Skip to comments.Obama’s ShoreBank: Jeremiah Wright’s $10 Million Cash Machine
Posted on 06/30/2010 8:37:34 AM PDT by penelopesire
"And what bank underwrote Wrights mortgage and $10 million line-of-credit? That would be none other than the troubled ShoreBank, a favorite of the Obama family and other Democrat politicians, who have worked mightily to have the feds rescue it despite the fact that it would otherwise not qualify for a bailout.
In fact, while other banks in ShoreBanks boat have been permitted to fail, the Obama administration allegedly pressured Goldman Sachs, Citigroup and others to prop up the bank. According to news reports, this infusion would permit ShoreBank to receive an additional $75 million in TARP funds.
The Central Illinois 9/12 Project has described the banks ties to the president and his associates, including Rev. Wright and Obamas self-described Communist associate Van Jones. In fact, according to Republican Congressional candidate Joel Pollak, incumbent Illinois Democrat Rep. Jan Schakowsky one of Nancy Pelosis favorite far left House members has strenuously argued for the bailout of the bank."
Chicago Way PING!
Knew there was a reason they were trying to save this particulasr bank
“the banks ties to the president and his associates”
How do you define corruption?
I can’t wait to see all of these corrupt marxist clowns testifying before Congress in 2011!
It certainly looks and smells like corruption to anyone with half a brain. We now have corruption and lawlessness in government at historical levels and this WH is guilt of abuse of power, high crimes and misdemeanors and dereliction of duty. Obama will be forced to resign or impeached before his first term is up. Mark my words.
Can Rev Wright produce documents WRT (1) his mortgage, and (2) where he spent the $10M? Assuming he can, do the Wright documents coincide with the reasons stated on his loan applications? Filing a false application for a loan is prosecutable.
Moreover, using a bank to commit financial crimes triggers several investigative agencies since bank patrons, depositors and investors may have been financially harmed by irregularities. If the bank did not prevent financial irrgularities, ShoreBank itself might be charged with fiduciary negligence.
The FBI, US Postal Service, IRS, and SEC should determine whether conspiracies to collude for personal profit occurred.
Forensic auditors might uncover falsified official documents submitted for the purpose of looting the bank. Falsifying banking documents incurs felony charges for 1st-degree tampering with public records, 1st-degree offering of a false instrument for filing, 4th-degree grand larceny, and 1st-degree falsifying of official records?
IRS TOLL-FREE 1-800-829-0433----you may remain anonymous.
FBI TIP PAGE http://tips.fbi.gov/ (you may remain anonymous)
REFERENCE The mission of the Illinois Division of Banking is to protect and educate the public and promote confidence in the regulated industries through administration of statutory responsibilities in an efficient, professional, responsive and innovative manner. Our division oversees the regulation and licensure of State chartered banks, trust companies, ATMs not owned by financial institutions, check printers, pawnbrokers, savings banks and savings and loan associations & mortgage bankers and brokers.
Illinois Division of Banking
320 West Washington Street
Springfield, IL 62786
Illinois Division of Banking
122 South Michigan Avenue, Suite 1900
Chicago, IL 60603
Toll Free Consumer Hot Line: 877/793-3470
Report Mortgage Fraud - 1-800-532-8785
Thanks Liz. Just a huge coincidence, nothin’ to see here.