Wednesday, January 6, 2010

KingCast and NAACP both allege continued racism at Citibank, NAACP issues failing grades and sues, NAACP v. Ameriquest et al., 635 F. Supp. 2d 1096.

Back story: As one can read in the thumbnails, in 2007 the NAACP gave Citibank poor marks on everything racial except Community Reinvestment Act work, but on further review the NAACP -- the Nation's Oldest Civil Rights Organization (of which I proudly served as Southern NH Legal Chair) -- says they have apparently failed on that as well. Get your popcorn ready for NAACP v. Ameriquest Mortg. Co., Citigroup et al., 635 F. Supp. 2d 1096 (2009), Motion to Dismiss Second Amended Complaint DENIED.

(March 11, 2008) The NAACP and lead counsel Brian Kabateck filed papers Friday, March 7, that will fast track their federal class action lawsuit against Washington Mutual, Citi, GMAC and 15 other mortgage firms who systematically steered African American borrowers into predatory loans.
"The victims in this case had the same credit, the same income and the same qualifications as the lenders' other customers. The only difference was the color of their skin. That's why they were stuck with abusive loans," said Kabateck, Managing Partner of Kabateck Brown Kellner, LLP.

"Quickly resolving this case is essential for victims who have ruined credit and who are losing their homes. This isn't just about justice for the victims. This case is about making sure that this kind of discrimination is stamped out for good," said NAACP General Counsel Angela Ciccolo.

What this proves of course inter alia, is that Discrimination need not take place all at the same time, as alleged by Morgan Lewis Partner Sam Shaulson in my case of racial discrimination where they refused to open a bank account for me but opened one for my Caucasian girlfriend. Citibank may well be the sleaziest banking operation in the World: Almost every multinational banking scam involves Citibank. I've been listing Enron, Ohio, California, Mexico, Russia and some of the others here.

See generally the Bah, humbug post from this morning about these money-laundering, student-huckstering, TARP-abusing folks that call themselves Citigroup, Citimortgage and Citibank.


No comments:

Post a Comment