Free Republic
Browse · Search
Topics · Post Article

Skip to comments.

We Stopped the ShoreBank Bailout: Now for the Investigation (Chicago-Obama cronyism supreme)
Big Government ^ | 6-24-10 | Joel Pollak

Posted on 06/25/2010 9:24:50 AM PDT by STARWISE

The House Financial Services Committee voted Wednesday to launch an investigation of the ShoreBank bailout, a scandal that was first revealed here at Of the dozens of banks that have failed this year, only ShoreBank received help from Washington and Wall Street.

The reasons: its connections to the White House, its close relationship with Rep. Jan Schakowsky (D-IL), and its importance to the radical left.

Video- Joel Pollak on ShoreBank - Fox Business: 5-27-10

After I broke the story in January, other bloggers, notably the Central Illinois 9/12 project, connected more of the dots. Soon, the Wall Street Journal, the Chicago Tribune, and even the New York Times began following the story.

Two weeks ago, my campaign joined Rev. Isaac Hayes (who is challenging Jesse Jackson, Jr. in IL-2) and the Illinois Tea Party in a spirited protest outside ShoreBank’s offices on LaSalle Street in downtown Chicago.

Representatives Judy Biggert (R-IL) and Darrell Issa (R-CA) took up the cause and demanded answers about the White House’s role.

Suddenly, the Treasury and the Federal Reserve began backing away from the bailout. That triggered a public attack on Treasury secretary Tim Geithner by the Illinois Finance Authority. Finally, Rep. Biggert succeeded in inserting an investigation of ShoreBank into the financial reform bill.

The financial reform bill is still a job-killer. But if it does pass, the consolation is that Congress will investigate the ShoreBank bailout.

The fact that a bipartisan committee managed to agree on the investigation shows how important the allegations are.

Meanwhile, the ShoreBank bailout is still on hold.

Thanks to bloggers, the much-maligned Tea Party, and bold leadership on Capitol Hill, we have stopped a corrupt bailout, against overwhelming odds!

TOPICS: Business/Economy; Front Page News; Government; Politics/Elections; US: Illinois
KEYWORDS: bailout; chicagothugs; chicagoway; paytoplay; radicals; shorebank; thugpolitics; thugs
A small victory in this reign of tyrannical rule and control.

Schakowsky, wife of convicted felon, Robert Creamer, who designed Obamadeathcare while in prison.

Who is Robert Creamer?



1 posted on 06/25/2010 9:24:56 AM PDT by STARWISE
[ Post Reply | Private Reply | View Replies]

To: onyx; penelopesire; seekthetruth; television is just wrong; jcsjcm; BP2; Pablo Mac; ...


2 posted on 06/25/2010 9:28:43 AM PDT by STARWISE ( The overlords are in place .. we are a nation under siege .. pray, go Galt & hunker down)
[ Post Reply | Private Reply | To 1 | View Replies]

Hey Jan,

It looks like 3 hots and a cot for you!

3 posted on 06/25/2010 9:29:03 AM PDT by Gabrial (The Whitehouse Nightmare will continue as long as the Nightmare is in the Whitehouse)
[ Post Reply | Private Reply | To 1 | View Replies]


This must be a slam dunk if Judy Biggert stepped forward to push for an investigation....

4 posted on 06/25/2010 9:31:01 AM PDT by Fu-fu2
[ Post Reply | Private Reply | To 1 | View Replies]

To: All
FYI: Joel Pollak is running for IL Congressional seat


Glenn Beck: ShoreBank's Tangled Web

5 posted on 06/25/2010 9:35:11 AM PDT by STARWISE ( The overlords are in place .. we are a nation under siege .. pray, go Galt & hunker down)
[ Post Reply | Private Reply | To 4 | View Replies]


Hi Star! I saw Glenn Beck’s show covering the Shore Bank “connections”. Some believe Glenn is ‘too much’ or ‘too negative’ but he sure does a great job of connecting the dots using FACTS.

6 posted on 06/25/2010 9:54:55 AM PDT by 4integrity
[ Post Reply | Private Reply | To 5 | View Replies]

To: Gabrial
This snarky, conniving, evil communist/socialist/etc WITCH AND her old man had better be tried and strung up when their time comes...just another dung chip on the pile that is corrupt, communist Chicago.
7 posted on 06/25/2010 11:06:47 AM PDT by itssme
[ Post Reply | Private Reply | To 3 | View Replies]

To: AdmSmith; Berosus; bigheadfred; blueyon; Convert from ECUSA; dervish; Ernest_at_the_Beach; ...


8 posted on 06/25/2010 6:12:56 PM PDT by SunkenCiv ("Fools learn from experience. I prefer to learn from the experience of others." -- Otto von Bismarck)
[ Post Reply | Private Reply | View Replies]


ShoreBank bailout probe kicked out of Wall Street reform bill

By Paul Merrion
June 25, 2010
(Crain’s) — ShoreBank Corp. won a reprieve from a potentially crippling federal investigation of alleged Obama administration pressure on some of the nation’s biggest banks to invest in the ailing South Side financial institution.

Before finishing the massive Wall Street reform bill early this morning, Senate negotiators killed a provision that would have required the inspector general of the Federal Deposit Insurance Corp. to examine all bank bailout deals since January 2009 for political pressure by the executive branch.

9 posted on 06/27/2010 7:15:31 AM PDT by KeyLargo
[ 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
Topics · Post Article

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