ShoreBank Bailout: Did Obama Press To Save South Side Bank? Rep. Biggert Asks

ShoreBank Bailout: Did Obama Press To Save South Side Bank? Rep. Biggert Asks

U.S. Rep. Judy Biggert (R-Ill.) joined U.S. Rep. Spencer Bachus (R-Ala.) in a letter to Obama asking for records concerning ShoreBank. The South Side bank, known for its community lending and with personal ties to Obama aides, has lined up at least $125 million in capital from major banks to qualify for a potential $75 million from the federal government.

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