Blago once offered Holder a $300K job
washington examiner ^ | 6/14/10 | Barbara Hollingsworth
Posted on Monday, June 14, 2010 2:26:10 PM by Nachum
Heres a Blagojevich-Obama connection you may not know about unless youve been reading the Chicago newspapers for quite some time. Former Illinois Governor Rod Blagojevich, D, tried to hire Eric Holder (now the U.S. Attorney General) six years ago to give a clean bill of health to a gaming company that prosecutors say had just paid Blagojevich a $40,000 bribe.
Blagojevich wanted to hire Holder to a $300,000 special investigators position, so that he would dispel allegations by state Attorney General Lisa Madigan,D, that Emerald Casino was tied to the mafia. Even as Blago tried to whitewash Emerald, the companys president had just paid off Blagojevich by giving his wife a no-work real estate fee, according to Blagojevichs federal indictment.
Holder even appeared with Blagojevich at a March 24, 2004 press conference. Nearly five years later, he failed to mention the event in a 47-page questionnaire he submitted to the Senate Judiciary Committee five days after Blagos arrest, the Chicago Sun-Times reported.
(Excerpt) Read more at washingtonexaminer.com ...
Andy Martin says $1 million Obama campaign contributor Goldman Sachs is trying to orchestrate a bailout of failed financial institution ShoreBank, which has close ties to Barack Obamas old neighborhood. Martin says the Chicago fix is in. Martin will be asking the Department of Justice for appointment of an independent counsel to investigate influence peddling and Chicago corruption in the ShoreBank scam. ShoreBank may have financial interests inno surpriseBarack Obamas home: Kenya. Martin is demanding that the bank make full disclosure of all of its overseas interests and investments before any federal aid is approved.
Martin says Chicago news media are covering up the ShoreBank scam out of fear of Obama retaliation. Martin says the ShoreBank bailout in Chicago is a growing Obama Administration/Clinton financial scandal Martin says that ShoreBank investors are seeking a disguised taxpayer bailout
ANDY MARTIN SAYS THE PROPOSED TAXPAYER BAILOUT OF CHICAGOS SHOREBANK IS NOTHING MORE THAN ANOTHER GOLDMAN SACHS FINANCIAL SCAM; GOLDMAN GAVE $1 MILLION TO THE OBAMA PRESIDENTIAL CAMPAIGN MARTIN PLANS TO ASK THE FDIC AND DEPARTMENT OF JUSTICE TO OPEN INVESTIGATIONS INTO POLITICAL FAVORITISM AND INFLUENCE PEDDLING BY OBAMA ADMINISTRATION OPERATIVES
Martin calls the bailout nothing more than a bailout of a bad investment by the very investors who are now trying to save their investment with taxpayer subsidies Martin says Chicago clout is behind efforts to rescue the bank.
My readers are often astounded by the fact that I am linked to almost everything that has happened in Chicago over the past several decades. Well, here we go again. In 1973, I was one of the bidders for the old South Shore National Bank at 71st Street and Jeffrey Boulevard, which later morphed into ShoreBank. Although I had substantial resources to bid, I was outbid by the current owners who were backed by Pritzker Family money.
A third of a century later, ShoreBanks failed business strategy has imploded, and now ShoreBank investors are seeking a $75 million taxpayer bailout. Federal regulators should say no. The $75 million would not provide funds for future growth; it would merely reimburse investors for failed loans in the past. ShoreBank is dead in the water. It had a failed strategy, trying to mix community banking with a massive international network of investments. What was a ‘community bank’ in Chicago doing involved in dozens of foreign countries?
Barack Obamas fingerprints are all over this bailout scam. ShoreBank has been linked to Bill Clinton, the Global Philanthropy Forum and the Chicago Global Donors Network whichno surprisehas links to Kenya(Obama’s old stomping grounds via United Kenyans of Chicago).
The entire concept of ShoreBank is defective. The essence of banking is to spread risk. ShoreBanks business plan is to concentrate risks, in bad neighborhoods. The bank has yet to publish a 2008 annual report, let alone a 2009 one. Tens of millions of bad loans are being concealed as part of a financial scam to secure federal financial support. This is nothing more than a Barack Obama fix
Most of the so-called rescue investors have existing links to ShoreBank. Goldman Sachs has had someone advising the bank (Suzanne Johnson). Now they are trying to ‘invest.’ If Goldman can raise $140 million to save the bank they should be able to raise $200 million and avoid use of any taxpayer cash. Bank of America is listed as a shareholder; now they want taxpayers to bail them out. What is America-owned Citibank doing investing in bad banks and failed financial strategies? Citibank is a failed bank itself. It all comes down to two words: Barack Obama.
The FDIC has closed better-situated banks in Illinois. Why is it stalling and propping up a failed institution? Chicago Clout. What is interesting is the way the Chicago media have tried to hush up this scandal. Only recently has there been any press coverage. Well, we are blowing this scam wide open. Obamas game is up.
Andy Martin is the Executive Editor and publisher of www.ContrarianCommentary.com. Andy is a legendary New York and Chicago-based muckraker, author, Internet columnist, radio talk show host, broadcaster and media critic. He has over forty years of radio and television background. He is a former adjunct professor of law at the City University of New York (LaGuardia CC, Bronx CC) and holds a Juris Doctor degree from the University of Illinois College of Law. Martin comments on regional, national and world events with more than four decades of experience.