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The Shore Bank Heist – How Obama’s Hope and Change is all about Money

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A small bank in Chicago called SHORE BANK 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, Shore Bank was too politically connected to be allowed to go  under.

Shore Bank survived and invested in many “green” businesses such as solar 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.Shore Bank Chicago

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 Shore Bank. 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; But now the  INTERESTING parts.

One Shore Bank 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 Shore Bank, 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 Shore Bank was Ronald  Grzywinski , a cohort and close friend of Jimmy Carter.

The  former Shore Bank 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 Shore Bank. 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 Shore Bank and is one of the marketing directors for “green”  projects. He also holds a senior advisor position 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 Shore Bank 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, GoldmanSachs would also rake in 200 billion dollars each year.

But don’t forget  SHORE BANK. 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 8billion  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.