Chicago Daily Observer

Think that CRA, the Community Reinvestment Act, helped lower mortgage lending standards, which in turn led to the so-called- mortgage crisis, the credit crisis, and the dramatic fall in the housing market subsequent to all those foreclosures? Do you believe that threatening lenders with high cost legal action, such as class action lawsuits, in order to force them to abandon their credit standards and get them to extend loans to those “victims” of society whose credit stinks is at least partially responsible for today’s mortgage/credit mess?

Well, you’re right.

And you can blame a class action lawsuit entitled Buycks-Roberson v. Citibank Fed Savings Bank (94 C 4094 ( N.D. Ill. ), and a young Davis-Miner attorney named Barack Hussein Obama.

Worth noting is the fact that Citibank FSB was forced by the settlement agreement to do a substantially increased volume of sub-prime mortgages since the credit of the ... Read More...

Five weeks ago, one of our regulars here at SAB took note of a Michelle Malkin piece on ACORN’s nefarious “voter registration” activities, here. Included was the fact that the Obama campaign had been forced to correct its filings with the FEC regarding payments made from “advance work” to “get-out-the-vote” work instead. ACORN, which claims to be non-partisan and a non-profit, was paid over $800,000 by the Obama campaign, through its front group, Citizens Services, Inc. for that so-called “advance work.” Obviously, the documentation supporting that “advance work” claim by Obama was fraudulent.

According to its website,

ACORN is a non-profit, non-partisan social justice organization with national headquarters in New York, New Orleans and Washington, D.C. To maintain independence, ACORN does not accept government funding and is not tax exempt.

A specific, month by month account of money paid by the Obama ... Read More...