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The leader of Oak Park's FBOP bank holding company--Michael Kelly--blasted US Treasury regulations for the recent failure of the Lemont Park National Bank. Did a recent Windy Citizen share re-arm this Oak Park FBOP President?
Busted Oak Park's FBOP Faults Treasury Regulations
chicagotribune.com - 2 weeks ago - 123 views
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Organizations: Comptroller of the Currency | FDIC | Treasury's Community Development Financial Institutions Fund | U.S. government | US Treasury
Companies: Citizens National Bank | Citizens National Bank Putnam | Community Bank of Lemont | FBOP Corp. | FBOP Corporation | Federal Deposit Insurance Corp. | Lemont Park National Bank | Oppenheimer & Co. | Park National Bank | Park National Bank Initiatives | U.S. Bank | US Bank National Association
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Congress wiped out the value of FBOP's Freddie Mac & Fannie Mae mortgage lender common & preferred stock shares with the nationalization. Next the US Treasury forced FBOP's sale because these assets worth as much as $800 Million were rendered nearly worthless.
Check out last weekend's Windy Citizen share & leading discussion thread comments:
http://www.windycitizen.com/chicago/business/2009/10/31/oak-park-bank-fb...
Don't let government regulations destroy a locally owned business.
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