Glenn Beck, 5.20.2010: CRIME, INC., Bankers, SEIU, And Shorebank (UPDATED: SEIU Escorted By Police To Baer’s Home)

Glenn covers the real story of SEIU thugs surrounding the property of Gregory Baer, deputy counsel for BofA on Sunday, 5.16.2010. It has been reported that there was between 500 and 700 trespassers on Baer’s property while he was away with one child at a baseball game. When the liberal left, mannerless, brain-dead Obamazombies showed up at his property, Baer’s fourteen year old son locked himself in the bathroom and called his father. When Baer arrived home, he called the police who refused to come to his house because they did not want the situation to escalate. Now where did we leave those frakkin’ paramilitary SWAT Teams?  Which police dept. are Greg Baer and his neighbors paying for?

Glenn then goes onto explain the story of Shorebank and Obama (after the video).  You may want to hit this Socialism Page to understand the intricate web that Glenn is trying to explain.

Shorebank Bailout: The Ties that Bind

The Central Illinois 9/12 Project became one of the first to expose — beginning this past March on BigGovernment.com – Shorebank’s extensive green and microfinancing agendas, in anticipation of that bank’s impending bailout.  Shorebank, a Chicago-based, community-based investment bank, is focused on domestic and foreign microfinancing, is heavily engaged in the financing of “green” projects and green” jobs, and has a host of ties to the Obama and Clinton administrations.  Most recently, we wrote in April about Shorebank seeking a “bailout” from larger financial firms that have previously received bailout money from the federal government. Congresswoman Jan Schakowskyhad previously proposed that the bank receive funds from the State of Illinois to help cover its loss of capital since the beginning of the nation’s economic downturn in 2008.

As we previously wrote, Shorebank would potentially be eligible for TARP funds if it were to be recognized as a “Community Development Financial Institution.” In order to to received needed federal TARP money and prevent seizure by the FDIC, Shorebank needed to receive appropriate matching funds from private sources.  News stories have been released over the past several days indicating that Shorebank has potentially received such funding.

Shorebank has reportedly received $20 million from General Electric, $20 million from Goldman Sachs, and $20 million from Citigroup – with additional large funds being promised by J.P.Morgan Chase, Bank of America, and Morgan Stanley. Shorebank also has received funds from the Northern Trust Corporation, State Farm, and Harris N.A.  It has been reported that the bank could also receive funds from Wells-Fargo and PNC Financial Services.  Assistance from these financial institutions puts Shorebank’s raised capital from private sources within the range needed to make it eligible for TARP funds.

As we reported previously, Citigroup, Bank of America, and Chase all received tens of billions of dollars in taxpayer money from TARP.  Does this then mean that Shorebank is being bailed out by bailout money?

And still yet, there is another layer to Shorebank’s impending bailout that must be exposed: cronyism.Mary Cahillane was named Executive Chair of Shorebank in November.  Cahillane had previously worked at Bank of America as an operational risk executive. Goldman Sachs executive Lloyd Blankfein has been reported to have been personally involved (*site subscription required to access this link) in arranging for the assistance given to Shorebank.

Make sure to go over to BG and read the rest.

UPDATE:

From BigJournalism:

D.C. Metro Police Escorted SEIU Protesters to Bank Of America Executive’s Home

The family of Greg Baer, Bank of America executive, is located in a jurisdiction protected by the Montgomery County Police Department (MCPD), which responded promptly to a disturbance call from his neighborhood last weekend.

According to Corporal Dan Friz, an MCPD spokesperson in Rockville, Maryland, the department received a disturbance call from one of Baer’s neighbors at 4:10 pm last Sunday. Four MCPD units arrived at Baer’s Greenville Rd. address at 4:15 pm.  At least two Metropolitan Police Department units from the nearby District of Columbia were already at the scene when they arrived.

Why? Because police cars attached to the Washington MPD’s Civil Disturbance Unit had escorted theSEIU protesters’ buses to Baer’s home. Such cross-jurisdictional escort activity is not uncommon for both departments according to Friz and Metro Police Department spokesperson Officer Eric Frost.  Still, the District police did not inform their colleagues of what was about to happen in one of their Maryland neighborhoods.

The Maryland officers reported there were approximately 500 protesters on and near the front lawn of Baer’s house.  Montgomery County was not given a “heads-up” concerning the planned protest.  Although a protest permit is technically required in Montgomery County, in practice no citation is issued if the protestors disperse when requested to do so by the owner of the private property they occupy.

The primary role of the Washington cops in this event was to protect the protesters. The D.C. officers had no authority to act to disperse the protesters even had the homeowner been present and asked them to vacate the private property. The event ended as a “dash one”– no arrests, no citations – according to Friz.  The Montgomery County units left the scene at 5:29 pm.

Hit the link above to read the rest.

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