Skip to comments.Dem Leaders Block Probe of ShoreBank- Inquiring Minds Want to Know Why
Posted on 08/04/2010 1:22:13 PM PDT by Nachum
The Central Illinois 9/12 Project became the first to expose beginning this past March on BigGovernment.com Shorebanks extensive green and microfinancing agendas, in anticipation of that banks impending bailout. Shorebank, a Chicago-based, community investment bank, is focused on domestic and foreign microfinancing, is heavily engaged in the financing of green projects and green jobs, and has a host of ties to the Obama and Clinton administrations. The Central Illinois 9/12 Project has most recently highlighted the bank seeking and obtaining funds from larger bankssuch as Chase, Banks of America, and Goldman Sachs to secure the necessary funding to remain viable.
(Excerpt) Read more at biggovernment.com ...
Glenn Beck calls “Shorebank” “Just a “Good” Local Bank” and then proceeds to fill an entire chalk board with lines from “Shorebank” to just about EVERY leftist org that you can think of.
I wouldn't be surprised if:
“...Microcredit is a subject that is very near and dear to my heart, and is still in my view one of the great opportunities to bring to scale the poverty reduction agenda that many of us share...I became involved with microcredit more than 20 years ago and I am as convinced today as I was then that we have only just begun to realize its potential.” - Hillary Rodham Clinton
- August 04, 2010
Feds Looking into ShoreBank Connections
As if ShoreBank doesnt have enough problems, the financially troubled but politically connected Chicago-based community lender is now facing a federal investigation into whether political pressure was applied to force several major Wall Street firms to bail out the bank before it was liquidated by banking regulators, FOX Business has learned.
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