Round these parts, we try (and often fail) to be bi-partisan, after all, both Dems and Republicans are up to their ears in Citibank money. So we thought this anti-Obama “news” piece from the Daily Caller merited attention. According to this article, Citibank is the innocent victim of low income minorities and a bullying Obama, who “‘led” the class action suit that apparently started the financial crisis:
“The Daily Caller obtained the previously unpublished records for all of Barack Obama’s clients in the 1995 lawsuit “Buycks-Roberson v. Citibank Fed. Sav. Bank.” Obama was named as the lead attorney for two of the three named plaintiffs in the case.
TheDC verified the real estate history of all clients using public databases provided by the Cook County Recorder of Deeds, the Cook County Assessor’s Office, the Illinois bankruptcy court, the federal court system and Zillow, a real estate firm.
These documents are “proof of claim” records for more than 100 of the class-action plaintiffs based in or near Chicago. The paperwork shows their assertion that Citibank had denied them mortgages, an outcome they believed was related to their race.”
Read more: http://dailycaller.com/2012/09/03/documents-plaintiffs-in-1995-obama-led-citibank-lawsuit-submitted-class-action-claims/#ixzz25WyWrfH8
Well, one problem with this is that it ignores tha fact that the suit didn’t say anything about reducing lending requirements, as its whole premise was that Citibank was not lending to black applicants who had the same credit qualifications as white applicants. But, details, feh! Tucker Carlson just wants you to know THE TRUTH! Oh, and there’s this:
“According to the Caller, Obama’s participation in the lawsuit makes him “a pioneering contributor to the national subprime real estate bubble” and part of a movement that “contributed greatly to a housing bubble that burst in 2007, crashed the nation’s economy in 2008.” But both their discussion of his role in the case and their analysis of its result are deeply flawed.
Despite its flaws, the Caller piece has already been promoted by Fox News. Caller editor in chief Tucker Carlson appeared on Fox & Friends yesterday to discuss the piece and claimed that Obama “was the lead plaintiff on some of these cases,” adding that the lawsuit is “significant” because it is “at the heart of the 2007-2008 economic meltdown.”
Throughout its 5,000 word lead story and multiple side pieces, the Caller repeatedly inflates Obama’s role in the lawsuit. In the lead piece, Neil Munro reports that Obama “helmed” the lawsuit as “the lead plaintiff’s attorney.” While he writes that Obama’s “role was limited,” he also claims that it was “his lawsuit” and that Obama “sought public credit for the lawsuit: His employer submitted a docket to the court that listed him as the lead attorney for two of the three named plaintiffs in the case.” Three other Caller stories refer to Obama as the “lead attorney” or “lead counsel” for the plaintiffs.
The sole basis the Caller articles cite for this claim is the case docket. That document lists Fay Clayton as “LEAD ATTORNEY” and lists her first among the attorneys representing plaintiff Selma S Buycks-Roberson. It then provides a list of attorneys for Buycks-Roberson listed alphabetically by first name; “Barack H. Obama” is listed first. That list of attorneys includes Judson Hirsch Miner, who was a name partner at Obama’s firm; at the time, Obama was an associate.”
Read the rest if you’re into pesky details.