From the Baltimore Sun:

A federal judge suggested Monday that he might restrict the scope of a first-of-its kind lawsuit filed by the city of Baltimore against mortgage giant Wells Fargo Bank N.A.

The city accuses Wells Fargo of engaging in illegal “reverse redlining” — targeting black neighborhoods for bad loans that resulted in mass foreclosures. The resulting drain on city services cost tens of millions of dollars, the lawsuit alleges.

Lawyers for Wells Fargo filed a motion to dismiss the lawsuit in September, arguing that the city lacked standing to file the complaint. Baltimore was the first municipality to sue a lender in the wake of the subprime mortgage crisis. Similar lawsuits were later filed in Cleveland and Birmingham, Ala., but those complaints have been dismissed by federal judges.

Ok, it’s like this: ACORN, other racial grievance groups, and assorted race hustlers pressure banks both directly and through the federal government to provide mortgages to people who absolutely, no-freakin’-way-in-hell would ever have qualified for them on their own and who clearly would have no way of paying them back. This is a fact. Then, in what must have been a shock to everyone, said loan recipients default on their mortgages and the homes go into foreclosure. Then, the city of Baltimore sues the mortgage lender for racially motivated criminal activity.

So, the banks are racist for not providing loans to people who aren’t credit-worthy, then they’re racist for providing loans to people who aren’t credit-worthy.

Does the ‘black community’ really not understand why people are hesitant to do business in/with it? Really?

A rational man might conclude that the only winning move would be not to play, and he would be right.

…..

More from Michelle Malkin

…..

-Cnation