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April 21, 2014

Andrew Silow-Carroll: Passoverkill? Suggestions to make next year's seders even more culturally sensitive

Sara Israelsen Hartley: Seeking the Divine: An ancient connection in a new context

Christine M. Flowers: Priest's execution in Syria should be call to action

Courtnie Erickson: How to help kids accept the poor decisions of others

Lizette Borreli: A Glass Of Milk A Day Keeps Knee Arthritis At Bay

Lizette Borreli: 5 Health Conditions Your Breath Knows Before You Do

The Kosher Gourmet by Betty Rosbottom Coconut Walnut Bars' golden brown morsels are a beautifully balanced delectable delight

April 18, 2014

Rabbi Yonason Goldson: Clarifying one of the greatest philosophical conundrums in theology

Caroline B. Glick: The disappearance of US will

Megan Wallgren: 10 things I've learned from my teenagers

Lizette Borreli: Green Tea Boosts Brain Power, May Help Treat Dementia

John Ericson: Trying hard to be 'positive' but never succeeding? Blame Your Brain

The Kosher Gourmet by Julie Rothman Almondy, flourless torta del re (Italian king's cake), has royal roots, is simple to make, . . . but devour it because it's simply delicious

April 14, 2014

Rabbi Dr Naftali Brawer: Passover frees us from the tyranny of time

Greg Crosby: Passing Over Religion

Eric Schulzke: First degree: How America really recovered from a murder epidemic

Georgia Lee: When love is not enough: Teaching your kids about the realities of adult relationships

Cameron Huddleston: Freebies for Your Lawn and Garden

Gordon Pape: How you can tell if your financial adviser is setting you up for potential ruin

Dana Dovey: Up to 500,000 people die each year from hepatitis C-related liver disease. New Treatment Has Over 90% Success Rate

Justin Caba: Eating Watermelon Can Help Control High Blood Pressure

The Kosher Gourmet by Joshua E. London and Lou Marmon Don't dare pass over these Pesach picks for Manischewitz!

April 11, 2014

Rabbi Hillel Goldberg: Silence is much more than golden

Caroline B. Glick: Forgetting freedom at Passover

Susan Swann: How to value a child for who he is, not just what he does

Cameron Huddleston: 7 Financial Tasks You Should Tackle Right Now

Sandra Block and Lisa Gerstner: How to Profit From Your Passion

Susan Scutti: A Simple Blood Test Might Soon Diagnose Cancer

Chris Weller: Have A Slow Metabolism? Let Science Speed It Up For You

The Kosher Gourmet by Diane Rossen Worthington Whitefish Terrine: A French take on gefilte fish

April 9, 2014

Jonathan Tobin: Why Did Kerry Lie About Israeli Blame?

Samuel G. Freedman: A resolution 70 years later for a father's unsettling legacy of ashes from Dachau

Jessica Ivins: A resolution 70 years later for a father's unsettling legacy of ashes from Dachau

Kim Giles: Asking for help is not weakness

Kathy Kristof and Barbara Hoch Marcus: 7 Great Growth Israeli Stocks

Matthew Mientka: How Beans, Peas, And Chickpeas Cleanse Bad Cholesterol and Lowers Risk of Heart Disease

Sabrina Bachai: 5 At-Home Treatments For Headaches

The Kosher Gourmet by Daniel Neman Have yourself a matzo ball: The secrets bubby never told you and recipes she could have never imagined

April 8, 2014

Lori Nawyn: At Your Wit's End and Back: Finding Peace

Susan B. Garland and Rachel L. Sheedy: Strategies Married Couples Can Use to Boost Benefits

David Muhlbaum: Smart Tax Deductions Non-Itemizers Can Claim

Jill Weisenberger, M.S., R.D.N., C.D.E : Before You Lose Your Mental Edge

Dana Dovey: Coffee Drinkers Rejoice! Your Cup Of Joe Can Prevent Death From Liver Disease

Chris Weller: Electric 'Thinking Cap' Puts Your Brain Power Into High Gear

The Kosher Gourmet by Marlene Parrish A gift of hazelnuts keeps giving --- for a variety of nutty recipes: Entree, side, soup, dessert

April 4, 2014

Rabbi David Gutterman: The Word for Nothing Means Everything

Charles Krauthammer: Kerry's folly, Chapter 3

Amy Peterson: A life of love: How to build lasting relationships with your children

John Ericson: Older Women: Save Your Heart, Prevent Stroke Don't Drink Diet

John Ericson: Why 50 million Americans will still have spring allergies after taking meds

Cameron Huddleston: Best and Worst Buys of April 2014

Stacy Rapacon: Great Mutual Funds for Young Investors

Sarah Boesveld: Teacher keeps promise to mail thousands of former students letters written by their past selves

The Kosher Gourmet by Sharon Thompson Anyone can make a salad, you say. But can they make a great salad? (SECRETS, TESTED TECHNIQUES + 4 RECIPES, INCLUDING DRESSINGS)

April 2, 2014

Paul Greenberg: Death and joy in the spring

Dan Barry: Should South Carolina Jews be forced to maintain this chimney built by Germans serving the Nazis?

Mayra Bitsko: Save me! An alien took over my child's personality

Frank Clayton: Get happy: 20 scientifically proven happiness activities

Susan Scutti: It's Genetic! Obesity and the 'Carb Breakdown' Gene

Lecia Bushak: Why Hand Sanitizer May Actually Harm Your Health

Stacy Rapacon: Great Funds You Can Own for $500 or Less

Cameron Huddleston: 7 Ways to Save on Home Decor

The Kosher Gourmet by Steve Petusevsky Exploring ingredients as edible-stuffed containers (TWO RECIPES + TIPS & TECHINQUES)

Jewish World Review May 21, 2010 / 8 Sivan 5770

The Shady ShoreBank Bailout

By Michelle Malkin




http://www.JewishWorldReview.com | "No more bailouts, no more greed, how many profits do you need?" That's been a signature chant of community organizers and Big Labor thugs who have stormed bank offices and financial executives' private homes decrying corporate welfare over the past several months. But now that the federal government and a coalition of big banking interests are poised to bail out a crony Chicago bank with longtime ties to the Obama administration, Saul Alinsky's avenging angels are nowhere to be found.

ShoreBank is a Windy City investment bank with all the right (or, rather, left) ties. Its stated progressive mission isn't merely to make good lending decisions, but to engage in Barack Obama-esque social engineering to "create economic equity and a healthy environment." The ShoreBank corporate slogan: "Let's change the world."

The company website features a video of Obama in Kenya championing ShoreBank microlending projects overseas. ShoreBank has also touted itself as a "green" bank from its founding days — promoting dubious carbon credit programs, subjecting new borrowers to eco-litmus tests ("we look at how you use water, how you recover water and clean it, how you use energy, if you produce clean energy, how you manage CO2, whether you are offsetting CO2 that your product produces, if you are using sustainably produced materials") and encouraging customers to participate in "EcoDeposits" to "directly support the green agenda."

Social and environmental justice may make for good Volvo bumper stickers. They do not, however, make for a good bottom line. While the bank was on do-gooder missions around the world, business at home was in trouble. As The Wall Street Journal reported, "Losses racked up during the recession have left the bank facing a demand to raise new capital or face likely closure by regulators."

Enter the Chicago political friends and family of ShoreBank. The ties are long and deep, as the Central Illinois 9/12 Project has been chronicling for months:

— ShoreBank co-founder Jan Piercy was a Wellesley College roommate of Hillary Clinton's, who has long supported the bank along with former president Bill Clinton.

— Former ShoreBank Vice Chairman Bob Nash worked for Mrs. Clinton's presidential bid as deputy campaign manager. Board of Directors member Howard Stanback is a Hyde Park neighborhood pal of President Obama, who served with Stanback on the board of the radical Woods Fund (where Weather Underground terrorist Bill Ayers also sat).

— White House senior advisor Valerie Jarrett served on the board of Chicago Metropolis 2020 with ShoreBank Director Adele Simmons, former president of the liberal MacArthur Foundation, where she focused on "climate change" and "global governance" issues.

— The bank and its employees donated some $12,000 to the Obama 2008 presidential campaign, and co-founder Mary Houghton reportedly gave advice to Obama's late mother about small business lending issues.

In other words: ShoreBank is too politically connected to fail. And now you, the taxpayer, may be on the hook for helping its cronies engineer a special rescue. Fox Business News reported this week that a consortium of large lenders — including Goldman Sachs, Citigroup and GE Capital — have partnered with the feds to pitch in a combined $200 million public-private bailout. (In addition, Illinois Democrat Rep. Jan Schakowsky has been crusading for a state-level bailout of the beleaguered bank.) The buzz on both Wall Street and Capitol Hill is that Goldman and perhaps others in the public-private partnership were pressured to lend a hand.

It wouldn't be the first time that businesses have felt the Obama squeeze. And it wouldn't be the first time that Democrats exploited the financial crisis to milk public money for their banking cronies.

The laggardly House Ethics Committee is still investigating Democrat California Rep. Maxine Waters, who had a personal and financial stake in Boston-based OneUnited, a minority bank that received $12 million in TARP bailout money under smelly circumstances. The bank's executives donated $12,500 to her congressional campaigns. Her husband, Sidney Williams, was an investor in one of the banks that merged into OneUnited. Waters secured meetings between OneUnited execs and Treasury Department officials.

That probe has dragged on for nearly a year, which doesn't bode well for fresh GOP demands for an investigation into the shady ShoreBank bailout. House Financial Services Committee ranking minority member Spencer Bachus, R-Ala., has demanded that the White House cough up documentation about any possible overt contact with Goldman about the deal.

Team Obama is smarter than that, of course. To quote Obama's environmental czar Carol Browner, who pressured auto industry execs last year to cooperate on a fuel standards increase, they know "to put nothing in writing, ever."

The fingerprints may be missing, but the stench of the Chicago Way is impossible to cover up.

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© 2009, Creators Syndicate

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