And So I Go: Yesterday, Today and Tomorrow

Posts Tagged ‘Shore Bank fraud

Got this email from a friend and simply have to pass it on.  It is the same energy scheme that Glenn Beck spoke of a few months ago and called Crime Inc.  But maybe the written account will be easier to grasp than just listening.  I know I do better with the written word :).

I am posting the email just as I got it so the beginning is what my friend had to say and then the story from the British Times.  BB

*****************************

To compel a man to subsidize with his taxes the propagation of ideas which he disbelieves and abhors is sinful and tyrannical………..  Thomas Jefferson

It took the British Times to piece together some of Obama cronies’ crooked activities.  The web of

deceit is so huge its staggering.  Read to the end, it gets better as you read.   Just another sell out of the American people by Obama’s crowd and Gore.

So . . . you think you know quite a bit about Obama and his band of thieves.

You don’t know anything yet. Read on all of this as it all comes together in

the last part……..  a must read.

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 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 survived and invested in many “green” businesses such assolar
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 ShoreBank.
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 ShoreBank 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 Shorebank, 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 ShoreBank was Ronald Grzywinski, a cohort and close
friend of Jimmy Carter.

The former ShoreBank 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 Shorebank. 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 ShoreBank and is one the marketing
directors for “green” projects. He also holds a senior advisorposition
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
Shorebank 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 SHOREBANK. 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.
Advertisements

See topic cloud at bottom of page for specific topics.

Enter your email address to follow this blog and receive notifications of new posts by email.

Join 97 other followers

BB’s file cabinet

Advertisements