Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

How did ShoreBank get shored up with federal bailout funds? (The Kenyan and his bank)
http://hotair.com/archives/2010/05/21/how-did-shorebank-get-shored-up-with-federal-bailout-funds/ ^ | 5/21/10

Posted on 05/21/2010 8:56:16 AM PDT by roses of sharon

U.S. Rep. Judy Biggert (R-Ill.) joined U.S. Rep. Spencer Bachus (R-Ala.) in a letter to Obama asking for records concerning ShoreBank. The South Side bank, known for its community lending and with personal ties to Obama aides, has lined up at least $125 million in capital from major banks to qualify for a potential $75 million from the federal government.

Citing unspecified reports of pressure on Wall Street mega-banks, whose interests are involved in a financial regulations bill, the representatives asked for all material, “including e-mails, phone logs and meeting records,” that deal with ShoreBank.

They said ShoreBank may be getting special favors when other banks have been forced to close. The letter asked Obama to respond by June 2.

(Excerpt) Read more at hotair.com ...


TOPICS: Business/Economy; Crime/Corruption
KEYWORDS: beck; chicago; corruption; glennbeck; illinois; obama; shorebank
The company website features a video of Obama in Kenya championing ShoreBank microlending projects overseas. ShoreBank has also touted itself as a “green” bank from its founding days — promoting dubious carbon credit programs, subjecting new borrowers to eco-litmus tests (“we look at how you use water, how you recover water and clean it, how you use energy, if you produce clean energy, how you manage CO2, whether you are offsetting CO2 that your product produces, if you are using sustainably produced materials”) and encouraging customers to participate in “EcoDeposits” to “directly support the green agenda.”

http://www.youtube.com/watch?v=iS_ze2dbwOk

1 posted on 05/21/2010 8:56:16 AM PDT by roses of sharon
[ Post Reply | Private Reply | View Replies]

To: roses of sharon

http://www.youtube.com/watch?v=iS_ze2dbwOk

(Obama in Kenya..from Bank website)


2 posted on 05/21/2010 8:57:59 AM PDT by roses of sharon (I can do all things through Him who strengthens me. Philippians 4:13)
[ Post Reply | Private Reply | To 1 | View Replies]

To: roses of sharon

Watch testerday’s Glenn Beck and he connects ALL of the ShoreBank dot for you(includes the Clintons too).


3 posted on 05/21/2010 8:59:48 AM PDT by US Navy Vet
[ Post Reply | Private Reply | To 1 | View Replies]

To: roses of sharon

That Nigerian prince thing is more credible and less risky. Money laundering for Marxists.


4 posted on 05/21/2010 9:00:24 AM PDT by depressed in 06 (2012, the end of our long national nightmare.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: roses of sharon

“...subjecting new borrowers to eco-litmus tests...” It would not be polite of me to type what I’d say to a banker asking me such questions.

The hope and change I’m looking for is that some skeletons in Barry’s closet come out long before 2012. Don’t know if this is it, but the more questions about his background may eventually reveal who/what this Soetero character is.


5 posted on 05/21/2010 9:02:44 AM PDT by Made In The USA (Home Depot should begin stocking up on pitchforks and torches.)
[ Post Reply | Private Reply | To 2 | View Replies]

To: US Navy Vet

clintons VERY INVOLVED. Early and long. Since billy was the potentate of Arkansas and involved with the National Welfare Rights Org...later known as ACORN.


6 posted on 05/21/2010 9:09:57 AM PDT by MestaMachine (De inimico non loquaris sed cogites- Don't wish ill for your enemy; plan it)
[ Post Reply | Private Reply | To 3 | View Replies]

To: roses of sharon

If I recall correctly, Obama Mama.. AKA Stanley Dunham Obama Soetero was very involved in micro loans. Just carrying on the family business.


7 posted on 05/21/2010 9:18:10 AM PDT by pnut22
[ Post Reply | Private Reply | To 1 | View Replies]

To: roses of sharon; All

Last night Beck slapped a photo of “Bob” up on the blackboard. This article gives the profile on “Bob”.

http://therealbarackobama.wordpress.com/2009/07/03/robert-weissbourd-obama-2008-urban-policy-committee-chair/

Beck also in pointing out all the connections involved with Shore Bank and 0 included the Joyce Foundation,the Woods Foundation, the Ford Foundation but he missed this one:

“One of those non-profit groups Lucas mentioned was, as stated in Weissbourd’s bio, Business and Professional People for the Public Interest (BPPPI or BPI), which received $375,000 in CAC grant funds between 1998 and 2002, while Obama served on CAC’s board. Meanwhile, Obama’s political campaign war chest received $105,513 from BPI staff and board members — including Robert Weissbourd.”

For those who don’t know CAC is the Chicago Annenberg Challenge set up by Bill Ayers and chaired by 0. I wonder what the connection is between something that was set up to supposedly improve education for Chicago children and the above named organization is. Guess I’ll have to go see what this BPI is.


8 posted on 05/21/2010 9:50:37 AM PDT by Albertafriend
[ Post Reply | Private Reply | To 1 | View Replies]

To: Albertafriend

NOBAMA: ==

KICKBACKS R US


9 posted on 05/21/2010 11:11:02 AM PDT by ridesthemiles
[ Post Reply | Private Reply | To 8 | View Replies]

To: Albertafriend

NOBAMA: ==

KICKBACKS R US


10 posted on 05/21/2010 11:11:23 AM PDT by ridesthemiles
[ Post Reply | Private Reply | To 8 | View Replies]

To: roses of sharon

11 posted on 05/23/2010 10:11:07 AM PDT by opentalk
[ Post Reply | Private Reply | To 1 | View Replies]

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson