Originally Posted by cabo35

Obama successfully sued Citbank in 1994 for not giving risky mortgages to minorities. What role has risky mortgages played in the current crisis?

This is just the tip of the iceberg regarding Obama's legal and political commitment and efforts to expand homeownership through subprime, risky loans. Democrats and some Republicans fought Bush and McCain efforts in 2003 and 2005 to pull back the throttle on these loans through regulatory legislation....and were handsomely rewarded with generous campaign contributions. Obama was one of the most highly rewarded.

Obama represented Calvin Roberson in a 1994 lawsuit against Citibank, charging the bank systematically denied mortgages to African-American applicants and others from minority neighborhoods.

http://www.suntimes.com/news/politic...-law17.article