Lenders Agree to Prop Up Ailing ShoreBank

Fox Business ^ | 5/17/2010 | Charlie Gasparino

[Hojczyk]

Some of the nation's largest banks have agreed to contribute enough money to save Chicago-based ShoreBank, the community lender with strong ties to the Obama administration, FOX Business has learned.

The banks have agreed to contribute $140 million to bail out the bank, while the federal government will donate tens of millions more, according to people close to the talks.

[Don Corleone]

Politics...Chicago (Obama) style.

[Poison Pill]

Some of the nation's largest banks have agreed to contribute enough money to save Chicago-based ShoreBank, the community lender with strong ties to the Obama administration

Could we get a more robust definition of the term "agreed"?

[Psycho_Bunny]

Any other bank would have been seized by regulators late on a Friday.

[TheBattman]

And we just KNOW that there was no outside influence from the White House....

[Mark was here]

Too small to fail.

[maine yankee]

too ‘connected’ to fail.