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Keyword: shorebankscam

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  • Obama’s ShoreBank: Jeremiah Wright’s $10 Million Cash Machine

    06/30/2010 8:37:34 AM PDT · by penelopesire · 10 replies
    Hot Air ^ | June 29, 2010 | directorblue
    "And what bank underwrote Wright’s mortgage and $10 million line-of-credit? That would be none other than the troubled ShoreBank, a favorite of the Obama family and other Democrat politicians, who have worked mightily to have the feds rescue it despite the fact that it would otherwise not qualify for a bailout. In fact, while other banks in ShoreBank’s boat have been permitted to fail, the Obama administration allegedly pressured Goldman Sachs, Citigroup and others to prop up the bank. According to news reports, this infusion would permit ShoreBank to receive an additional $75 million in TARP funds. The Central Illinois...