Seig Heil, baby....

This is the bullshit that crashed our banks. Extortion is a crime if you do it but the Fed's are immune. It's not profitable to make these ghetto residents loans. Nobody gives a shit if they're black, white or pink! Now the banks will have to make loans to these Oba mama supporters no matter what!

P.s you will pay for these worthless loans!
 
Citizens Republic Settles Detroit-Bias Claims - WSJ.com

DETROIT—Federal law-enforcement officials reached a $3.6 million settlement with Citizens Republic Bancorp over allegations that branches of its banks discriminated against Detroit's black residents by improperly favoring white residents in southeastern Michigan.

The Justice Department alleged in court papers that branches of Republic Bank and Citizens Bank, which are now owned by Citizens Republic Bancorp, "essentially provided its services in a horseshoe" around Detroit, engaging in redlining "intended to deny and discourage, or have the effect of denying or discouraging, an equal opportunity to the residents of the majority-black neighborhoods" in Detroit.

In 2007, Citizens Banking Corp. acquired Republic Bank and became Citizens Republic Bancorp. A bank company spokesman didn't immediately return a call for comment.

Citizens Republic Bancorp had total assets of $10.6 billion, with $8.1 billion in deposits, as of October of last year, according to court papers. Its largest operation is in Michigan through its Citizens Bank subsidiary, which has more than 150 branches.

Citizens Republic Bancorp currently operates nine branches within twenty miles of Detroit, but all of branches save one are located in majority-white census tracts. None are in the city limits of Detroit.

As part of a proposed settlement that still needs court approval, Citizens will invest $1.625 million in a partnership with the city of Detroit by providing existing homeowners with matching grants of up to $5,000 to fund exterior improvements. The bank also pledged to spend $1.5 million in a financing program to increase credit to majority African-American areas in Wayne County which surrounds Detroit, and to spend $500,000 for outreach to alert potential customers.

Citizens Bank will also open a loan office in a majority African-American area in Detroit and conduct fair-lending training for its employees, according to federal officials.