Collins Report

By Kevin “Coach” Collins

Chalk one up for Lady Justice with the decision of a Baltimore federal court judge to toss out a bogus lawsuit brought by the city’s convicted thief Mayor, Sheila Dixon. The City’s Chief Executive, who was convicted last month of stealing gift cards she solicited from “a wealthy developer”, pressed forward with her ridiculous lawsuit alleging Wells Fargo “triggered millions of dollars in damages… by causing increased foreclosures through racist predatory lending.”

In making his ruling, U.S. District Judge J. Frederick Motz said, “The alleged connection is even more implausible when considered against the background of other factors leading to the deterioration of the inner city… extensive unemployment, lack of educational opportunity and choice, irresponsible parenting, disrespect for the law, widespread drug use, and violence.”

Reverse redlining and the REAL reason Baltimore sued

Bathed in the stench of a typically poorly run Democrat controlled city, (Baltimore has had a Republican mayor for just 8 of the last 79 years) the city brought the first of its kind “reverse redlining” suit in January 2008. Its filing it alleged Wells Fargo, “targeted minority borrowers for bad loans – an illegal practice known as “reverse redlining” – which allegedly led to defaults and a disproportionately high rate of foreclosures and vacancies in black or Latino neighborhoods.”

As described by STEVE H. HANKE and STEPHEN J.K. WALTERS, Baltimore based Economics Professors, b y the end of 2007, the city’s burdensome taxes had placed it in a serious financial decline. It is therefore little wonder that Judge Motz accepted Wells Fargo’s accusation that the suit was merely a way for a cash strapped Baltimore to raise some badly needed cash.

This is another example of the destructive consequences of continuous Democrat Party rule. Will the Democrat rank and file ever awake to reality? Not likely.

Housing crash

We are just now starting to feel the worst of what will surely be a terrible beating brought on by Liberal Democrats like Andrew Cuomo during his tenure as HUD Secretary under Clinton. Using a technique he has since elevated to a black art, Cuomo threaten lending institutions into increasing the percentage of bad loans they were making from a barely survivable 42% to 50% which has proved to be the knockout punch to our economy.
This Fannie and Freddie mess is a pure 100% Democrat produced disaster. If there was one single Republican the Democrats could POSSIBLY include in their guilt you can be certain we would know that person’s name. The Clintons wanted to flog lenders into making as many loans to as many minority applicants as possible and whether they were qualified or not meant nothing. Until now Democrats haven’t care about the consequences because they always find a way to escape from them. It’s up to us to see that they are made to pay for this one, next November.
What did you do yesterday to defend American freedoms; what will you do today; what do you plan to do tomorrow? Plan on fighting back or plan on being a slave. The choice is yours.

Sources:

http://www.baltimoresun.com/news/maryland/baltimore-city/bal-dixon-trial1201,0,2096336.story

http://www.baltimoresun.com/news/maryland/baltimore-city/bal-md.wellsfargo07jan07,0,2225115,full.story

http://michellemalkin.com/2010/01/07/culture-of-corruption-watch-democrat-baltimore-mayor-resigns/

http://online.wsj.com/article_email/SB121521095074129437-lMyQjAxMDI4MTA1NTIwMTUwWj.html

http://www.villagevoice.com/content/printVersion/541234

Yesterday’s Rasmussen Presidential Index had Obama at -12

This day in history January 18

1998 Matt Drudge breaks the Lewinsky/Clinton connection story on his site The Drudge Report.

Comments on this or any other Collins Report essay can be sent to kcoachc “at” gmail.com