Shorebank Now Under Scrutiny by the Feds — Federal Bailout Also Unlikely

***REPRINT of our article published on BigGovernment.com on August 5, 2010.***
(Pictured above: Neil Barofsky, Special Inspector General for the Troubled Asset Relief Program)
In the wake of recent reports that Shorebank’s financial status worsened in the second quarter, some interesting new developments have surfaced.
Yesterday afternoon, Fox Business News reported that Shorebank …

From RBO: The Gaza Flotilla-Hamas Reader

Hat Tip:RBO
The Gaza Flotilla-Hamas Reader
February 19, 2009 by Brenda J. Elliott

This RBO reader begins with a report in February 2009 that a letter was passed by persons unknown from Hamas to U.S. Sen. John Kerry (D-Mass.). It picks up in January 2010 when unrepentant terrorist couple, and POTUS …

BigGovernment.com is Today Featuring a Follow-up Story in our ShoreBank Series

In March and April of this year, BigGovernment.com published a series of articles we sent them featuring ShoreBank, the community development “green” bank that has previously been seeking a state bailout. You can revisit the series via the following links:

Sharia Law, and Bank Bailouts
Shorebank’s Evolution from Community-Based-Banking to the Microfinancing …

Food Deserts in Illinois

“Let’s Move” is a government initiative aimed at fixing childhood obesity. One targeted problem is “food deserts.”  Food deserts are created when families live more than 1 mile away from a grocery store, making it more difficult for people in large cities and people without cars to be able …

Shorebank: Too Green to Fail?

****Our article, as published on BigGovernment.com on April 4, 2010.****
As the Central Illinois 912 Project has addressed previously on BigGovernment.com, Shorebank is a community bank based out of Chicago that is engaged in microfinancing – a hybrid of capitalism and social justice.  They have been supported and promoted by individuals like …

The Star Players in the ShoreBank Story

Please also see these other posts in our Shorebank series: ShoreBank, Sharia Law, and Bank Bailouts; ShoreBank’s Evolution from Community-Based Banking to the Microfinancing Arena;  ShoreBank: The First Green Bank; ShoreBank: A Key to Green Jobs; and ShoreBank: Too Green to Fail? 
The Shorebank story is quite complicated and filled with literally …

ShoreBank: A Key To Green Jobs

**(This is a reprint of our article, first published on March 10th on BigGovernment.com.)**
If you ask people on the street (outside of Chicago) if they have ever heard of ShoreBank, I would imagine the answer would generally be “no.” While ShoreBank isn’t a Goldman Sachs, a Bank of America, or a …

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