Home » Archive

Articles Archive for May 2010

Corruption Blagojevich Madigan Cullerton, Featured, Headline »

[21 May 2010 | 3 Comments | ]

Insider dealing at Shorebank is officially a story since Glenn Beck is covering it. Click for video.
Part 2, in which Tony Rezko makes a cameo appearance

HT Newsalert

Featured, Headline »

[20 May 2010 | 4 Comments | ]

Progress Illinois, the leading Left Wing blog in Illinois, thinks it is “curious indeed” that Rep. Judy Biggert would have the audacity to question whether Pres. Obama exeterted political pressure to rescue Shorebank (curiously one of the few “community” banks with operations in a large number of foreign countries, large community that)

It might do Progress Illinois well to read the leading Left Wing blog in Illinois, Progress Illinois on May 19th, where it was reported that
Thanks to some prodding by top Illinois lawmakers, Wall Street giants have agreed to …

Featured, Headline »

[20 May 2010 | 2 Comments | ]

It had to happen. Religious leaders didn’t take long to deploy their biggest gun in the illegal immigration debate: morality.
As in, “You, me and everyone are morally required to oppose Arizona’s law empowering state and local law enforcement officers to ask, when there is reasonable cause, for proof of citizenship.”
Anointed they may be by their various denominations, but for them to see any immorality in law enforcement officers asking for identification stretches the word’s meaning way out of shape.
When you start flinging around “moral imperatives,” you are rolling out the …

Featured, Headline »

[20 May 2010 | One Comment | ]

The president of the United States stands shoulder-to-shoulder with the president of Mexico and attacks the state of Arizona for passing an immigration law in response to no action for a national immigration law which has ranked far down the U.S. president’s priority list.

Now I ask you: Is this smart politics? Or what? Does he really think there’s that strong a Lefty movement in this country after the disillusionment thus far with his time in office? Phoenix ranks second in the world on kidnapping because of an influx …

Featured, Headline »

[20 May 2010 | One Comment | ]

ShoreBank hauls in another familiar name from the Financial Times
According to a person familiar with the deal, Goldman Sachs agreed to invest about $25m, and Citigroup and GE Capital were each committed to invest $20m. Other investors included Bank of America, which will invest $15m and Morgan Stanley, which committed $10m. JPMorgan is also included in the consortium. People familar with the deal said George Soros, the financier, tentatively agreed to contribute $5m. A spokesman for Mr Soros declined to comment.

Read more at the Financial Times

Syndicated »

[20 May 2010 | No Comment | ]

from the Dold for Congress campaign Wednesday, Illinois 10th District Republican Congressional candidate Robert Dold expressed impatience with the failure of the Administration and Congress to address the real problem with the U.S. economy – unemployment. There are now 15.3…

Featured, Headline »

[19 May 2010 | No Comment | ]

In Chicago, outright bribes are generally used as simple graft, like a gifting a bottle of Seagrams 7 to your postman to encourage him not to throw away your mail. It works; is nearly harmless; and it is generally not prosecuted.
The “Chicago Way”, as relentlessly chronicled by John Kass, is much more complex. Chains of favors and appointments are traded to mechanically operate the City that works. Need parking at your Parish on Sunday Mornings? Hire the alderman’s loutish daughter to “teach” at the Catholic School. Need a building permit …

Chicago, Featured, Headline »

[19 May 2010 | One Comment | ]

Early this year, it was our belief (and forecast) that the Federal Reserve would start lifting interest rates from their current level of near zero by mid-year 2010. Our view has been that zero percent interest rates are too low, that the economy would be (and is) in recovery, and that inflationary pressures would continue to increase.

Even though all of this is still true, the Fed has made it clear in recent months that they are willing to hold interest rates down for a period of time that is …

Featured, Headline »

[19 May 2010 | 7 Comments | ]

From Pat Hickey
I met Mike Joyce when I went to work here at Leo High School in 1995. Mike helped coach football and served on the Leo Advisory Board.

He developed a Boxing Program here at Leo that has produced half a score of Golden Gloves Champions, Heavyweight Pro Thomas Hayes ( 27-1) and the Captain of Team U.S.A. Lamar Fenner. More importantly, hundreds of young men developed confidence and dignity in the Square Ring.
Mike Joyce cared for an octogenarian boxing legend, Hermann Mills. Mike took the fighter into his home; …

Headline »

[19 May 2010 | No Comment | ]

“It’s actually kind of awe-inspiring to see the effort being expended on this bank,” says the head of a U.S.-based bank’s Washington office. “You’ve had something like 70 or so bank foreclosures, and you could argue that some of those were better bets to recover than ShoreBank, but because of the Clintons, the Obamas, the Moseley Brauns of the world, and ShoreBank’s sentimental value because it supported their community organizing efforts, it should be saved. None of them were saying that about the bank in Wisconsin that kept family-owned farms …