More sub-prime mortgage lending required of small banks in St. Louis by Midwest BankCentre by Obama’s Justice Department.
Sub-prime mortgage loans played a prominent place in the financial melt-down. Requiring banks to make loans to persons who lacked credit to repay the loans started under Clinton/ Reno and continues today under Obama/ Holder. Now the Obama’s Justice department requires small banks to make risky loans.
Keep a close eye on Obama’s Assistant Attorney General Thomas E. Perez with the Civil Rights’s Division. By his words and actions Obama/ Perez show no understanding that ” Justice cannot be for one side alone but must be for both…” (Eleanor Roosevelt).
Supported in his confirmation by Republicans Tony O’Donnell and John Kane, Thomas E. Perez has zealously pursued Obama’s lopsided form of justice: Assist. AG Perez refused to prosecute Black Panthers wielding baseball bats outside polling places. Assist. AG Perez opposes the Arizona immigration law.
Latest Obama/Perez lopsided justice: Obama’s Justice Department mandates MORE sub prime loans to minorities in St Louis. This is more of Obama’s policy to “level the playing field”. DrCameronJackson@gmail.com
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from Conservative Underground
A Renewed Crackdown on Redlining
by Clea Benson, 5 May 2011
Community activists in St. Louis [targeted] Midwest BankCentre, a small bank that has been operating in St. Louisâ€
“We are using every tool in our arsenal to combat lending discrimination,†Thomas E. Perez, the assistant attorney general for the Civil Rights Div., told a conference of community development associates….
To some banks the crackdown has come as a surprise…. Like Midwest BankCentre, some lenders are being cited for failing to operate in minority and low-income census tracts near their branches, even when they have never done business there before.
Midwest BankCentre Chairman Ronald T. Barnes recently announced the bank would open a branch in Pagedale, a town near St. Louis that is predominantly [97%] African American.
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“Perez is playing a leading role in the Justice Departmentâ€
Two prominent members of governor Bob Ehrlichâ€
Alert voters, however, will ask what role Mr. Oâ€
Mr. Oâ€
As Byron York explains – –
“Heading the Civil Rights Division is the opportunity of a lifetime for Perez. A former aide to the late Sen. Ted Kennedy, he was an activist and later a councilman in Montgomery County, Md., where he made a name for himself pushing in-state tuition and driversâ€
Nor has Mr. Oâ€
Conservatives might also want to ask Maryland Republican delegates why they have not held their leader Mr. Oâ€