Posts tagged "bank"

GE saves Shore Bank from failing

According to Crain’s Chicago Business: General Electric Co. has committed to pump about $20 million into ShoreBank, providing the last amount of capital needed to keep the ailing South Side community development lender from failing. Discussions that went into the wee hours last night finally produced an agreement among a who’s who of Wall Street... Read more »

Obama's "invisible" hand in TARP

This is for SouthSideGT, who apparently hangs on my every word. In a previous post, I reminded Obama and Biden that in trying to get “every cent” back in TARP money from the banks, that they had originally sent “our” money there.  SouthSideGT’s response to the posting was a disingenuous attempt to fix the blame... Read more »

Barack and Biden want our money back

My good old friend Joe Biden sent a personal message to me (and to thousands of other marks on the administration’s mailing list) with some very funny stuff in it. He and “Barack” (as he calls the president) are really, really angry about the bank executive bonuses. Barack and Joe say they want “every cent” of... Read more »
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    Chicago Tribune contributing op-ed columnist and author of forthcoming historical novel, "Madness: The War of 1812." Reporter, editor and columnist for Chicago Sun-Times and Chicago Daily News. Freelance writer and editor.

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