Illinois' own Rep. Judy Biggert thinks something fishy is up with the rescue of ShoreBank. Yesterday, the Hinsdale Republican sent a letter
to the White House requesting all "e-mails, phone logs, and meeting
records," regarding the Wall Street-led bailout of
Chicago's leading community development bank. Biggert seems to think
that the Obama administration applied political pressure to save
ShoreBank, a charge White House officials flatly denied.
Scott
Harper, the Democrat running against Biggert this fall, is confused why
Biggert is getting tough on one local community bank. This is, after
all, a lawmaker who voted to provide Goldman Sachs with $10 billion in
TARP money and now won't return contributions
from their corporate PAC, even though the firm is under criminal
investigation by the SEC. "It’s curious," wrote campaign manager Jonas
Heineman in a statement today, "that Congresswoman Biggert is so eager
to investigate a bank that has no financial stake in her campaign."
Curious, indeed.