Robert Bauer

White House Denial on ShoreBank is Sestak-Like

Shorebank logoIllinois Republican Rep. Judy Biggert on Wednesday inserted into the financial regulatory reform bill an amendment calling for an investigation of efforts to rescue ShoreBank. Meanwhile the White House issued denials that it pushed for a bailout of the politically-favored community lender. The Chicago Sun-Times reported yesterday:

As Chicago's ShoreBank struggles to survive, the Obama White House issued a strong statement Wednesday denying that it is interfering in any way with federal regulators or influencing financial institutions willing to pump money into the bank.

Holder Condemns Bribery But What About Sestak?

Holder/Obama photoEven as Attorney General Eric Holder has defanged the Public Integrity section of the Justice Department, and snuffed out prosecutions of members of Congress, he claimed today in Paris that “combating corruption is one of the highest priorities of the Department of Justice.”

Ironically, Holder’s remarks were delivered in support of international efforts to combat bribery. Holder bragged:

U.S. law enforcement has pursued bribe payers of all stripes: large corporations and small companies; powerful CEOs and low-level sales agents; U.S. companies and foreign issuers; citizens and foreign nationals; direct payers and intermediaries.

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