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Eventually (news) WASHINGTON – Regulators on Friday shut down a big community bank based in Chicago that has been known for its social activism but racked by financial troubles in recent months. A consortium funded by several of the biggest U.S. financial firms is buying its assets and pledging to operate the new bank by the same principles. The Federal Deposit Insurance Corp. took over ShoreBank, with $2.16 billion in assets and $1.54 billion in deposits. Urban Partnership Bank, the newly chartered financial institution, agreed to assume ShoreBank's deposits and nearly all its assets. The FDIC also seized seven other banks Friday, bringing to 118 the number of U.S. bank failures this year amid the recession and mounting loan defaults. By MARCY GORDON (end news) ________________________________________________________ Eventually, the poor management, the swindle mentality will continue to reveal itself.. the change is fast approaching, many that bought the delusion and fell for the illusion, continue to get ripped by that same circle that took down a nation. Good thing, we have a President who has and will continue to push for regulatory controls. otherwise left to the system that destroyed the economy, they would simply continue with the delusion of feeling entitled to do so. The rest of the world marches on, and the work yet to be done in this nation is well under way. next, its time to go again after the medical industry, or the swindle mentality will further decimate the nation. a new turn to a new method has been underway, it is, what is desperately needed, then the people of the nation can began to progress... |
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every arena, the swindlers seem to be out in force, doing what they have done for years.. now the great capacity of computer processing is exposing more and more.. "Construction project manager was arrested by authorities recently for stealing over $200,000 from the company" one of these workplace thieves. embezzled $500,000 over the course of four years from a small consulting firm she worked for in the late '90s. After her conscience got the better of her and she turned herself in, she served 18 months in federal prison. "I'm probably your stereotypical white collar criminal," said she, who now works at a small accounting firm " -------------- Don't ask James, a long-time dentist, about his former office manager of 10 years. She drained his practice of at least $65,000 over three years by forging his signature on checks. Worse, she stole his faith in people. "I am not trusting any more," he said. "I am very angry at this woman." His office manager received a three-year, suspended sentence and must pay $1,000 a month in restitution Read more: Embezzlers: Enemies within - Denver Business Journal
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