Lawmaker Seeks Investigation Into ShoreBank Bailout (Chicago, Obama,Jarrett, G'manSachs)

Fox Business ^ | 5-19-10 | Charles Gasparino

[STARWISE]

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."

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Sachs + Schakowsky + Shorebank = Shakedown

Excerpt:

Today it was reported that Goldman Sachs CEO Lloyd Blankfein has been calling Wall Street friends to cough up $125 million to save ShoreBank, which faces federal closure next week.

Rep. Jan Schakowsky suggested in January that Illinois taxpayers foot the bill. That would have been the first state-led bank bailout in U.S history. The idea was abandoned–so it appears the government is shaking down Goldman Sachs instead.

*snip*

Regardless, Mr. Blankfein got the message, telling Goldman Sachs shareholders last week that he would try to rebuild the company’s image.

He called up other bailed-out institutions that are being threatened with federal charges–Bank of America, Citigroup, and JP Morgan Chase–and got them to cough up millions for ShoreBank.

So although the ShoreBank bailout is “private,” American taxpayers are still indirectly on the hook.

Rep. Schakowsky played her own part in the shakedown. She chewed out Goldman Sachs executives in her office, and then boasted about it at the Huffington Post. She warned them:

“You are looking at one of the 57 members who voted against the repeal of Glass-Stiegel [sic] in 1999.”

*snip*

It is telling that Rep. Schakowsky did not stop the closure of community banks that are based in the district she represents, like the Bank of Lincolnwood, which failed last year. The irony is that Goldman Sachs and other bailed-out institutions will be protected by the financial reform bill, which does not fully end “too big to fail.” If spending $125 million on ShoreBank is the price of membership in the club, they’re apparently ready to pay.

~~~~

,p>

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FYI ~~

Jan Schakowsky, wife of convicted felon, Robert
Creamer, Van Jones/greenies takeover ally.

[Grampa Dave]

Bush’s fault.

Nothing “illegal” is happenng under Lord 0haha’s rule over AmeriKa.

So just move alone and attack Arizon for upholding the Federal Laws re immigration. (sarcasm off for a few minutes)

[day21221]

Conspiracy of Banks Rigging States Came With Crash
http://www.bloomberg.com/apps/news?pid=20601109&sid=axH24KWxjVDE&pos=10

[STARWISE]

Thanks .. the world is aflame,
and look at these thugs and thieves

[itsahoot]

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.

I hope he asked for the Area 51 files as well, probably get both.</sarcasm>

[cbkaty]

Rev Wright (Obama) has a $10,000,000 line of credit at this bank.....

[Bellflower]

Look for him to run out of here and embraced by Europe.

[Bellflower]

Does anyone else have this problem? Every time I go to a net page that may be incriminating to "the powers that be" I end up on a google page that says among other things:

Your search - http://www.facebook.com/extern/login_status.php?api_key=116027085089150 - did not match any documents. Suggestions: •Make sure all words are spelled correctly. •Try different keywords. •Try more general keywords.

I then have to hit the go back a page to get to the page I am trying to get to in first place. This happens consistently with pages such as the link on this story. I imagine that there may be many that would simply think that they cannot access the page and not try.

This facebook?? page is the one that constantly wants to come up.

http://images.google.com/images?q=http://www.facebook.com/extern/login_status.php?api_key=116027085089150&channel_url=http%3A%2F%2Fstatic.ak.fbcdn.net%2Fconnect%2Fxd_proxy.php%23%3F%3D%26cb%3Df2788e25a7b70c%26origin%3Dhttp%253A%252F%252Fwww.foxbusiness.com%252Ff3c0a80a98e2144%26relation%3Dparent.parent%26transport%3Dflash&display=hidden&extern=2&locale=en_US&method=auth.status&next=http%3A%2F%2Fstatic.ak.fbcdn.net%2Fconnect%2Fxd_proxy.php%23%3F%3D%26cb%3Df13303ba9c73223%26origin%3Dhttp%253A%252F%252Fwww.foxbusiness.com%252Ff3c0a80a98e2144%26relation%3Dparent%26transport%3Dflash%26frame%3Df5cb8caebbbb4b%26result%3D%2522xxRESULTTOKENxx%2522&no_session=http%3A%2F%2Fstatic.ak.fbcdn.net%2Fconnect%2Fxd_proxy.php%23%3F%3D%26cb%3Df273f7283769b62%26origin%3Dhttp%253A%252F%252Fwww.foxbusiness.com%252Ff3c0a80a98e2144%26relation%3Dparent%26transport%3Dflash%26frame%3Df5cb8caebbbb4b%26result%3DxxRESULTTOKENxx&no_user=http%3A%2F%2Fstatic.ak.fbcdn.net%2Fconnect%2Fxd_proxy.php%23%3F%3D%26cb%3Df2d73a0062ca0ac%26origin%3Dhttp%253A%252F%252Fwww.foxbusiness.com%252Ff3c0a80a98e2144%26relation%3Dparent%26transport%3Dflash%26frame%3Df5cb8caebbbb4b%26result%3DxxRESULTTOKENxx&ok_session=http%3A%2F%2Fstatic.ak.fbcdn.net%2Fconnect%2Fxd_proxy.php%23%3F%3D%26cb%3Df1a1ad3dd89a279%26origin%3Dhttp%253A%252F%252Fwww.foxbusiness.com%252Ff3c0a80a98e2144%26relation%3Dparent%26transport%3Dflash%26frame%3Df5cb8caebbbb4b%26result%3DxxRESULTTOKENxx&sdk=joey&session_version=3

[STARWISE]

Google is the pits .. in -0’s back pocket
and an admin advisor .. they track internet
use, are scrubbing and prohibiting access to
-0 negative stuff like crazy.

I don’t trust them AT all .. especially since
they’re in trouble for storing street view
personal data.

Here’s a list of search engines, besides
Yahoo.com, dogpile.com, etc. .. which are
fine.

List

http://thesearchenginelist.com/