Obama a Real Contributor to Subprime Loan Failures

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.

via The Daily Caller.

Kudos to The Daily Caller for putting together this incredibly well researched piece about Obama being one of the lawyers who sued Citibank to make sub-prime loans.

That this story is being written in 2012 and not 2008, and by a small independent website and not by any of the major media outlets is a complete indictment of our entire media system.

I can remember when I stopped watching The Daily Show.  It was shortly before the 2008 election and Michelle Obama was the guest.  After she comes out, the first question John Stewart asks is something like, “Tell us something we don’t know about you?” and the crowed goes wild.  It was an sardonic arrow aimed at those who were screaming to anyone who would listen, ‘What do we really know about these people?’

The truth Mr. Stewart, is we knew very little about these people.  We still know very little about these people.  It’s a same that the media didn’t do its job 4 years ago and any time since.  So because you ignored your responsibilities for the last 4 years someone has now produced some facts showing how:

  • Obama sued Citibank forcing it to make bad, sub-prime loans;
  • Many of those loans failed, including nearly half of those plaintiffs in the Obama case;
  • The sub-prime loan failures led to the collapse of the entire mortgage system causing the greatest economic crisis since the great depression.

Mr. Obama help create the problem he inherited.

That is what the press should be reporting.

Benghazi Attack Organizer Mocks Obama

Five weeks after an assault on the US consulate in Benghazi left Ambassador Chris Stevens and three other Americans dead, the reaction from Washington has been anything but fruitful. No elected official has yet to reveal with certainty who led the attack, and both the White House and the US State Department have at times offered entirely different explanations for the assumed motives of the assailants.  …

Mr. Obama stated, “…  I wasn’t confused about the fact that we have to hunt down whoever did it and bring them to justice. As I said during the debate, nobody is more interested in figuring this out than I am.”Even if Mr. Obama’s insistence regarding his investment in the attack is genuine, journalists with both the New York Times and Reuters may have already done a better job than all of the government agencies combined. At the same time Pres. Obama endorsed a thorough investigation into the attack, articles published by major media outlets had already accomplished as much.

On Thursday, the Times published an interview alleged to have recently occurred between one of their reporters and Ahmed Abu Khattala, described to the paper by both witnesses and Libyan authorities as a ring-leader of the September 11, 2012 assault.

When Pres. Obama told Stewart that he is still very serious about hunting down any persons with a part in the attack, the Times had already conducted a sit-down with the suspected terrorist at a “crowded luxury hotel” in Benghazi, where the paper described Khattala as nonplussed and anything but concerned about repercussions from the White House. The Libyan national Army assumingly in cahoots with the Obama administration was a “chicken,” Khattala said, and US politicians were “playing with the emotions of the American people” and “using the consulate attack just to gather votes for their elections.”

“Suspect in Libya Attack, in Plain Sight, Scoffs at U.S.,” the Times headline reads.

via RT.

This situation reminds me of when O.J. Simpson went out looking for the real killer.  He checked several golf courses throughout Florida and couldn’t find anything.

The real question is why this story has not been picked-up by the MSM, a/k/a the Ministry of Truth?  No word of this on NBC, CBS, even Fox.  What gives?

The president is clear not really all that focused on bringing this guy to justice.  That’s pretty sad.