Obama’s early Chicago rise brought African-Americans foreclosures, bankruptcies
[DailyCaller.com]
Published: 12:09 AM 06/11/2012 – By Neil Munro
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CHICAGO, IL – MAY 16: A Chicago police officer guards a Citibank branch from protestors demonstrating against home foreclosures May 16, 2012 in Chicago, Illinois. This was the third day of protests in what is expected to be a full week of demonstrations as the city prepares to host the NATO Summit May 20-21. (Photo by Scott Olson/Getty Images)
President Barack Obama wants his 2012 re-election campaign to focus on Gov. Mitt Romney’s private-sector record, but his own private-sector history shows that he promoted and profited from the nation’s disastrous real-estate bubble.
One striking example comes from the president’s 1995 housing-discrimination class action lawsuit: It provided him with legal fees, greased his political donations and boosted his role in Chicago politics.
While he made personal gains, his lead African-American client, Selma Buycks-Roberson, declared bankruptcy in 2001 — and again in 2008 as she received a home foreclosure notice, according to unpublicized federal and city records obtained by The Daily Caller.
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