ShoreBank: A Key To Green Jobs
by Central Illinois 9/12 ProjectIf you ask people on the street (outside of Chicago) if they have ever heard of ShoreBank, the answer would likely be “no.” While ShoreBank isn’t a Goldman Sachs, a Bank of America, or a JP Morgan, to the Progressives, this “little” bank is in many ways every bit as big and important as the aforementioned “large banks.”
Why?
One of the core components of President Obama’s fundamental change for America is to create clean energy jobs, also known as “green jobs”. During his campaign and as recently as his State of the Union Address, President Obama continues to talk about the need “green” jobs. In fact, during his State of the Union 2010 speech, the President stated, “We should put more Americans to work building clean energy facilities – and give rebates to Americans who make their homes more energy-efficient, which supports clean energy jobs. “
In a speech given by the President in Virginia on Dec. 15, 2009, he said, “The simple act of retrofitting these buildings to make them more energy-efficient — installing new windows and doors, insulation, roofing, sealing leaks, modernizing heating and cooling equipment — is one of the fastest, easiest and cheapest things we can do to put Americans back to work while saving families money and reducing harmful emissions.”
In the stimulus package last year, President Obama devoted nearly $60 billion of his plan for building a new green-based economy.
Retro-fitting older homes to save money on heating and cooling costs is a great idea; but in today’s economy, how many people can afford to spend that kind of money up front? And if people aren’t buying green building materials, like replacement windows, how will any of this create green jobs? If there isn’t an increase in green jobs, then the billions spent in stimulus money would be a waste — and the President can’t let that happen.
Enter ShoreBank.
ShoreBank has been active in helping homebuyers with making their homes more energy efficient for years. In 2005, then-governor Rod Blagojevich “announced a $10 Million Homeownership Initiative to Revitalize Homes in Chicago’s South and West Sides.” This venture was administered by ShoreBank, which also provided homebuyers with education on “how to choose energy-efficient products…..”
ShoreBank’s own website states, “In Chicago, borrowers are rated on types of windows and light bulbs used, and a free energy audit is often required before a loan is granted.”
Recently, ShoreBank received $35 million in “new market tax credits” to finance green buildings and other projects in Chicago, Detroit and Cleveland – the communities it serves.
Now what if you just had a product that needed to be made by green jobs that could be sold by a bank? Enter Serious Windows, made by Serious Materials.
Serious Windows took over the Republic Windows and Door Factory in Chicago. They make energy efficient windows which have been selected by the Community and Economic Development Association of Cook County to be used in their low-income multifamily dwellings that qualify under the Illinois Home Weatherization Assistance Program. This Assistance Program was awarded $242.5 million in the ARRA stimulus money.
Serious Windows must be important windows in the Obama Master Plan. The company has been singled out (in speeches made by the administration) as being the best windows in America. And Serious Materials received $548,100 in Recovery Act Advanced Energy Manufacturing Tax Credits for clean energy manufacturing projects – while no other window company received this same credit.
Now you have all the pieces in place to put together a plan to create green jobs. You have a window manufacturer (Serious Windows) receiving government money. You have a weatherization project, also government funded, awarded to the Community and Economic Development Association of Cook County. And then there’s the Midwest Energy Efficiency Alliance, which recommends Serious Windows, trains energy auditors and develops certified contractor lists. And finally, there’s ShoreBank, a bank with long ties to the Progressives that has also received government money. ShoreBank requires that an energy audit be completed before a home loan is approved. (Oh, and did I mention that one of the board members for Midwest Energy Efficiency Alliance works for ShoreBank? Joel Freehling is the Manager of Triple Bottom Line Innovations at ShoreBank, whose “… primary task is the creation of innovative financial products to promote energy efficiency and green development in urban markets, such as ShoreBank’s Homeowners’ Energy Conservation Program.” )
If ShoreBank can loan money to people to buy homes and recommend Serious Windows (which creates green jobs), it will be a win-win for the green jobs stimulus project. Is it any wonder that Senator Dick Durbin and Rep. Jan Schakowsky are applying pressure as they ask for a $100 million bail out of ShoreBank?
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59 Comments
Although Shore bank is not Goldman Sachs, it sure is a Boutique Criminal Enterprise.
After today's news…I think my head is going to EXPLODE!!!
Gee, which of Obamao's big donors benefits from a "green economy?" And how much of that profit is returned to Obie in the form of a "campaign donation?"
Goldman Sachs ultimately benefits. So does Algore and David Blood his partner. Not familiar with that name? David Blood was CEO of Goldman.
Me too………
56% of Shore's employees are black. The only whites who work there are the faces needed to show at the annual meeting.
So…what's up wit dat? Understan where I'm commin' from?
and just think, Chicago almost got the Olympics….ohhh, sorry, those tough Europeans knew better than to submit to this type of shakedown……good thing, otherwise, Obama would have funnelled billions into Chicago property owners pockets to buy up land and development of new stadiums, parking lots, venues that would have been paid for by all other states taxpayers…..too bad so sad……………………
Not zactly, Goldman Sachs and Goldman Asset Management (where Blood was both co-CEO and CEO) are two very different water rmellons.
But neverless…yo point be well taken! When you ain't lookin', we takes all yo points.
I first heard about these swine (Serious Windows) from John Stossel http://www.youtube.com/watch?v=bctRYvUJKe4
As it supplements this article, a word of warning before watching; your blood will boil MORE if you haven't seen this already.
Also GE. The "cap and tax" bill is larded up with subsidies for their projects and products. And of course, they own Obama mouthpiece MSNBC.
hey that sounds like preety good news. the banking industry is really weak right now right now so are elected officals need to help them so we all don't suffer the wrath.
but as far as weatherizing homes and creating green jobs i think this artcle is great. i'm glad to see obama is finaling creating green jobs.
Cathy Zoi is an Asst. Sec. in the DOE. What a coincidence that her husband, Robin Roy, is an executive employed by Serious Materials. They have vested and unvested stock options for at least 120,000 shares of Serious Materials (a company her office regulates and that she may profit from).
Ok.
You got me curious.
"But neverless…yo point be well taken! When you ain't lookin', we takes all yo points."
Now how exactly should I enterpret and decipher that? I have lost my Ovaltine de-coder ring.
Why would we want to help a bank that has and is still participating in a fraud on the American people? They were counting on the false science of global warming to cash in on the U.S. taxpayers. They were looking to scam and get wealthy off us. And now they want a bailout… WTF are you kidding me? ARRRRRRRRRRGGGGGGGGGGGGGGG!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
[...] in our Shorebank series: Shorebank: A Key to Green Jobs. To read the article, please click <<<here>>>. Filed Under: Illinois government, Islam, ShoreBank, acorn, banking, media, politics. Tagged [...]
Could someone please write an article to explain why corruption is ok with democrats and big city residents in Chicago, NY, DC etc. I suspect that is has something to do with a lose of moral underpinnings provided by religion and a degradation of personal accountability which you get from the anonymity of a big city, but I'm not really sure. It seems like we have broken windows everywhere.
[...] More here: » ShoreBank: A Key To Green Jobs – Big Government [...]
If it is taxpayer financed, stop calling it a job. All this green jobs crap is why we are getting close to twenty percent of our population being jobless. & stop saying 9 point something, let's talk about the real number of citizens who can not get employment.
& the welfare extension & stimulus are only going to last through the end of the year. After the election cycle of 2010, that is when the shet really hits the fan!
Idiot…..
My little construction company was doing just fine until,…….
my payouts for a nice juicy job, that would have taken me to the next level,……
got me involved with good ol ShoreBank,….it was than 56% back than
I don't know why they keep calling this lad dumb.
The only "Green" being created, is the greenback dollars being picked from our pockets by Obama and his krewe.
Me too WWU,………..Stossel has a knack for gettin' me fired up as well.
Saw it about a month ago.
[...] View original post here: » ShoreBank: A Key To Green Jobs – Big Government [...]
It's the Obamao way
Blame it on the NEW media, ………….all this crap was always going on , behind the scenes,
but abc, cbs, & nbc didn't bother reporting on it cause they didn't 'think' we'd be interested.
Now there is no way to hide these goings on from us.
It used to be said that " you scratch my back I'll scratch yours ". With Maobama it's " If you scratch my crotch I'll kiss your ass" !!!
I shudder to think that there a more of them out there.
You and me both Ralph.
Speaking of green jobs..Take a look at this video of van jones back in July of 2008..Does it sound like to you that he almost "knew" that obama was going to be elected? I can't remember how far it is into the video but it's worth it to listen to it all anyway. Also listen to how he is predicting how the country "could" turn to the right if they don't do things "just right". He's also stating how they have to start working on the RE-election before obama is even ELECTED. Pretty odd if you ask me.
http://www.archive.org/details/Erictester-Van_Jon...
[...] here: » ShoreBank: A Key To Green Jobs – Big Government Share and [...]
I wonder how the CEO of Entergy fits in with all of this? Big time backer of Cap & Trade.
The Serious story wasn't true. They never got ANY of our tax dollars. And the tiny tax credit they may get is the smallest of 7 other window companies. Fine to go after real cheaters, but we shouldn't be making up facts that aren't true.
The company posted a reply here. Worth the one minute read.
http://blog.seriousmaterials.com/?p=1007
The owner of Serious windows has a wife that works for? Barack Obama. The windows are NOT energy efficient, and are not better than the windows made by several other companies. And exists only because of FREE Government ( taxpayer) money given to them by Obama & his Minions.
This story is about two months old, and has been ignored by the Progressive Democrat Media. 2 B known as the PDM, replacing the MSM.
Do Not Buy GM Do Not Buy GE Do Not Buy These Friggin Windows! And You can Shove Those Light Bulbs You Know Where! FBO
[...] the rest here: » ShoreBank: A Key To Green Jobs – Big Government Share and [...]
Everything connected with the Liberals are fraudulent or down right
criminal…ACORN, SEIU, Shorebank etc..They even gave us a
president that is nothing but a joke and a fraud!!.
Walter Cronkite was as far left as you can get …people were just not aware of his political affiliation while he was on the air…and he was NOT always fair in his reporting!
Mac Daddy now take it easy there that make you Racist dude you know what i mean ? it chicago style with Afirican American gangster instead italian and irish
Shoo nuff, MoFo!
the left has the biggest majority since what, the 1970's? THE MAJORITY OF THE U. S. BELIEVES IN GLOBAL WARMING. WHERE DO YOU LIVE, IN A CAVE?
hey look, idon't like the gov't giving money to the banks. but if they didn't milllions and millions of people would of lost their money for no good reasons.
and weather you believe man is warming the earth or not the fact remains THE ICE CAPS ARE MELTING!!!!!!!!!!!1!!!!
The ShoreBank Welfare Program is Global, (not unlike SEIU/ACORN), Population Control/Family Planning Clinics another – at least one undercover is a socalled University called BRAC…overseen by UN NGO's. ShoreBank is similar to a MacDonald Franchise except one is for profit (hence their vilification) and ShoreBank the nonprofit. Rational Capitalism vs Social/Marxist Capitalism. Sustainable Development is their guise using the poor as their cover. One wonders whose getting rich? Their massive fraud failed to get them dollars at Copenhagen thus the push for Commiecare for our tax money. The unelected, law-making, EU bureacracy is a wing of the UN they're ahead of us but not by much. I was happy to hear Glenn Beck talking about the Conservation Scam. They're been hounding our farmers, loggers, fishermen, etc., off their land, under many activist schemes for decades, and herding them into urbania. They're rewilding the land to "protect" nature aka confiscate our water, precious metals, oil, and food supply. Their plans for us are godless and must be stopped. The only way to do it is to cut off the money spiggot.
Wake up jeff the word is out. I guess the only who doesn't know its a scam is you..lol. You are also wrong about the left having a majority. 75 % of the American people don't want forced heath care. I think before you start spouting some gibberish you should research areas outside of moms basement.
Is it me or are the trolls just getting dumber by the week?
And again I say your an idiot.
Not too sure how I found this blog but glad I did find it. Think I was looking for something else on yahoo. Don’t know I agree 100% with what you say, but have bookmaked and will come back to read to see if you add any more posts. Good blog
It would get me fired up too if there was any truth to it. I would like to see the performance stats for any other American window manufacturer that meet or beat Serious. I sell several brands, in fact all of the names mentioned by John Stossel and none of them have performance close to Serious. It would be nice if the American public would react to facts not hype. I recommend doing your homework before you so readily jump on the media band wagon.
Maybe you should actually look at the performance data for various windows before you post this inaccurate information. There is not an American window made that can compete with Serious on performance alone. It would sure be nice if people didn't buy in to media hype so readily. I happen to sell multiple window brands Seroius included and I know for a fact that they by far exceed the performance of all other American made windows on the market today.
Maybe this is being ignored because there is no truth to it? Why wouldn't we support the company that makes the most efficient window? Why is this such a bad thing? I guess if you happy with the status quo (window u-vaulue of .29), I would prefer us to support new technology (window u-value .11 by Serious). Why don't you at least post facts instead of regurgitating political media hype.
I recently started creating my own solar panels – I used some video guides I found and it’s working out wonderful!
[...] As the Central Illinois 912 Project has addressed previously on BigGovernment.com, Shorebank is a community bank based out of Chicago that is engaged in microfinancing – a hybrid of capitalism and social justice. They have been supported and promoted by individuals like Van Jones, President Obama, President Clinton, and Secretary Clinton. They have also become heavily involved in the financing of green projects (see here and here). [...]
[...] Shorebank: A Key to Green Jobs [...]
[...] As the Central Illinois 912 Project has addressed previously on BigGovernment.com, Shorebank is a community bank based out of Chicago that is engaged in microfinancing – a hybrid of capitalism and social justice. They have been supported and promoted by individuals like Van Jones, President Obama, President Clinton, and Secretary Clinton. They have also become heavily involved in the financing of green projects (see here and here). [...]
hey I like the post. Found this from doing a google search. Ive been looking for this sort of thing for a while. This info will come in handy to me. I will check back soon to search the rest of your blog. thanks
Fantastic article. You have a decent writing style. All the best.
[...] than Jarrett’s involvement, the Obama Administration also loves ShoreBank because the bank has been financing green building projects in the Windy City for years. One of [...]
[...] connections to the White House and Capitol Hill, as well as to the green jobs movement, have been documented here at BigGovernment.com. Yesterday, Angela Caputo of Chicago Now [...]
[...] connections to the White House and Capitol Hill, as well as to the green jobs movement, have been documented here at BigGovernment.com. Yesterday, Angela Caputo of Chicago Now [...]
[...] connections to the White House and Capitol Hill, as well as to the green jobs movement, have been documented here at BigGovernment.com. Yesterday, Angela Caputo of Chicago Now [...]
[...] 2005, then Governor Rod Blagojevich announced a $10 million dollar home ownership program to revitalize homes on Chicago’s south and west sides, which was to be administered by Shore [...]
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