Schakowsky’s Newest Bank Scandal Links to Blago, Rezko, Obama
by Joel B. Pollak

Fresh from lobbying for her friends at ShoreBank, Jan Schakowsky (D-IL) is at the center of another Chicago bank scandal–this time involving the remnants of a bank with connections to convicted former Illinois governor Rod Blagojevich, convicted fraudster Tony Rezko, and Barack Obama.

Under pressure from a contributor named Balvinder Singh (who gave her $500 in 2004, $2000 in 2006, and who knows what in 2010), Schakowsky twisted arms at the United Central Bank to back away from foreclosing on Singh and on several other business owners in Chicago’s West Rogers Park neighborhood.

United Central Bank took over the failed Mutual Bank of Harvey in 2009. According to Crain’s Chicago Business, Mutual funded Barack Obama’s “boneheadedâ€