Special Government Deal for Obama-Connected Community Bank

Written by FrumForum Editors on Wednesday May 26, 2010

The blog Verum Serum notes that a community bank in Chicago with Obama connections is getting preferential treatment:

There is now a demand by congressional republicans for a probe into the mysterious survival of Shorebank. The letter they sent to the President yesterday asks “why did government-supported Wall Street banks decide to save ShoreBank rather than the numerous others [failing banks] that faced a capital shortage?”

Click here to read more.

Category: Middle Rail