Cities Sue Subprime Lenders for Racial Profiling


	Cities Sue Subprime Lenders for Racial Profiling

dulios

1-17-2008 2:15 PM

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/1e748db1-a7f8-44da-b180-94966e5c04a4/CCB53332-7681-4558-B31C-9025FF30EA38/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.boston.com/business/globe/articles/2008/01/12/citys_suit_says_lenders_create_public_nuisance/" href="http://www.boston.com/business/globe/articles/2008/01/12/citys_suit_says_lenders_create_public_nuisance/" style="font-size: 11px;">www.boston.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.boston.com/business/globe/articles/2008/01/12/citys_suit_says_lenders_create_public_nuisance/"><H1>City's suit says lenders create 'public nuisance'</H1></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.boston.com/business/globe/articles/2008/01/12/citys_suit_says_lenders_create_public_nuisance/"><P>NEW YORK - <A href="http://boston.stockgroup.com/sn_overview.asp?symbol=MER" target="_new">Merrill Lynch</A> & Co., <A href="http://boston.stockgroup.com/sn_overview.asp?symbol=GS" target="_new">Goldman Sachs Group Inc.</A>, and <A href="http://boston.stockgroup.com/sn_overview.asp?symbol=BAC" target="_new">Bank of America Corp.</A> were among 21 banks and mortgage companies sued by the city of Cleveland for their alleged roles in the city's deepening housing crisis.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.boston.com/business/globe/articles/2008/01/12/citys_suit_says_lenders_create_public_nuisance/">Cleveland is the second city to sue financial institutions over mortgage losses 
this week. On Tuesday, Baltimore Mayor Sheila Dixon sued <A 
href="http://boston.stockgroup.com/sn_overview.asp?symbol=WFC" target=_new>Wells 
Fargo &amp; Co. </A>, the second-largest US mortgage lender, for making loans in 
black neighborhoods in which the bank allegedly knew borrowers could not afford 
the payments.</blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/CCB53332-7681-4558-B31C-9025FF30EA38/blog/" title="blog or email this clip"><img src="http://content6.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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