With landmark lawsuit, Barack Obama pushed banks to give subprime loans to Chicago’s African-Americans

The Daily Caller reports:

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.

The startling failure rate among Obama’s private sector clients was discovered during The Daily Caller’s review of previously unpublished court information from the lawsuit that a young Obama helmed as the lead plaintiff’s attorney.

An article well worth your time. Just a reminder, in a free market in housing: there's no Fannie , Freddie, HUD, or Federal Reserve to subsidize low down payments.