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To: J Edgar; Art in Idaho

George Soros: “I joined forces with Professor Jeffrey Sachs of Harvard University, who was advocating a similar program, and sponsored his work in Poland through the Stefan Batory Foundation . . . The IMF approved and the program went into effect on Jan. 1, 1990. It was very tough on the population, but people were willing to take a lot of pain in order to see real change.”

Gov’t grants ShoreBank $35M in stimulus funds
By: Steve Daniels May 29, 2009
(Crain’s) — ShoreBank[...]Aries Capital LLC, which got $65 million[...]
[...]”Citi is partnering with the nonprofits Calvert Foundation and Opportunity Finance Network, a network of CDFIs, to run the $200 million Communities at

[...]”Citi is partnering with the nonprofits Calvert Foundation and Opportunity Finance Network, a network of CDFIs, to run the $200 million Communities at Work Fund. Those groups will run the fund and determine which CDFIs to invest in, while Citi will handle underwriting and risk management. Community development lenders can apply online starting May 5.[...]Despite new infusions of cash under the Obama Administration, including making up to $1 billion in money from the Troubled Asset Relief Program available to CDFIs, Pinsky says many lenders still can’t meet demand.

Banking Services for Religious Organizations -

Following The Bailout Money To Wells Fargo
CBS Evening News: How A Big Bank Took American Tax Dollars And Went On A Spending Spree
By Sharyl Attkisson

Wells Fargo hit the jackpot. It was one of the first banks to get bailout funds - the biggest amount awarded in a single shot: $25 billion tax dollars......

In other words, they didn’t give specifics. And the fact is, neither Congress nor the treasury department required them to.

Troubled Wachovia has been bought out by Wells Fargo for $12.7 billion, creating the nation’s second-largest bank in terms of deposits. But it might not have happened without the generous support of the federal government and your tax dollars. ….

First, Treasury Secretary Henry Paulson quietly issued a document revising the tax code, giving enormous benefits to some banks that buy other banks. For Wells Fargo, it could be worth up to $25 billion.

Then, Congress passed the giant bailout that would provide $25 billion in direct funds to Wells Fargo.

The very same day the bailout passed, Wells Fargo announced the surprise turnaround to investors: It would buy Wachovia after all.

And Wells Fargo may not be done. It’s also said to be looking into possibly buying a piece of Swiss banking giant UBS, which got its own bailout - $60 billion - from the Swiss government.

Microfinance USA 2010
Microfinance USA is the place where microfinance practitioners, investors, and enthusiasts meet. Drawing upon the overwhelming success and momentum generated by the 2009 Microfinance, CA conference, Microfinance USA will bring together investors, policymakers, social entrepreneurs, practitioners, small business owners, and curious individuals to explore how microfinance produces jobs, increases incomes, and creates opportunities to build stable and sustainable communities.
Join the leading practitioners and thought leaders of microfinance in the U.S. in enriching discussions
Draw upon the experiences from international microfinance and how it relates to your community
Engage with leading innovators of technology and practice in the field of microfinance
Find your place in the field of international or domestic microfinance and connect with like-minded individuals across the country.
Video: Why Should I Attend This Conference?
Video: Highlights From Last Year’s Event
Reviews from Microfinance, CA in 2009
Microfinance CA was a tour de force.
Bob Friedman, Founder, CFED
I found it an excellent event and I was amazed that it was the first of its kind.
Bob Annibale, Global Director, Citi Microfinance
Engaging, delightful, informative, and very impressively managed on every level.
Hilary Abell, Executive Director, WAGES
VIDEO at site -

UN - Asia-Pacific Business Forum (Tessa Tennant - from Calvert -

Tessa Tennant,Executive Chair, the ICE Organization, UK; former Chair and Founder, ASrIA, Ltd.
Tessa Tennant UK Social Investment Forum (UKSIF)
Barbara Krumsiek’s Biography
Barbara J. Krumsiek (Chair),President, Chief Executive Officer, and Chair, Calvert Group, Ltd. and subsidiaries

Global Giving -
Trickle-up -

See also: Microfinance#Other criticisms

UN Capital Development Fund -

Barbara J. Krumsiek and Richard Burrett
named Co-Chairs of UNEP Finance Initiative
Finance and investment to play a lead role in the
May 2012 “Rio+20” United Nations Earth Summit
Geneva, 28 April 2010 – The largest partnership between the United Nations and the financial
services sector has elected two new Co-Chairs to steer the initiative in the run up to the landmark UN
“Rio+20” Summit in May 2012.
Barbara J. Krumsiek, President & CEO of the Bethesda, Maryland headquarter d Calvert Group Ltd, and Richard Burrett, a partner in the London-based Earth Capital Partners, will steer the United Nations Environment programme Finance Initiative (UNEP FI) for the next two years (see Editor’s notes for more on the Co-Chairs).

UNEP FI, an 18-year-old partnership between UNEP and the
financial services sector, includes 190 banks, insurers and investment
organizations in its worldwide membership.
The United Nation’s “Rio+20” summit will convene in Rio de Janeiro, Brazil, twenty years after the
original 1992 Rio Earth Summit when world leaders gathered for the first time to discuss
environmental and development issues. UNEP FI was formed to provide input to the 1992 summit.
The role of finance and capital markets will be central to the Green Economy theme of Rio+20.
“As the economy and the financial sector begin to recover, we have both an opportunity and obligation
to build sustainability into the way global financial companies do business,” explained Krumsiek.
“The challenges finance and investment face on the road to the Rio+20 Summit are considerable. It is a
critical time to work for progress and develop the means to deal with the next crisis – which may very
well be a natural resources crisis” she added.
Richard Burrett added: “UNEP FI has for many years worked on developing the understanding of
environmental, social and governance issues by financial institutions and the risks and opportunities
emerging from them. The challenge remains acute. I am excited at the chance to play a greater role in
pushing this critical work forward and, importantly, to work with Barbara to steer UNEP FI on the
road to the Rio+20 Summit.”

‘Barbara and Richard have long been at the forefront of promoting sustainability at their own firms
and, through their firms’ sustainable investment criteria and advocacy – among the world’s leading
companies,’ said Paul Clements Hunt, UNEP FI’s Head of Unit. ‘We look forward to drawing on their
deep knowledge, strong commitment and extensive network of contacts, as we take this initiative

Editor’s Notes:
About Barbara J. Krumsiek:
Barbara J. Krumsiek has been Chair, CEO and President of Calvert Group, Ltd. since 1997. Under her
leadership, the firm has grown to become a leading investment management firm with over $14 billion in assets
in over 50 portfolios, including award-winning fixed income portfolios and a full family of sustainable and
responsible equity mutual funds. Ms. Krumsiek is Director and Chair of Acacia Life Insurance Company.
Calvert and Acacia Life are affiliates of UNIFI, a mutual holding company based in Lincoln, Nebraska. Calvert
has been involved with UNEP FI since 2003. Paul Hilton, Calvert’s Director of Sustainable Investment Business
Strategy, has served on UNEP FI’s Steering Committee between 2008-2009 as Treasurer. Calvert was a
founding participant of the UN Global Compact and is fully committed to its 10 universally accepted principles
in the areas of human rights, labour, the environment, and anti-corruption. In April 2006, Calvert helped create
the Principles for Responsible Investment, a joint initiative between UNEP FI and the Global Compact, which
encourages institutional investors to integrate environmental, social and governance factors into their investment process.

About Richard Burrett:
Richard Burrett is a Partner at Earth Capital Partners – a company specialising in providing advice on
investments that address the challenges of sustainable development. Richard had previously spent over 25 years
in international banking. In his 20 years with ABN AMRO he developed extensive experience of project and
structured finance, particularly in the energy and infrastructure sectors, working internationally with a wide
range of international project developers, energy companies and utilities. As Global Head of Project Finance he
was responsible for ABN AMRO’s award winning business franchises in Europe, Asia, Australia, North
America and Brazil. In this role he was also instrumental in the creation of the Equator Principles, a market
recognised standard for managing environmental and social risk issues in project financing. Latterly, as Global
Head of Sustainability, he chaired the group’s Sustainability Council and developed the bank’s strategy on
climate change and the carbon markets. Previously Burret served as the Chair of UNEP FI’s Work Stream on
Biodiversity and Ecosystems. He is also a Senior Associate at the University of Cambridge Programme for
Sustainability Leadership; a Board Member of Forest Renewables – looking to develop the renewable energy
potential of the national forest estate of Scotland; and a Board Member of Forest Trends – a Washington based
not for profit organisation focused on market-based approached to conservation.

The United Nations Environment Programme Finance Initiative (UNEP FI) is a global partnership between the
United Nations Environment Programme (UNEP) and the financial sector. Over 180 institutions, including
banks, insurers, fund managers and investors, work with UNEP to understand the impacts of environmental and
social considerations on financial performance. The Initiative is governed by a Steering Committee, which sets
its strategic direction.

Created in 1972, UNEP represents the United Nations’ environmental conscience. Based in Nairobi, Kenya, its
mission is to provide leadership and encourage partnership in caring for the environment by inspiring, informing,
and enabling nations and peoples to improve their quality of life without compromising that of future
generations. UNEP’s Division of Technology, Industry and Economics - based in Paris - helps governments,
local authorities and decision-makers in business and industry to develop and implement policies and practices
focusing on sustainable development. The Division leads UNEP’s work in the areas of climate change, resource
efficiency, harmful substances and hazardous waste.

The United Nations Capital Development Fund (UNCDF) came into existence in 1966 “as a special purpose fund primarily for small-scale investment in the poorest countries.” With the goal of helping to reduce poverty, it engages in development programs and microfinance.

UNCDF is affiliated with the United Nations Development Programme.[1] United Nations Development Programme The United Nations Capital Development Fund was established by the UN General Assembly in 1966 as a special purpose fund primarily for small-scale investments in Least Developed Countries. Headquartered in New York with offices around the world, it contributes to the achievement of the Millennium Development Goals in the world’s poorest countries through a variety of innovative approaches in local development, including providing support to local governance and the development of inclusive financial services and microfinance.

UNCDF is a member of the United Nations Development Programme (UNDP) group, and reports to UNDP’s Executive Board. As such, UNCDF works in close partnership with UNDP in areas ranging from joint programming to administrative and logistical support. The UNDP Resident Representative represents UNCDF at the country level.

The Fund derives its resources from voluntary contributions made by member states, and from co-financing by governments, international organizations and the private sector. UNCDF is committed to results-based management, combining quality programming with financially sound management. The Fund produces concrete results through programmes that pilot innovative approaches to local development and microfinance for replication on a larger scale.

Investors -|subtemplate.asp&area_2=Our%20Story/Investors

Partners -
Mary Houghton is President, Chief Operating Officer, and a co-founder of ShoreBank Corporation and serves as Chair and CEO, ShoreCap Management, Ltd. She is a director of the corporation and a member of the executive committee, and a director of most of its subsidiaries and affiliates, as well as a member of several credit committees. Mary has thirty-five years of commercial banking experience in underinvested markets in the United States and in developing countries. She was a founder of the Women’s Self Employment Project (WSEP), a leading U.S. microfinance organization. She is or has been a member of the boards of Accion International, Women’s World Banking, Calmeadow Foundation and the Calvert Foundation. She is a member of the Cities Alliance Policy Advisory Group (Secretariat at the World Bank) and a founding member of the Council on Equity Funds. She did the bank financial feasibility work for Grameen Bank donors in the 1980s and subsequently for BRAC Bank and the Aga Khan Rural Support Program’s bank in northern Pakistan. She serves on the Board of K-Rep Bank in Kenya.|child.asp&area_7=pages%2Ftitles%2Fsearch%5Ftitle&area_4=0&area_2=pages%2Fabout%2Four%5Fteam%2Fmary%2Edat&NC=4352X

I did this in haste...spent a few hours at this last night. I know it’s a lot of stuff but if you go scan you’ll start to understand. A little more coming which will complete the picture. The Clintons, Timothy Wirth, Al Gore, Eugene Ludwig, Babbitts, Carol Browner, Jamie Gorelick...blackstone group, blackwater, apollo group, Gates, Anne Erhlich on CoR board, CRI, Trilateral, Club of Rome and both sister clubs.

They’ve been stealing our money for years with the goal of changing our whole economy. ShoreBank is their money laudering bank - most of the money is going overseas. China, Pakistan, Kenya, etc. They still use the template they used for the Apal Scare fraud only w/ more wings.

34 posted on 05/18/2010 8:14:25 AM PDT by bronxville
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To: bronxville

Statement by Mark Pinsky, CEO of the Opportunity Finance Network on Community Development Financial Institutions (CDFIs)

Strategic Plan
Aligning Capital With Social, Economic & Political Justice: National Community Capital’s Strategic Plan 2004-2010* was developed in response to structural and systemic changes in our external operating environment and within and among the opportunity finance industry. We needed to understand how opportunity finance is likely to change over the next seven-ten years and what role we should play.
We set six strategic goals Opportunity Finance Network expects to achieve by 2010. Of the six, two are systemic – that is, they are transformational changes of the opportunity finance system – and four are organizational, they pertain directly to Opportunity Finance Network.
To read the Strategic Plan in its entirety click here - (La Raza etc) 02 - 2 0 1 0

Calvert and Opportunity Finance Network (OFN) have been chosen to handle the money being given to ShoreBank. One should read OFN’s strategic plan. Tessa Tenant is an interesting character. Barbara Krumsiek and Richard Burrett
co-chairing the financial side of the UNEP is interesting...the money is moving...

Tired, will post one more very important piece, and then start thinking some more...they say they’re doing it for the poor and they lie. Sorry it’s all a mess but don’t have time to sort it.

35 posted on 05/18/2010 8:32:04 AM PDT by bronxville
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To: bronxville

D. Wayne Silby, Co-Chairman and Finance Committee Chair
Mr. Silby also co-founded Social Venture Network, a group of socially oriented entrepreneurs and investors, and Calvert Social Venture Partners, one of the first socially oriented venture capital funds. Mr. Silby helped start an Internet company focused on group collaboration, called GroupServe Foundation, which he now chairs. He also started the Emerging Europe Fund for Sustainable Investment, a $60 million OPIC private equity fund focused on Central Europe.
Mr. Silby chairs the CHINA Committee of GRAMEEN Foundation USA, on whose board he also serves, and serves on the board of the Grameen Technology Council, which addresses issues of the “digital divide.”

John G. Guffey, Jr., Co-Chairman; Audit Committee Chair; Acting Investment Committee ChairJohn Guffey founded Calvert, a $15 billion investment management group in Bethesda, MD, noted for their leadership in the area of socially responsible investment. He has worked as the Ventures Fund manager for the environmental and health care fields since 1998. Mr. Guffey is an organizer and board member of the Community Capital Bank of NY.

Carol Atwood, Advancement Committee Chair

Carol Atwood is founder and President of Spartacus Capital, which provides consulting and advisory services to organizations requiring high level strategic partnerships and fundraising support. Her past projects have covered an array of sectors including: clean tech, emerging markets (with a specific focus on China, West Africa and South America), natural resources and the social media sectors. Ms. Atwood is a successful entrepreneur who is actively involved in creating and participating in socially focused ventures, with a primary focus in alternative energy, emerging markets and social networking. She is a recipient of many awards, including “NYC Entrepreneur of the Year” award, which was sponsored by NASDAQ, Kaufmann Foundation, and Ernst and Young.

Ms. Atwood formerly owned and operated TMG, an international marketing company that developed programs for Fortune 500 companies. In 1997, TMG was named “Company of the Year” by the National Association of Small Business Investment Companies and ranked among the top 100 women-owned businesses by Working Woman magazine, placing between Martha Stewart and Oprah Winfrey. Ms. Atwood also serves on the boards of King Arthur Flour and IW Financial, and on the steering committee of Boston College’s Institute for Responsible Investment.

Margaret Clark
Peggy Clark is the Executive Vice President for Policy Programs at the Aspen Institute in Washington, D.C. From 1991 to 2000, she founded and served as the Executive Director of the Economic Opportunities Program at the Aspen Institute, and received the Presidential Award for Excellence in Microenterprise Development from President Bill Clinton. Prior to Aspen, she served as Co-Chair of the Women’s Program Forum at the Ford Foundation. She also served as Program Officer for Women and Employment Grants in the Foundation’s Rural Poverty division. From 1985 to 1988, Ms. Clark directed the Small Scale Enterprise at the Save the Children Federation.

Ms. Clark graduated with Honors from Colgate University with a BA in Anthropology and Fine Arts, and she earned her Masters from Johns Hopkins University School of International Studies in International Economics and Latin American Economic Development. She also serves on the board of the Paraprofessional Healthcare Institute in the South Bronx.

Seth Goldman
Seth Goldman is President and TeaEO of Honest Tea, the company he co-founded in 1998 with Professor Barry Nalebuff of the Yale School of Management. Over the past ten years the company has thrived with a 66% annual compound growth rate, as consumers have shifted toward healthier and more sustainable diets. In 2008 The Coca-Cola Company purchased a minority interest in Honest Tea, fueling further growth as Honest becomes the first organic and Fair Trade brand to move into the world’s largest beverage distribution system.
In 2008 Seth co-founded Bethesda Green, a local sustainability initiative in Honest Tea’s hometown. In its first year Bethesda Green has installed dozens of recycling bins and helped area restaurants convert their grease waste into biodiesel. Seth also serves on the boards of Pennsylvania Certified Organic, Environmental Leadership Program, Happy Baby, and Net Impact.

Before launching Honest Tea, Seth worked at Calvert Group, managing the marketing and sales efforts for the nation’s largest family of socially responsible mutual funds. His previous work includes managing a corporate initiative to combat child labor for the Calvert Foundation, directing an AmeriCorps demonstration project in Baltimore and serving as Senator Lloyd Bentsen’s Deputy Press Secretary for two-and-a-half years. Before that, he worked in Beijing and Moscow. He is a graduate of Harvard College (1987) and the Yale School of Management (1995). Seth has been awarded a Crown Fellowship from the Aspen Institute and Ernst & Young’s 2008 Entrepreneur of the Year Award for the Mid-Atlantic region. Find out more about Seth in our Investor Gallery.

Mary Houghton
Mary Houghton has been a member of the senior management of Shorebank Corporation since its founding in 1973 and is currently president of Shorebank and responsible for expansion management. Shorebank is a regulated bank holding company which invests its own resources and attracts external resources to under-invested urban and rural communities in Illinois, Ohio, Michigan and Washington state. It is the first and largest community development bank in the United States.

Since the early 1980s she did short term advisory work in Bangladesh at Grameen Bank and the Bangladesh Rural Advancement Committee and in Pakistan at the Aga Khan Rural Support Program. Shorebank subsequently has advised banks in Poland, Russia and other ex-Soviet Union nations on lending to small businesses. It expects to be an investor in K-REP Bank in Kenya, BASIX in India and BRAC Bank in Bangladesh.

Ms. Houghton was the senior lender and senior operating officer of the South Shore Bank in Chicago. She was a co-founder of two nonprofit organizations in Chicago formed to meet the economic needs of low and moderate women and serves on the boards of several national and international organizations providing enterprise credit. Her degrees were an M.A. in international studies from Johns Hopkins University and a B.A. cum laude from Marquette University.

Barbara J. Krumsiek
Barbara Krumsiek has been CEO and President of Calvert Group, Ltd. since 1997. Calvert manages over $15 billion in assets across more than 40 mutual funds, including award-winning fixed income portfolios and a full lineup of socially responsible mutual funds. Ms. Krumsiek’s career in the investment industry spans three decades. Before coming to Calvert, Ms. Krumsiek was a Managing Director at Alliance Capital Management LP in New York City. At Calvert, she has presided over a period of dramatic growth and increased visibility, both within the socially-responsible investment sector (SRI) and in the financial services industry as a whole. Under her leadership, the firm’s sales have grown seven-fold and increasing the firm’s presence among individual investors, advisors and the expanding retirement plan including 401(k) plans, has expanded dramatically.

Graduating Phi Beta Kappa with honors from Douglass College, Rutgers University, Ms. Krumsiek received a Bachelor’s degree in mathematics. She received a Master’s degree in mathematics from the Courant Institute of Mathematical Sciences, New York University. In 2000, the Rutgers University Alumni Federation added her to the Hall of Distinguished Alumni, and in that same year, Douglass College and the Associate Alumnae named her to The Douglass Society. In May, 2002 Georgetown University awarded Ms. Krumsiek the Degree of Doctor of Humane Letters, Honoris Causa, citing her work in advancing the critical dialogue regarding the role of business in society.
Ms. Krumsiek, a native New Yorker, resides in Bethesda, Maryland with her husband, Bart Leonard, and their two daughters.

Ira Lieberman
Since 1995, Dr. Lieberman has been deeply involved in the microfinance (MF) sector. He started and managed the Consultative Groups to Assist the Poorest (CGAP) from 1995 to 1999, and from 2003 to 2004, worked as a Senior Economic Advisor to George Soros and the Open Society Institute, building their microfinance capacity in the Balkans. Since 2005, he has served as the Chairman of the Advisory Board of the Emergency Liquidity Fund for Latin America. Dr. Lieberman is also a member of the Council of Microfinance

Equity Funds
In addition to his work in microfinance, Dr. Lieberman was responsible for co-managing the World Bank’s global practice on privatization. From 1999 to 2003, he was responsible for the Bank’s private and financial sector activities in Central Asia, Serbia and the Russian Federation.

Prior to the World Bank, Dr. Lieberman worked for some twenty years in private business at Arthur Andersen, managed consulting operations in Western Europe for Touche Ross (now Deloitte & Touche), and served as CFO, Executive Vice President and CEO of ICC Industries Inc.’s manufacturing group.

Dr. Lieberman is currently President of his own consulting and advisory company, LIPAM International, Inc., advising client governments, donor institutions and NGOs in various areas of economic development.

Dr. Lieberman has a BA from Lehigh University, an MBA from Columbia University and a Ph.D. from Oxford University, and has taught courses on structural adjustment at Johns Hopkins School of Advanced International Studies (SAIS).
Terrence J. Mollner, Governance Nominations Committee Chair
Terrence Mollner is the founder and chair of Massachusetts-based Trusteeship Institute, Inc., an economic and social policy think tank and consulting firm. Dr. Mollner is also a founding member of the board of trustees of the Calvert Family of Socially Responsible Mutual Funds. He is also founder of Calvert Foundation.

Mr. Mollner has written numerous articles and is one of a number of authors in two books recently published by Sterling and Stone: New Traditions in Business – Spirit and Leadership in the 21st Century and Community Building – Renewing Spirit and Learning in Business. He is also a fellow of the World Business Academy, a member of Social Venture Network, and a founder and member of the board of The Fourth Sector Network, Inc.

Reggie Stanley
Reggie Stanley is the Chief Marketing Officer and has led Calvert Group’s marketing and product development initiatives for the past six years. Mr. Stanley has twenty-five years of experience in investment, economic development and entrepreneurial businesses. Prior to Calvert he served as President of Boston Community Managed Assets and Chief Operating Officer of its CDFI holding company, Boston Community Capital (BCC). He joined BCC after spending seven years and holding several leadership positions at Fidelity Investments, including Vice President of High Net Worth Marketing and Customer Development and E-Commerce. He has worked at the consulting firms of Bain & Company and McKinsey & Company, as well as served on several community and nonprofit boards aimed at civil justice, economic development, equality and quality of life issues. His current board affiliations include: The Social Investment Forum, Echoing Green, Shared Interest, Doorways to Dreams. Mr. Stanley is a recent fellow of the Southern Africa/United States Center for Leadership and Public Values. He earned his MBA at the Wharton School of the University of Pennsylvania and graduated with honors with a BA from the University of Pennsylvania.

Kathy Stearns
Kathy Stearns formed Arc Advisers LLC in 2007 after more than 20 years in the community development finance sector to offer financial planning services to individuals, and consulting services to nonprofits and small businesses on how to maximize the benefits of their retirement plans for staff.

From 1997 to 2007 Kathy worked at Opportunity Finance Network where, in various positions, she developed and implemented the first ever rating system for community development financial institutions, served as Chief Financial Officer, managed the organization’s financing activities, and provided training and consulting services to CDFIs.

Prior to working at Opportunity Finance, Kathy worked at ACCION International for 9 years, during which time she managed a microfinance organization in Costa Rica, helped start microfinance programs in the US, and provided training and consulting services to microfinance organizations in Latin America, Asia and Africa.

Wells Fargo is one of the Big Four banks of the United States with Bank of America, Citigroup and JP Morgan Chase

World’s First Microinsurance Fund Announces Major New Investors J.P. Morgan, TIAA-CREF, Proparco, Waterloo, ACE - LeapFrog Fund Achieves Record Close of $137 million....(Community Banks - highbeam media wing -


Carver’s foundation was built on serving communities which had limited access to quality financial services. Carver meets this challenge today by partnering with local government agencies to develop products that meet the specific and emerging needs of our customers and the community:


Carver is partnering with the New York City Office of Financial Empowerment (OFE) by providing no fee bank accounts to “unbanked” families in a program called Opportunity NYC (”ONYC”). ONYC is a New York City anti-poverty program that seeks to help move people out of poverty by creating incentives that encourage attainment of education, training and employment opportunities. Carver has opened more ONYC participant accounts than any other bank in the program. To learn more about the ONYC program
Carver is partnering with the New York City Housing Authority (NYCHA) by participating in a pilot program to encourage NYCHA residents to pay their rent at a lower cost at a participating Carver branch verses using a check cashier. This program has been very successful and Carver is currently working on expanding its services and products to this market segment

MWBE Capital Access Loan Programs

Since 2007 Carver has been partnering with the New York City School Construction Authority (SCA) through their Mentor Program which is designed to help small minority contractors improve their profitability and expand their businesses by providing them access to capital and bonding capacity. Carver’s small business lending area provides eligible contractors with working capital loans up to $150,000. CCDC provides technical assistance and workshops to the contractors. To date, we have provided close to $5MM in working capital financing since the inception of the program. For more information on the SCA Mentor Program visit the New York City Department of Education SCA website.
Carver has been approved by the U.S. Department of Transportation (US DOT) as a participating lender in the agency’s Short Term Lending Program (STLP). The STLP is a loan guarantee program designed to enhance lending opportunities for disadvantaged business enterprises (DBEs) and other small disadvantaged businesses (SDBs) in order to bolster the number of companies engaged in transportation-related contracts. The STLP also helps to strengthen the competitive and productive capabilities of DBEs and SDBs currently doing business with the US DOT, its grantees, recipients, as well as their contractors and subcontractors. Carver is the only bank in the Northeast region to receive this esteemed designation. For more information on the US DOT and the STLP, please visit To learn more about this and Carver’s other capital access and lending programs, visit or call 718.230.2900.
Partnerships coming soon: Empire State Development Corporation, Port Authority

Their goal is completion by 2015. GW Bush was in on it as was his father. These crooks collected lots of money over the years for horrendous tragedies - what did they do with it? The only real money the country has left is our IRA’s, 401K’s... They will “redistribute” it. They’re in league with Arabland, China, everywhere...they’ve sold us out.

36 posted on 05/18/2010 9:34:09 AM PDT by bronxville
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To: bronxville
They’ve been stealing our money for years with the goal of changing our whole economy. ShoreBank is their money laudering bank - most of the money is going overseas. China, Pakistan, Kenya, etc. They still use the template they used for the Apal Scare fraud only w/ more wings.

Lots of information. Thanks for doing the research. Scary stuff. Will spread the word and pass it on. . .

38 posted on 05/18/2010 11:57:49 AM PDT by Art in Idaho (Conservatism is the only hope for Western Civilization.)
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To: bronxville

Thanks for the information. US citizens are being cleaned out and will never recover.

39 posted on 05/19/2010 6:14:20 PM PDT by J Edgar
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