Back in May it was reported that the failing, yet politically-connected Shorebank in Illinois was to be bailed out. The bank actually closed last Friday, but was resurrected yesterday and turned into a new bank - one that will of course have no obvious relationship to Rep. Jan Schakowsky (IL-09), who lobbied very strenuously to save Shorebank... even though it's not based in her district. It is, however, the bank that Schakowsky's convicted felon husband Robert Creamer used to partially extricate himself from the consequences of his fraud scheme; the bank provided critical assistance to Creamer that allowed him to avoid default - which would have beneficial effects on his sentencing a decade later*. There is a strong whiff of this transaction being part of a quid pro quo - with the latter half being paid off, well, right about now.
If you're wondering why Jan Schakowsky can get away with having her and her husband being tied up in a dirty bank deal without censure by the House of Representatives, while Rep. Maxine Waters is currently facing ethics charges for her and her husband's involvement with OneUnited, the answer's easy: Schakowsky is white, and is thus simply fundamentally real to Democratic leadership in a way that no African-American Member of Congress could hope to be to them. It should not be a surprise that House ethics investigations are being allowed to continue only against those legislators whose seats are considered locked-in by the Democrats anyway.
Yes, let me clear: I'm explicitly calling the House Democratic leadership a bunch of racists. They are, you know. And it's never more obvious than when you consider the things that they don't do, when they don't have to.
PS: Joel Pollak is the GOP candidate for IL-09, and he's been all over this topic. I've met him: he's a good guy. Check him out.
*It should hardly be a surprise that Creamer shows no particular remorse for his actions, besides the minimum required for appeals for clemency. Then again, why should he? From his point of view the worse thing that happened in his scheme was that he got caught.
Crossposted to Moe Lane.