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After Call From Senator Inouye’s Office, Small Hawaii Bank Got U.S. Aid
Hawaii Free Press ^ | 7-1-09 | Paul Kiel & Binyamin Appelbaum

Posted on 07/01/2009 2:07:35 AM PDT by JohnKSmith

Inouye reported ownership of Central Pacific shares worth $350,000 to $700,000, some held by his wife, at the end of 2007 [5]. The shares represented at least two-thirds of Inouye's total reported assets. Inouye has requested a delay in filing his annual financial disclosure for 2008, which was due this spring, and he declined to provide the current value of his investment. Since the end of 2007, the bank's stock has lost 79 percent of its value.

Central Pacific was founded in 1954 by a group of World War II veterans including Inouye who were emerging leaders in Hawaii's Japanese American community.

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


TOPICS: Business/Economy; Crime/Corruption; News/Current Events; US: Hawaii
KEYWORDS: 111th; 1954; 2008; bailouts; banking; centralpacific; congress; corruption; democrats; inouye; porkulus; veterans

1 posted on 07/01/2009 2:07:36 AM PDT by JohnKSmith
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To: JohnKSmith

Ahhh, the wafting sweet smell of Hawaii “you scratch my back, I’ll scratch yours” politics. Like a bag of expired poi rotting in the sun.


2 posted on 07/01/2009 2:38:07 AM PDT by Proud_USA_Republican
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To: JohnKSmith

I assume he’s a democrat right? I mean since his party wasn’t mentioned in the article...


3 posted on 07/01/2009 5:44:35 AM PDT by Abathar (Proudly posting without reading the article carefully since 2004)
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