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Thursday, September 2, 2010

Shore Bank


The following was sent to me by Larry P. It is a tale of greed and crime being foisted upon the American public.

I quote the entire article, with a link to the source at the end.

This is an interesting story put together from various articles and TV shows by the British Times paper. It shows what Obama and his friends are
really all about. It's not hope and change, it is money.


I warn you, the first part is a little boring, but stick with it. The
second part connects all the dots for you (it will open your eyes). The
end explains how Obama and all his cronies will end up as multi-billionaires.
(It's definitely worth the read. You will not be disappointed).


A small bank in Chicago called SHORE BANK 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, Shore Bank was too politically
connected to be allowed to go under.


Shore Bank survived and invested in many "green" businesses
such as solar panel manufacturing. In fact, the bank was mentioned in one
of Obama's speeches during his election campaign because it subjected new
business borrowers to eco-litmus tests.


Prior to becoming President, Obama sat on the board of the JOYCE
FOUNDATION, a liberal charity. This foundation was originally established
by Joyce Kean's family which had accumulated millions of dollars in the
lumber industry. It mostly gave funds to hospitals but after her death in
1972, the foundation was taken over by radical environmentalists and
social justice extremists.


This JOYCE FOUNDATION, which is rumored to have assets of 8 billion
dollars, has now set up and funded, with a few partners, something called
the CHICAGO CLIMATE EXCHANGE, known as CXX. It will be the exchange (like
the Chicago Grain Futures Market for agriculture) where Environmental
Carbon Credits are traded.


Under Obama's new bill, businesses in the future will be assessed a tax
on how much CO2 they produce (their Carbon Footprint) or in other words
how much they add to global warming. If a company produces less CO2 than
their allotted measured limit, they earn a Carbon Credit. This Carbon
Credit can be traded on the CXX exchange. Another company, which has gone
over their CO2 limit, can buy the Credit and "reduce" their
footprint and tax liability. It will be like trading shares on Wall Street.


Well, it was the same JOYCE FOUNDATION, along with some other private
partners and Wall Street firms that funded the bailout of Shore Bank.
The foundation is now one of the major shareholders. The bank has now
been designated to be the "banking arm" of the CHICAGO CLIMATE
EXCHANGE (CXX). In addition, Goldman Sachs has been contracted to run the
investment trading floor of the exchange.


So far so good; now the INTERESTING parts.


One Shore Bank co-founder, named Jan Piercy, was a Wellesley College
roommate of Hillary Clinton. Hillary and Bill Clinton have long supported
the bank and are small investors.


Another co-founder of Shore Bank, named Mary Houghton, was a friend of
Obama's late mother. Obama's mother worked on foreign MICRO-LOANS for the
Ford Foundation. She worked for the foundation with a guy called Geithner.
Yes, you guessed it. This man was the father of Tim Geithner, our present
Treasury Secretary, who failed to pay all his taxes for two years.


Another founder of Shore Bank was Ronald Grzywinski, a cohort and close
friend of Jimmy Carter.


The former Shore Bank Vice Chairman was a man called Bob Nash. He was
the deputy campaign manager of Hillary Clinton's presidential bid. He also
sat on the board of the Chicago Law School with Obama and Bill
Ayers, the former terrorist. Nash was also a member of Obama's White House
transition team.


(To jog your memories, Bill Ayers is a Professor at the University of
Illinois at Chicago. He founded the Weather Underground, a radical
revolutionary group that bombed buildings in the 60s and 70s. He had no remorse
for those who were killed, escaped jail on a technicality, and is still an
admitted Marxist).


When Obama sat on the board of the JOYCE FOUNDATION, he "funneled"
thousands of charity dollars to a guy named John Ayers, who runs a dubious
education fund. Yes, you guessed it. The brother of Bill Ayers, the terrorist.


Howard Stanback is a board member of Shore Bank. He is a former board
chairman of the Woods Foundation. Obama and Bill Ayers, the terrorist,
also sat on the board of the Woods Foundation. Stanback was formerly employed
by New Kenwood Inc. a real estate development company co-owned by Tony Rezko.


(You will remember that Tony Rezko was the guy who gave Obama an amazing
sweet deal on his new house. Years prior to this, the law firm of Davis,
Miner, Barnhill & Galland had represented Rezko's company and helped
him get more than 43 million dollars in government funding. Guess who
worked as a lawyer at the firm at the time. Yes, Barack Obama).


Adele Simmons, the Director of ShoreBank, is a close friend of Valerie
Jarrett, a White House senior advisor to Obama. Simmons and Jarrett also
sit on the board of a dubious Chicago Civic Organization.


Van Jones sits on the board of Shore Bank and is one the marketing
directors for "green" projects. He also holds a senior advisor position for black studies at Princeton University. You will remember that Mr.Van Jones was appointed by Obama in 2009 to be a Special Advisor for Green Jobs at the White House. He was forced to resign over past political activities, including the fact that he is a Marxist.


Al Gore was one of the smaller partners to originally help fund the CHICAGO CLIMATE EXCHANGE. He also founded a company called Generation Investment Management (GIM) and registered it in London, England. GIM has close links to the UK-based Climate Exchange PLC, a holding company listed on the London Stock Exchange. This company trades Carbon Credits in Europe (just like CXX will do here) and its floor is run by Goldman Sachs.


Along with Gore, the other co-founder of GIM is Hank Paulson, the former
US Treasury Secretary and former CEO of Goldman Sachs. His wife, Wendy,
graduated from and is presently a Trustee of Wellesley College. Yes, the
same college that Hillary Clinton and Jan Piercy, a co-founder of Shore
Bank attended. (They are all friends).


Interesting? And now the closing...


Because many studies have been exposed as scientific nonsense, people
are slowly realizing that man-made global warming is nothing more than a
money-generating hoax. As a result, Obama is working feverishly to win
the race. He aims to push a Cap-and-Trade Carbon Tax Bill through Congress
and into law.


Obama knows he must get this passed before he loses his majority in
Congress in the November elections. Apart from Climate Change he will
"sell" this bill to the public as generating tax revenue to reduce
our debt. But, it will also make it impossible for US companies to compete
in world markets and drastically increase unemployment. In addition, energy
prices (home utility rates) will sky rocket.


But, here's the "KICKER" (THE MONEY TRAIL). If the bill passes, it is estimated that over 10 TRILLION dollars each year will be traded on the CXX exchange. At a commission rate of only 4 percent, the exchange would earn close to 400 billion dollars to split between its owners, all Obama cronies. At a 2 percent rate, Goldman Sachs
would also rake in 200 billion dollars each year.


But don't forget SHORE BANK. With 10 trillion dollars flowing though its accounts, the bank will earn close to 40 billion dollars in interest each year for its owners (more Obama cronies), without even breaking a sweat.


It is estimated Al Gore alone will probably rake in 15 billion dollars
just in the first year. Of course, Obama's "commissions" will be held in trust for him at the Joyce Foundation. They are estimated to be over 8 billion dollars by the time he leaves office in 2013, if the bill passes this year. Of course, these commissions will continue to be paid for the rest of his life.


Some financial experts think this will be the largest "scam" or "legal heist" in world history. Obama's cronies make the Mafia look like rank amateurs. They will make Bernie Madoff's fraud look like penny ante stuff.


Link

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"Unlimited tolerance must lead to the disappearance of tolerance. If we extend unlimited tolerance even to those who are intolerant, if we are not prepared to defend a tolerant society against the onslaught of the intolerant, then the tolerant will be destroyed, and tolerance with them." - Karl Popper

“Necessity is the plea for every infringement of human freedom. It is the argument of tyrants. It is the creed of slaves.” - William Pitt

"Logic. There is little logic among the cultural elite, maybe because there is little omnipresent fear of job losses or the absence of money, and so arises a rather comfortable margin to indulge in nonsense." - Victor Davis Hanson

Winterize your home

I know it is just the second of September but global cooling promises us a very harsh winter. Here are some tips on how to stay warm and save money.

video


submit to reddit OnTwitter I am Lesabre1

"Unlimited tolerance must lead to the disappearance of tolerance. If we extend unlimited tolerance even to those who are intolerant, if we are not prepared to defend a tolerant society against the onslaught of the intolerant, then the tolerant will be destroyed, and tolerance with them." - Karl Popper“

Necessity is the plea for every infringement of human freedom. It is the argument of tyrants. It is the creed of slaves.” - William Pitt"

Logic. There is little logic among the cultural elite, maybe because there is little omnipresent fear of job losses or the absence of money, and so arises a rather comfortable margin to indulge in nonsense." - Victor Davis Hanson

A preview of what New York will face if the GZ mosque is built



Click here for video

submit to reddit OnTwitter I am Lesabre1

"Unlimited tolerance must lead to the disappearance of tolerance. If we extend unlimited tolerance even to those who are intolerant, if we are not prepared to defend a tolerant society against the onslaught of the intolerant, then the tolerant will be destroyed, and tolerance with them." - Karl Popper

“Necessity is the plea for every infringement of human freedom. It is the argument of tyrants. It is the creed of slaves.” - William Pitt

"Logic. There is little logic among the cultural elite, maybe because there is little omnipresent fear of job losses or the absence of money, and so arises a rather comfortable margin to indulge in nonsense." - Victor Davis Hanson