments: