Keyword: shorebank

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  • Meet the 'new' name of Shore Bank: the Urban Partnership Bank (vanity)

    01/26/2012 7:32:35 AM PST · by combat_boots · 6 replies
    Muckety ^ | various | various
    Related: David J Vitale: http://www.muckety.com/David-J-Vitale/5794.muckety "Urban Partnership Bank Chairman David Vitale on ShoreBank, Federal Aid for Banks, and Detroit’s Troubles" http://www.chicagomag.com/Chicago-Magazine/April-2011/Urban-Partnership-Bank-Chairman-David-Vitale-on-ShoreBank-Federal-Aid-for-Banks-and-Detroits-Troubles/ UPB link: https://www.upbnk.com/faith-based Board: "Urban Partnership Bank names board" By Becky Yerak Posted Aug. 27, 2010 Urban Partnership Bank, the newly formed group that last week bought failed Chicago-based ShoreBank, has named five-people to its board of directors. It includes three former First Chicago executives who had joined ShoreBank in recent months during its last-ditch and ultimately unsuccessful effort to raise capital so state and federal regulators wouldn’t seize it. Those are David Vitale, who, as previously reported, will...
  • ShoreBank Scandal Fallout: Fines, Suspension, Supervision for College Illinois Fund Adviser

    01/24/2012 5:47:05 PM PST · by george76 · 6 replies · 1+ views
    B G ^ | Jan 13th 2012
    Crain’s Chicago Business reports that Alvin Boutte, Jr., the adviser who encouraged the state to invest in Democrats’ beloved ShoreBank as it was failing, has agreed to pay a fine, to have his securities license suspended, and to work under “heightened supervision” in the securities industry for the next year. The ShoreBank scandal erupted in 2010 as Chicago Democrats, particularly Rep. Jan Schakowsky, tried to bail out the bank using any means necessary–whether federal, state, or private money. The bank’s closure was delayed several times–evidence, critics charged, of preferential treatment from the Obama administration. Eventually, under pressure from the Tea...
  • Stanley Ann Dunham Beyond the Grave

    03/26/2011 8:22:10 AM PDT · by Mortrey · 12 replies
    Lame Cherry ^ | March 26, 2011 | Lame Cherry
    "..this blog focused upon the Obama regime's nefarious plans to enslave the 3rd world to debt, as this blog traced Stanley Ann Dunham Obama Soetoro's sadistic plans as a once sociologist who became a banker for the globalist Ford Foundation, under Tim Geithner's old man's direction in Indochina..........to create a syndicate which started out of European finance to lend money to the poverty stricken, which was termed MICROFINANCE."
  • The UN Plan For Human Settlements (Obama Plan)

    05/15/2010 7:56:54 PM PDT · by bronxville · 71 replies · 1,030+ views
    Berit Kjos ^ | ,June 1996 | Berit Kjos
    Bicycles instead of cars? Dense apartment clusters instead of single homes? Community rituals instead of churches? "Human rights" instead of religious freedom? The UN Conference on Human Settlements (Habitat II) which met June 3-14 [1996]in Istanbul, painted an alarming picture of the 21st century community. The American ways-free speech, individualism, travel, and Christianity-are out. A new set of economic, environmental, and social guidelines are in. Citizenship, democracy, and education have been redefined. Handpicked civil leaders will implement UN "laws", bypassing state and national representatives to work directly with the UN. And politically correct "tolerance"-meaning "the rejection of dogmatism and absolutism"...
  • The Chicago Climate Club Gets Capped (List of influential RATS too coincidental?)

    12/26/2010 10:40:43 AM PST · by Libloather · 19 replies · 7+ views
    12/22/10
    Link only - The Chicago Climate Club Gets Capped
  • Political Pressure Saved ShoreBank Management

    08/25/2010 8:50:17 AM PDT · by jazusamo · 12 replies
    National Legal & Policy Center ^ | August 24, 2010 | Paul Chesser
      Among other things, it looks like the Chicago lobbying to save ShoreBank paid off. Earlier this month I discovered a letter sent by Windy City power player and big Democrat donor Lester McKeever, Jr., to Treasury Secretary Timothy Geithner, which urged his intervention. "It is my hope," McKeever wrote, "and one shared by others who care deeply about its most vulnerable communities, that the ShoreBank recapitalization plan with investment coming from the U.S. Treasury will enable it to continue servicing its customers and fulfilling its mission." In a post today on ShoreBank's blog, online channel manager (whatever that...
  • FDIC Seizes ShoreBank; Reinstalls Failed Management

    08/23/2010 3:33:26 PM PDT · by jazusamo · 10 replies
    National Legal & Policy Center ^ | August 23, 2010 | Paul Chesser
      On Friday the Federal Deposit Insurance Corporation momentarily took over politically-connected ShoreBank, just long enough to relieve it of some of its woes and then turn it back over to the same people to continue its same failed mission. According to a press release, the FDIC Deposit Insurance Fund will take a $367.7 million hit in the transaction.Looks like FDIC chairman Sheila Bair succeeded in her pursuit to save her baby. The Wall Street firms she reportedly pressured to help save ShoreBank – Goldman Sachs, Bank of America, JP Morgan Chase, Morgan Stanley, and General Electric, among others...
  • Shore Bank Fails; Chicago Bank With Administration Ties Goes Under

    08/21/2010 4:23:37 PM PDT · by Justaham · 17 replies
    breitbart.tv ^ | 8-21-10
    Illinois Congressional candidate Joel Pollack discusses the failure of Shore Bank, a bank with many connections to the Obama Administration.
  • Regulators shut big Chicago-based bank ["a big community bank... known for its social activism"]

    08/20/2010 5:20:54 PM PDT · by Brilliant · 19 replies
    AP via Yahoo! ^ | August 20, 2010 | Marcy Gordon
    Regulators on Friday shut down a big community bank based in Chicago that has been known for its social activism but racked by financial troubles in recent months. It was the 114th U.S. bank to fail this year. The Federal Deposit Insurance Corp. took over ShoreBank, with $2.16 billion in assets and $1.54 billion in deposits. Urban Partnership Bank, a new institution comprised of several big Wall Street banks and a private foundation, agreed to assume ShoreBank's deposits and nearly all its assets... In an unusual move, the FDIC allowed some of ShoreBank's executives to continue running the restructured bank......
  • ShoreBank FAILS; Will Be Reincarnated As Urban Partnership Bank ["LET'S CHANGE THE WORLD" ]

    08/20/2010 10:26:37 PM PDT · by fight_truth_decay · 6 replies
    Chicago Business ^ | August 20, 2010 | Steve Daniels
    (Crain's) — ShoreBank, the South Side lender that carved out a national reputation by successfully lending in low-income urban neighborhoods for three decades, was seized by regulators Friday after an extraordinary rescue effort featuring the nation’s largest financial firms fell short. But all was not lost for the neighborhoods ShoreBank has served for more than three decades. The new management of the bank, led by former First Chicago Corp. senior executive David Vitale, acquired $1.54 billion in deposits and most of ShoreBank’s $2.14 billion in assets from the Federal Deposit Insurance Corp. and will reopen ShoreBank’s 15 branches in the...
  • Failure Of Obama's Pet ShoreBank Costs Taxpayers $368M Which Immediately Goes To GSachs+

    08/20/2010 7:19:39 PM PDT · by STARWISE · 7 replies
    Zero Hedge ^ | 8-20-10 | Tyler Burden
    Complete title: Failure Of Obama's Pet ShoreBank Costs Taxpayers $368 Million, Which Immediately Goes To Goldman Sachs Among Others ### After a lengthy attempt to bail out his pet bank, ShoreBank Chicago, Illinois, which included several alleged armtwisting episodes by the administration, the president has finally let the bank die (with its assets valued at about 50% of face). Yet instead of going to hell, it was immediately resurrected with a bevy of new owners, among them Goldman, Morgan Stanley, and BofA, all of whom received nearly $400 million in taxpayer money for their "generosity" to keep the bank zombified...
  • Feds seize ShoreBank - ShoreBank to be revitalized as Urban Partnership Bank

    08/20/2010 5:48:15 PM PDT · by STARWISE · 76 replies
    Sun Times ^ | 8-20-10 | Sandra Guy
    Federal regulators on Friday seized ShoreBank, the fabled South Side bank known for its community lending, and turned its good assets back over to its management team to be reopened as Urban Partnership Bank. The management team, which had joined ShoreBank only recently and which sources say includes former First Chicago Corp. executives Bill Farrow and David Vitale, entered into an agreement -- called a loss-share transaction -- on $1.41 billion of ShoreBank¹s assets with the Federal Deposit Insurance Corp. (FDIC), according to a press release issued tonight. The 15 branches of ShoreBank wll reopen Saturday as branches of Union...
  • Odds of ShoreBank Takeover Now Seen at 50-50 (Chicago/DC scam wow)

    08/20/2010 11:02:40 AM PDT · by STARWISE · 15 replies
    Fox Business ^ | 8-20-10 | Sandra Guy
    Officials at ShoreBank, the troubled community bank with ties to the Obama administration, say there’s a “50-50” chance that recent efforts to rescue the institution will fail, and the bank will be taken over by federal government, FOX Business has learned. “It’s a coin flip, 50-50,” ShoreBank spokesman Brian Berg said, assessing the bank’s potential for surviving. “We’re working on” raising the money. Berg says the bank believes that it needs to raise $75 million more in additional capital to avoid being taken over by the Federal Deposit Insurance Corp. as early as this Friday. An FDIC spokesman declined to...
  • The Last Days of Shorebank

    08/05/2010 5:26:22 PM PDT · by Nachum · 8 replies
    Verum Serum ^ | 8/5/10 | John
    Curiously enough, once SIGTARP announced that it might investigate undue political pressure to bailout Shorebank, the government support seems to have dried up: ShoreBank Corp. has failed to secure $75 million in federal bailout money and may be forced to close, Bloomberg News reported today. The Chicago-based bank, known for lending to low-income communities, raised more than $145 million in private equity. But the money was contingent on federal help. Citing three people with direct knowledge of the matter, Bloomberg said the federal money is not forthcoming. It said one source said the private equity is scheduled to be returned...
  • Tidal Wave Set to Hit Shorebank and Its Cronies (Obama and cronies set to....)

    08/05/2010 8:28:53 AM PDT · by yoe · 7 replies
    Word Press ^ | Aug 4, 2010 | By Bridgette
    Big Government publicized the investigative work of Chicago’s 9-12 Project regarding Shorebank Corporation beginning in April, 2010 and again on May 20th. To further expose the corruption surrounding this bank, Glenn Beck has done further investigation and is tying the bank to radicals in government, government officials, specific groups, individuals, and major companies and banks in what he has dubbed “Crime Inc. “ Recent news organizations have reported that Shorebank needed a bailout, but they weren’t available for TARP funds because they didn’t meet the criteria. They have called on their “friends” for additional cash so they might be eligible...
  • Dem Leaders Block Probe of ShoreBank- Inquiring Minds Want to Know Why

    08/04/2010 1:22:13 PM PDT · by Nachum · 7 replies
    big government ^ | 8/4/10 | Central Illinois 9/12 Project
    The Central Illinois 9/12 Project became the first to expose — beginning this past March on BigGovernment.com – Shorebank’s extensive green and microfinancing agendas, in anticipation of that bank’s 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 banks–such as Chase, Banks of America, and Goldman Sachs — to secure the necessary funding...
  • Congressman: Obama buying votes in Kenya

    07/21/2010 5:06:01 PM PDT · by RobinMasters · 12 replies
    WND ^ | July 19, 2010 | Jerome R. Corsi
    The Obama administration is buying votes in Kenya, charges Rep. Chris Smith, R-N.J., the ranking member of the Subcommittee on Africa and Global Health. WND reported Monday the Obama administration has funded $23 million of U.S. taxpayer dollars through the U.S. Agency for International Development, or USAID, to support the passage of a Kenyan constitutional referendum Aug. 4 that would increase access to abortions and authorize the operation of Islamic law tribunals in the East African nation. In a statement issued by his office yesterday, Smith charged that several Kenyan groups receiving USAID money had been given specific quotas built...
  • ShoreBank probe killed (cronyism wins)

    06/27/2010 7:54:16 AM PDT · by STARWISE · 13 replies
    Sun Times ^ | 6-26-10 | Sun Times Staff
    A congressman's proposal to appoint an inspector general to examine bank-bailout deals for political pressure -- a measure aimed at the politically connected ShoreBank Corp. on Chicago' South Side -- was killed in negotiations on Friday. ShoreBank has received commitments totaling $165 million from major banks such as JP Morgan, Goldman Sachs and Bank of America, and is awaiting approval of another $75 million in federal bailout money. Rep. Judy Biggert (R-Hinsdale) introduced the amendment earlier this week amid reports that the White House had asked other financial institutions to help ShoreBank. The White House denied any interference. In a...
  • We Stopped the ShoreBank Bailout: Now for the Investigation (Chicago-Obama cronyism supreme)

    06/25/2010 9:24:50 AM PDT · by STARWISE · 8 replies
    Big Government ^ | 6-24-10 | Joel Pollak
    The House Financial Services Committee voted Wednesday to launch an investigation of the ShoreBank bailout, a scandal that was first revealed here at BigGovernment.com. 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,...
  • Senator Pleaded for Bank Bailout that Cost Taxpayers( cost taxpayers $2.3 billion)

    06/04/2010 9:29:52 AM PDT · by day21221 · 11 replies · 515+ views
    abcnews.go.com ^ | June 3, 2010 | Matt Kelley
    Senator Pleaded for Bank Bailout that Cost Taxpayers NJ Sen. Robert Menendez Lobbied Treasury to Bail Out Bank That Failed During the depths of the financial crisis in 2008, a member of the Senate Banking Committee urged the Treasury Department to provide bailout money to a struggling financial firm whose eventual collapse cost taxpayers $2.3 billion, newly released records show. Sen. Robert Menendez, D-N.J., wrote to then-Treasury secretary Henry Paulson in support of CIT Group, a New Jersey-based lender to businesses such as retail stores. Menendez touted CIT's importance to New Jersey and the nation and said the firm "provided...
  • The Marxo-Fascist 'Social & Economic Justice' Ties that Bind (ShoreBank & "High Road" tyranny)

    05/30/2010 8:33:55 PM PDT · by unspun · 24 replies · 341+ views
    Investigating Obama ^ | 5/29/2010 | Jean of We the People USA
    ShoreBank, Obama, big labor, community organizers, manufacturers, Canadian socialists, progressive trade organizations, triple bottom-line corporations & the Small Business Administration, on the "High Road" to the controlled society by JeanWTPUSA, www.wethepeopleusa.ning.com Stanley Kurtz, a Senior Fellow at the Ethics and Public Policy Center pointed out in a 09/23/08 Wall Street Journal article that, “Despite having authored two autobiographies, Barack Obama has never written about his most important executive experience.” The experience that Kurtz referred to was Obama’s appointment in 1995 as Chairman of the Board at the Chicago Annenberg Challenge (CAC) a “school reform organization” founded by his longtime friend...
  • 'Glenn Beck': ShoreBank's Tangled Web (corruption democrats)

    05/26/2010 7:59:14 AM PDT · by day21221 · 11 replies · 1,013+ views
    foxnews.com ^ | Friday, May 21, 2010 | 'Glenn Beck'
    'Glenn Beck': ShoreBank's Tangled Web Friday , May 21, 2010 GLENN BECK, HOST: I want to talk to you a little bit about ShoreBank. And all you need to know about ShoreBank in Chicago is it's a really good local bank — that's it — a really good local bank. I want to start over here. Do you remember Crime Inc.? This is a story that we've been telling you here for a while. And I just want to run this down. Joyce Foundation, when Barack Obama was on the board of the Joyce Foundation — this is a really...
  • Rep. Schakowsky and ShoreBank: New Evidence of Conflict of Interest (IL -yep, her crook husband)

    05/25/2010 9:37:11 PM PDT · by STARWISE · 33 replies · 933+ views
    Big Government ^ | 5-25-10 | Joel B. Pollak
    I have found evidence that may explain the intense interest of Rep. Jan Schakowsky (D-IL) in bailing out ShoreBank, the “community development” bank that has received extraordinary assistance from her and several other “friends in high places.” The New York Times confirms that Rep. Schakowsky played a leading role in the ShoreBank bailout. Yet ShoreBank is not based in Rep. Schakowsky’s congressional district, and she did not help the Bank of Lincolnwood–which is in her district, and failed in 2009–or Park National Bank, which was also active in community development in Chicago until it was closed by federal regulators last...
  • Glenn Beck TV Thread May 24 2010

    05/24/2010 1:30:26 PM PDT · by cripplecreek · 77 replies · 1,010+ views
    FOX news Glenn Beck ^ | May 24 2010 | Glenn Beck
    Glenn Beck TV thread May 24th 2010 Welcome to the GLENN BECK television thread...Stand. Never give up. Never give in. We are another day closer to the 2010 elections. All Beckerheads, infidels, sick twisted freaks, ilks and lurkers are welcome and are encouraged to participate in the thread.
  • We Know About Soros — But Who Is Maurice Strong?

    05/24/2010 7:10:46 AM PDT · by opentalk · 22 replies · 1,178+ views
    Pajamas Media ^ | May 24th, 2010 | Ed Lasky
    Canadian mogul and avowed socialist Maurice Strong manipulates governments to benefit his "green" portfolio and those of his friends: George Soros, Ted Turner, Al Gore, and China. Intercontinental Exchange has agreed to purchase the parent company of the Chicago Climate Exchange, the preeminent market for trading carbon credits. This is a market that exists solely to capitalize on possible federal legislation that would mandate reduced greenhouse gas emissions or the purchase of “pollution credits.” Politicians created this market out of thin air by fiat, and not surprisingly, cronies of these politicians will be the beneficiaries. These climate change profiteers include...
  • ShoreBank saved; $20M from GE puts bank over the top

    05/24/2010 5:59:18 AM PDT · by Whenifhow · 14 replies · 350+ views
    http://www.chicagobusiness.com ^ | 5-18-2010 | Steve Daniels
    General Electric Co. says it has committed to pump $20 million into ShoreBank, providing the last amount of capital needed to keep the ailing South Side community development lender from failing. Discussions that went into the wee hours last night finally produced an agreement among a who’s who of Wall Street banks and a group of local lenders that will provide about $140 million of private capital to rescue ShoreBank, a person familiar with the matter said. That will enable ShoreBank to tap up to $75 million in bailout funds from the Treasury Department. The Federal Deposit Insurance Corp. had...
  • The Van Jones - ShoreBank Connection?

    05/23/2010 3:07:34 PM PDT · by raptor22 · 17 replies · 827+ views
    National Review Online ^ | May 23, 2010 | Greg Pollowitz/IBD
    Stephen wrote about the politically connected, and failing, ShoreBank on Wednesday. Investor’s Business Daily also covered the topic in an editorial yesterday: Scandal: Sometimes banks are too small to fail, such as when they are in the president’s hometown, deal with the president’s friends and serve the president’s agenda. Or should we perhaps say too connected to fail? ShoreBank’s Web site boasts: “Van Jones saves at ShoreBank so his money fights for green jobs just like he does.” It proudly notes, “According to former Vice President Al Gore, ‘Van Jones demonstrates conclusively that the best solutions for the survivability of...
  • ShoreBank, Obama's Mother and Geithner's Father - Hmmm... Coincidences?

    05/22/2010 9:14:23 AM PDT · by Whenifhow · 13 replies · 834+ views
    Obama's mother, Stanley A. Dunham, worked for Tim Geithner's Father Peter Geithner at the Ford Foundation. Ford Foundation is partnered with Fannie Mae and Freddie Mac. Peter F. Geithner, Treasury Secretary Geithner's father, worked for the Ford Foundation. No surprise here though, really. Obama and family are highly connected to the East Coast banking crime syndicate (Rockefellers, Soros, Ford Foundation etc.). In other words, Obama and family are highly connected to (Council on Foreign Relations) CFR banking family members, or better known as the Federal Reserve conglomerate. Snip There is also a solid link between the Islamic Banking Cooperative, Fannie...
  • Too Green To Fail?

    05/21/2010 5:38:14 PM PDT · by Kaslin · 316+ views
    IBD Editorials ^ | May 21, 2010 | Investors Business Daily staff
    Scandal: Sometimes banks are too small to fail, such as when they are in the president's hometown, deal with the president's friends and serve the president's agenda. Or should we perhaps say too connected to fail? ShoreBank's Web site boasts: "Van Jones saves at ShoreBank so his money fights for green jobs just like he does." It proudly notes, "According to former Vice President Al Gore, 'Van Jones demonstrates conclusively that the best solutions for the survivability of our planet are also the best solutions for everyday Americans.' " That may tell us all we need to know about ShoreBank...
  • Shorebank — Another Example of "Cronyism" (Joyce Foundation, cap-and-trade, Crime Inc)

    05/21/2010 5:06:39 PM PDT · by opentalk · 11 replies · 568+ views
    SGP ^ | May 21, 201- | Raven Clabough
    Obama’s connections to less than reputable characters and groups like Goldman Sachs, the Chicago Climate Exchange, “Fannie and Freddie,” former Chicago Governor Rod Blagojevich, Franklin Raines, Bill Ayers, Van Jones, Reverend Jeremiah Wright, etc. (the list appears infinite) have placed Americans in the unfortunate position of having to question everything that the government says and does. This epiphany has forced the Central Illinois 9/12 project to investigate the suspiciously preferable treatment Obama and his cohorts have provided to the Chicago-based, community-based investment bank, Shorebank. According to the 9/12 group, Shorebank is “focused on domestic and foreign microfinancing, is heavily engaged...
  • How did ShoreBank get shored up with federal bailout funds? (The Kenyan and his bank)

    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...
  • ShoreBank rescue prompts call for congressional probe (Illinois)

    05/20/2010 6:56:17 AM PDT · by KeyLargo · 12 replies · 385+ views
    Crain's ^ | May 19, 2010 | Steve Daniels
    ShoreBank rescue prompts call for congressional probe By Steve Daniels May 19, 2010 (Crain’s) — Two top Republicans on the U.S. House Financial Services Committee, including U.S. Rep. Judy Biggert, R-Hinsdale, wrote a letter to President Barack Obama demanding records pertaining to any administration involvement in the $140-million Wall Street bailout of ShoreBank Corp. “Some believe that ShoreBank was really saved because of an assumption that high-ranking officials in the Obama administration favored a bailout of this failing institution with deep political ties,” said the May 19 letter by U.S. Rep. Spencer Bachus, R-Ala., and Ms. Biggert. “The administration’s perceived...
  • Lawmaker Seeks Investigation Into ShoreBank Bailout (Chicago, Obama,Jarrett, G'manSachs)

    05/20/2010 12:11:05 PM PDT · by STARWISE · 9 replies · 403+ views
    Fox Business ^ | 5-19-10 | Charles Gasparino
    ust when officials at the politically connected community lender ShoreBank thought they were rescued from near-certain failure by a consortium of Wall Street firms, a top Republican lawmaker is investigating why the firms were so generous with their money, FOX Business has learned. Spencer Bachus, the ranking Republican on the House Financial Services Committee, wrote President Obama this morning asking for "all records of communication - including emails, phone logs and meeting records- related to the ShoreBank negotiations that exist between the Administration and representatives of ShoreBank, and executives of the banks involved in the bailout."
  • Lenders Agree to Prop Up Ailing ShoreBank

    05/19/2010 6:30:54 AM PDT · by Hojczyk · 6 replies · 278+ views
    Fox Business ^ | 5/17/2010 | Charlie Gasparino
    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.
  • Lift another Chicago rock and what do we find?

    05/19/2010 7:38:11 AM PDT · by patriotgal1787 · 7 replies · 566+ views
    The Radio Patriot ^ | May 18, 2010 | Andrea Shea King
    Posted at RedState on May 14, written by blogger Common_Cents who lifts the rock to reveal what -- and who -- is underneath. To set it up for you, here's a reader's comment to the post "Evil bankers must pay, pressured to bail out Obama's Chicago ShoreBank" (post follows). Thank you Common Cents for posting this info. I’m remembering how Glenn Beck had connected many of the dots on one of his shows earlier last week, with the Chicago based CCX. After a day or two of bringing out these “facts, he almost was begging for someone, anyone, to please...
  • Now they're coming for our churches

    05/19/2010 7:35:09 AM PDT · by patriotgal1787 · 303+ views
    The Radio Patriot ^ | May 18, 2010 | Andrea Shea King
    "The new Barack Obama Bank" - Glenn Beck. From Fox Business News: Some of the nation's largest banks have agreed to contribute enough money to save Chicago-based ShoreBank, the community lenderwith strong ties to the Obama administration, FOX Business has learned. The bailout has been controversial. Here's the inside story.