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Shore Bank: One Set of Rules for Political Insiders, One Set of Rules for All the Other Banks

The American Spectator 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 afloat. Wonder how those banks’ investors feel about the Obama Administration’s lack of interest in them.”

Read more at the American Spectator

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