They did not see the direct causation between the lenders actions and the alleged 'injury' to Cleveland's economy, which included increased poverty and mass foreclosures. The panel of three Federal judges did not agree. The city believes that these lenders caused the current foreclosure crisis engulfing the local economy 'through their varying levels of involvement in sub-prime mortgages for real property in Cleveland.' In short, risky lending practices. The man who controls Britain's money supply controls the British Empire, and I control the British money supply.' Sixth Circuit Court of Appeals ruled against the city of Cleveland's case accusing 21 Wall Street bank and mortgage lenders of creating a public nuisance.
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