Crain's Chicago Business reports on Rep. Jan Schakowsky giving some people a "special bailout":
A highly unusual intervention by U.S. Rep. Jan Schakowsky stopped foreclosure proceedings against a group of North Side business owners who owe tens of millions to a failed suburban bank.
Ms. Schakowsky, D-Chicago, in September held two town-hall meetings with aggrieved business customers of failed Mutual Bank of Harvey—at the behest of Balvinder Singh, one of the borrowers and a contributor to Democratic politicians, including Ms. Schakowsky. The borrowers complained that Garland, Texas-based United Central Bank, which bought Mutual’s assets and deposits from the Federal Deposit Insurance Corp. last year, was heavy-handed and aggressive in foreclosing on them.
Who could forget that Mutual Bank of Harvey was run by Blago fundraiser
"Uncle Amrish"(as he's known to Blago's children)? Who could forget "Uncle Amrish's" tenure at Chicago Mob linked Old Republic Bank? Who could forget that "Uncle Amrish" was an Obama campaign contributor and lent
Rita Rezko:
the $500,000 mortgage she needed in order to purchase the lot on which the Obama mansion in Chicago sits
? The world of Blago-Obama-Jan Schakowsky- "Uncle Amrish"-Tony Rezko-Alexi Giannoulias. Here's more on
"Uncle Amrish" from John Kass of the Chicago Tribune.
