the Shore Bank in Chicago

All these anti-Obama articles. Anyone would think you have issues.

Mark

Yeah, I hate graft and corruption wherever it's found. I do have an issue with that.

So, what do you actually think about the subject matter rather than trying to make things personal?

And the beat goes on....

http://finance.yahoo.com/news/Regulators-shut-4-California-apf-496139063.html?x=0&sec=topStories&pos=2&asset=&ccode=

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. A consortium funded by several of the biggest U.S. financial firms is buying its assets and pledging to operate the new bank by the same principles.

ShoreBank, with $2.16 billion in assets and $1.54 billion in deposits, was the 114th U.S. bank to fail this year.

The Federal Deposit Insurance Corp. took over ShoreBank. Urban Partnership Bank, the newly chartered financial institution, 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. Executives who joined ShoreBank recently, as the bank struggled to raise capital, will manage Urban Partnership Bank. These managers "did not contribute to the bank's problems," the FDIC said.

"too connected" to fail.

Same people, same assets, shucked off failed parts, new name.

Let's say you are someone like Al Gore or George Soros, and pushing the gospel of Global Warming. While doing so you set up or become financially involved in various companies or groups which would benefit by the hysteria. Those groups need financing, so you find a friendly bank controlled by the right people, like for instance Shore Bank in Chicago. Make it community friendly so everything looks legit. Ah, now your companies have funding and are considered to be worth something. Do the IPO, push the green revolution hype, sell some stock, pocket a lot of money. To keep the ponzi scheme going, you use political power to obtain loans from all the big players in banking and investment. When the bills come due and can't be paid, the green revolution falters, let the bank take the hit, and the FDIC comes out to cover it all up with money. The big banks and investment groups that loaned your friendly bank the funds you wanted, all get bailouts, courtesy of the government. Away go the bad assets and finally you can get another friendly bank to grab up anything good that's left. Last, stand in the way of any deep probe into that bank's business dealings and money trail. If you are one of the investors in the green revolution, you have plenty of money in your pocket and the taxpayers pick up the bill for it. Thank you America.

http://biggovernment.com/centralillinois912project/2010/08/04/dem-leaders-block-probe-of-shorebank-inquiring-minds-want-to-know-why/


http://biggovernment.com/centralillinois912project/2010/03/13/the-star-players-in-the-shorebank-story/

Keep moving !!

Just because a social activist bank with ties to top Democrats fails........

Could mean a lot of things.

Quite a few links to follow the Shore Bank trail at that Big Government site.

Hey, look what I found, a Yurt Cozy place that sells carbon credits and also wants donations, and listed among their sponsors, Shore Bank. Thank you America!

http://yurtcozy.org/

or my screen capture here;
http://glenburniemd.net/YurtCozy_ShoreBankChicago.jpg

I like dated screen captures because it's a good way to have the way a page appeared before changes occurred later.

Also if you followed other links you find the personal relationship between FDIC chief Sheila Bair and Shore Bank in Chicago. What I've not checked out yet is who collects the money from the carbon offsets purchased by alleged big polluters?

http://centralillinois912project.com/?p=3247

Also the "renting assets" when done by individuals is usually illegal. What is renting assets? It's having someone front you money into an account for awhile so when you apply for a loan you can use that account as if it's your assets to qualify for the loan, but in truth it's "rented assets" . The word for that is FRAUD. Notice that Obama engaged in this very activity, this FRAUD of "renting assets" by the misuse of his office as President to pressure large banks he and the Federal Reserve had bailed out to "rent assets" to Shore Bank so they could be large enough to qualify for TARP loans. This should be an impeachable offense to be added to the others stacking up against Obama.

You can read more in these google links.

http://www.nlpc.org/stories/2010/07/02/shorebank-president-uses-saul-alinsky-playbook

Last week the Chicago Tribune reported that Illinois Finance Authority chairman Bill Brandt threatened ?a firestorm? in the Windy City if the Federal Reserve did not follow through with a bailout of South Side-based ShoreBank. This followed some reported pressure applied by the Obama Administration on companies like Goldman Sachs, Citigroup, GE Capital, Bank of America, and Chase, who were asked to kick in $20 million each to make politically-backed community lender appear eligible to receive TARP funds

I deleted the post calling for the President to resign.

It is political. The poster offered no reasons except a "Page 17" of a PDF file "REPORTS OF APPRAISAL FRAUD AND PROPERTY FLIPPING IN SAMPLED NARRTIVES" (narrtives?) which makes no mention of Obama. There is NO MENTION of Obama in the whole PDF file.

I consider the post to be malicious and unproved.

In addition, I am locking this thread. There will be no further discussion about my action.

In future, snide and unwarranted posts about Obama, his family, or anyone else close to him will be deleted by me without question and without notice. These continuous discussions about his nationality, his past, his religion, his family, or anything else that has been unsubstantiated by official means will stop.

If you don't like that, go somewhere else.

As a result of my deletion other posts, including one of my own, in reply to it, will also disappear.

Mark

good way to have the way a page appeared before changes occurred later.

What changes?...Shore Bank Sponsorship is mentioned on ALL of the small photos underneath the main photo.