I'm working with the people at Shore Bank Enterprise Cascadia to set up a live interview on the morning show next week. We'll be talking about what might have changed since we talked a month ago when the NHA study was released. We'll also talk about that curious email from Shore Bank that started this whole thing.
One of our blog comments on this was also interesting regarding how the NHA designation might be used in land use discussions or perhaps in public hearings testimony on land use decisions even though there have been unending assurances from the parties involved that NHA designations have no bearing on land use or property transactions. A representative of Shore Bank apparently said that is would not be allowed. I wonder how they plan to control that?
TOM: Glenn Beck today (Thursday) and will have more Friday, spoke and had a pretty convincing people/corporation trail on Shorebank's (proper spelling) involvement and very questionable activities. It seems they are broke and under investigation but will receive millions of matching TARP funds. The local Shorebank is connected no matter what these local directors say. All the links keep pointing both ways. The NHA designation we are being forced into is a well disguised scam to take land use and property transactions control. There are words to describe this unconstitutional infringement on our freedom to own and use our property as we see fit. Our local community leaders have been fed bags of garbage with a promise that this will only help us promote the local area and rediscover our past history. Having the National Parks involved scares me as we daily are reminded of promises this President has made and never keeps. I guess most of us are too dumb to understand how much better we will be. I suspect in 1-2 years I will be saying, I told you so.
ReplyDeleteI love this but, I guess it's only right considering what has just happened locally...."Anti-Green Fear Mongering".
ReplyDeleteInteresting but still, I can only comment on one example of Shorebank's involvement in our community and it has been a very positive one in contrast to Fox News's Glenn Beack's daily and very entertianing musings and rants.
Tom:
ReplyDeleteSpeaking of rants (well, I won't go into that).
Shore Bank I am convinced is directly connected with the (Green Energy push) that has already been passed by Congress. They under the direction of the Federal Government will oversee this and ram it down out throats. This policy of (calking-sealing-thermal windows-solar panels-ect-ect).
1. Shore Bank has no viable income other than donated funds and or tarp money.
2. Federal government makes the rules.
3. Contractors are required by the Feds under Union control to hire (unemployed-ex cons- impoverished) to accomplish required work.
4. Citizens will be required under the law to use these contractors to obtain the tax rebates as written by congress and overseen by the IRS. You will be required to pay them at the cost they quote. Also it's suspected that only very small number of contractors will be available in an area (no competition) as they all must be union.
5. Local government entities will have no control of rules and such. They may receive a small stipend from Shore Bank to make them happy and keep them quiet.
6. Failure of the homeowner/property owner to follow all the federal rules may result in a reduction of energy requirements.
6. Shore Bank will have full control and oversee the rules and energy uses.
7. It is unknown at present if these and additional energy conservation requirements maybe compulsory prior to selling or building a home.
How Shore Bank survives with no active accounts was a mystery. It was then discovered that they survive on donations as stated before, but mostly from tax funds, federal, state and local.
This makes me very leery of their association with The National Heritage push here and other places in the US.
Have they contributed any funds to political campaigns ????? If so who?
Good luck and happy question asking.
PRETTY SWEET DEAL
ReplyDeleteWRITTEN BY INVESTOR'S BUSINESS DAILY | 24 MAY 2010
ShoreBank branch in Chicago
Sometimes banks are too small to fail, such as when they are in the president's hometown, deal with the president's friends and serve the president's agenda. Or should we perhaps say too connected to fail?
ShoreBank's Web site boasts: "Van Jones saves at ShoreBank so his money fights for green jobs just like he does."
It proudly notes, "According to former Vice President Al Gore, 'Van Jones demonstrates conclusively that the best solutions for the survivability of our planet are also the best solutions for everyday Americans.' "
That may tell us all we need to know about ShoreBank and the fight to save it. While President Obama rails against the robber barons of Wall Street, the politically connected Chicago financial institution with a politically correct agenda gets a pass and gets a bailout all its own. It is the poster bank for hope and change.
Fox Business points out that "ShoreBank has ties to the Obama administration. Valerie Jarrett, President Obama's senior adviser and a fixture in Chicago politics (as was the president), served on the board of Chicago Metropolis 2020, a civic organization which was run by Adele Simmons, a director at ShoreBank."
ShoreBank was in trouble and needed financial help, either from the government or other financial institutions that have already received government money.
Rep. Judy Biggert, R-Ill., has joined Rep. Spencer Bachus, R-Ala., in a letter to Obama asking for records concerning ShoreBank and how it lined up at least $125 million in capital from major banks to qualify for $75 million from the federal government.
ShoreBank has a history of making the very kind of risky loans that leftist agitators such as Acorn, with government help, pressured banks to do under the Community Reinvestment Act. Ron Grzywinski, one of the original founders of ShoreBank, was the only banker to testify in front of Congress in support of the CRA of 1977.
During his visit to Africa last year, Obama praised the bank for its involvement in projects in Kenya.
Kenya? Why is a struggling community bank in the Windy City involved in projects in Kenya? We hesitate to guess.
Ten other Illinois banks have already failed in 2010, according to the Federal Deposit Insurance Corp. ShoreBank has reportedly received $20 million from General Electric, $20 million from Goldman Sachs and $20 million from Citigroup — with more promised by JPMorgan Chase, Bank of America and Morgan Stanley.
It has friends in high places.
PRETTY SWEET DEAL
ReplyDelete2ND PART
As BigGovernment.com reports, Goldman Sachs CEO Lloyd Blankfein was reportedly personally involved in arranging the aid for ShoreBank.
It notes such aid from Goldman Sachs would let that bank fulfill its "responsibilities" under the CRA to prevent discriminatory lending practices and increase lending in poor neighborhoods.
Since ShoreBank has and will receive money from banks that received TARP funds, is ShoreBank — uniquely, it seems, among Illinois banks — being bailed out with other people's bailout money?
Considering ShoreBank's track record, is this where taxpayer money should be going?
Forgive us. We forgot for a moment about that whole sharing the wealth and redistribution thing.
Rep. Jan Schakowsky, D-Ill., has led the charge to have the bank receive more funds from Illinois, a state nearly as bankrupt as California, to help cover its loss of capital since the beginning of the nation's economic downturn in 2008.
It's not surprising. It was Schakowsky's, husband, Robert Creamer, a Huffington Post blogger, who wrote what is arguably the bible of health care overhaul efforts, "Stand-Up Straight: How Progressives Can Win," while serving a prison term for check kiting.
"I did not run for office to be helping out a bunch of fat cat bankers on Wall Street," President Obama said in an interview on the CBS "60 Minutes" program.
He did run to fundamentally transform America — and if those banks are on Main Street and they follow Obama's agenda, they get help from those fat cats now in thrall to the government, not to mention all the president's friends. Pretty sweet deal.