Re Banking mess: I wandered about online last night...Went from Redlining, to the South Shore Bank (in the neighborhood where Obama was organizing (votes maybe?) and forward....wonder how many of the banks who were putting together "deals" for folks, who had no down payment, and then couldn't keep up payments on the house/property they just bought, had the buyouts these folks did...???
Does anyone know what's in all the bundles of worthless papers are tied up together in all the pretty little packages??? Was all of this excess mandated by the Government in the 90's?? And then multiplied by greed?
Did Obama and his Chicago buddies have much to do with this bank? Did they have stock in it?
What was Jeremiah Wright's house deal of a 1.6 Million house, with a $10 Million Letter of Credit attached to the loan.... What kind of deal is that? (I posted an article about this not long ago...)
Probably nothing. But then again....
en.wikipedia.org
Redlining….
en.wikipedia.org
South Shore Bank went to >>ShoreBank Corporation to >> subsidiary of Shore Financial Corporation – NASDAQ symbol
Scott Harvard, President and CEO of Shore Bank
SHBK – Symbol
wrightreports.ecnext.com
Message 24936097
Trinity United- Jeremiah Wright house – “””A spokesman for ShoreBank, the Chicago-based financial institution that secured mortgages for the loans, said the deals were aboveboard.””””
Shore Financial Corporation, based in Onley, Virginia, is the holding
company for Shore Bank, which serves the Eastern Shore of Maryland and
Virginia through eight full-service banking facilities and twenty-two ATMs.
Through its affiliates, Shore Bank also offers title insurance and investment
products. As of September 30, 2007, Shore Financial Corporation had total
assets of $269 million, total deposits of $200 million, total loans of $217
million, and total stockholders' equity of $27 million. For more information
on stock, products and services, visit www.shorebank.com.
Information about Merger of Shore Financial Corporation and Hampton Roads
Bankshares
On January 9, 2008, Shore Financial Corporation announced the signing of a
definitive merger agreement with Hampton Roads Bankshares pursuant to which
Shore Financial will be merged into Hampton Roads Bankshares.
Hampton Roads Bankshares, Inc. Shore Financial Corporation
999 Waterside Drive, Suite 200 25020 Shore Parkway
Norfolk, VA 23510 Onley, Virginia 23418
Attention: Jack W. Gibson Attention: Scott C. Harvard
Telephone Number: (757) 217-1000 Telephone Number: (757) 787-1335
888888888888888888888888888888888888888888
HMPR Symbol = Link:
reuters.com |
