International Money Laundering Scheme Ignored by Obama Administration (Open Thread)

Posted by Bridgette

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The Corrupt Obama Administration and the Lamestream Media Aren’t Reporting?  Why Might that Be?

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“Money laundering happens in almost every country in the world, and a single scheme typically involves transferring money through several countries in order to obscure its origins.

Money laundering, at its simplest, is the act of making money that comes from Source A look like it comes from Source B. In practice, criminals are trying to disguise the origins of money obtained through illegal activities so it looks like it was obtained from legal sources. Otherwise, they can’t use the money because it would connect them to the criminal activity, and law-enforcement officials would seize it.”

Tidal Wave Set to Hit Shorebank and Its Cronies UPDATED!

 © By Bridgette WTPOTUS 2010

Big Government publicized the investigative work of Chicago’s 9-12 Project regarding Shorebank Corporation beginning in April, 2010 and again on May 20th. To further expose the corruption surrounding this bank, Glenn Beck has done further investigation and is tying the bank to radicals in government, government officials, specific groups, individuals, and major companies and banks in what he has dubbed “Crime Inc. ”

Recent news organizations have reported that Shorebank needed a bailout, but they weren’t available for TARP funds because they didn’t meet the criteria.  They have called on their “friends” for additional cash so they might be eligible for TARP funds.  Like other left-leaning, democratic organizations, this bank appears to have many tentacles. Questions arise as to their operations and why they are not being closed by the FDIC for poor management or other regulations.   What is it that makes Shorebank so important that they aren’t being allowed to fail?  Shorebank was the recipient of Stimulus Funds in the amount of $35 million, yet they need more money less than a year later. One also must question why major “bailed out”  corporations like Bank of America and  J.P. Morgan Chase  are being called on to “save” this bank.   The “Bailed Out” are now involved in “Bailing Out?”

Most peculiar is how Shorebank’s logo and motto resemble Obama’s colors in his logos and his pre-election mantra. Their motto, “Let’s Change the World.”  Creepy, and telling.

What is the story? Who are the people behind Shorebank and its other entities that are now seem operating both nationally and internationally?  Below are the articles from the 9-12 Chicago Project. Those at the 9-12 Chicago Project  are to be commended for their work and for exposing what appears to be another organized criminal organization.

What is ACORN’s Trade Secret of Corruption?

Posted by Bridgette

“GOP Lawmakers Hit ACORN With New Report Alleging Misconduct. The Republicans’ latest report contains documents that they say confirms previous findings that ACORN is responsible for thousands of fraudulent voter registrations across the country and has used taxpayer money to support a partisan political agenda.”  FOXNews.com

A second report issued by Representative Darrell Issa (R-CA) and his fellow Republicans on the US House Oversight Committee further accuses ACORN, a non-profit organization, and its partner SEIU of multiple crimes. Among them are voter-registration fraud, using taxpayers’ money for political purposes, and violating election laws by having an unlawful partnership between a major labor union and ACORN and its many affiliates. The report says ACORN operates as a “Criminal Conspiracy” in conjunction with SEIU. Not only do they share the same the same office space in many cases, they also co-mingle monies that transfer from one arm to another. According to an audit, one organization, American Institute for Social Justice transfers federal funds to ACORN’s national organization for political purposes. The report also states that the Department of Justice (Eric Holder, Attorney General) and the FBI should be investigated for not delving into this issue of corruption and criminal activity. This is a 68 page report and the following are some of the salient points.