A small bank in Chicago called SHOREBANK almost went bankrupt during the recession. The bank made a profit on its foreign micro-loans (see below) but had lost money in sub-prime mortgages in the US It was facing likely closure by federal regulators. However, because the bank's executives were well connected with members of the Obama Administration, a private rescue bailout was arranged. The bank's employees had donated money to Obama's Senate campaign. In other words, ShoreBank was too politically connected to be allowed to go under.
Shorebank is not just any bank - Beck has connected dots for you...Bloomburg cannot be posted on FR...this story is NEWs - follow the bouncing ball.......The Joyce Foundation; CHICAGO CLIMATE EXCHANGE, known as CXX.: Woods Foundation/Bill Ayers& Obama......
I remember seeing where they gave Reverend Wright a multimillion dollar line of credit, and paid for his house.
A truly criminal outfit. And Hussein & Co are knee deep in its disgraceful and corrupt dealings.
fyi