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"Too Big to Jail?" - 113th Congress has Rec'd $17M from Top 9 Bank PACs PDF Print E-mail
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Written by Pamela Behrsin   
Wednesday, 03 April 2013 10:02

April 3, 2013—Attorney General Eric Holder recently told the Senate Judiciary Committee that the size of big banks has “an inhibiting influence” on the government’s ability to prosecute their criminal activity. “I am concerned that the size of some of these institutions becomes so large that it does become difficult for us to prosecute them when we are hit with indications that if you do prosecute, if you do bring a criminal charge, it will have a negative impact on the national economy, perhaps even the world economy," he said.

It’s unclear just how big a bank has to be to be considered un-prosecutable, but HSBC’s recent settlement for enabling drug cartels and rogue states to launder money suggests that even they, the ninth largest U.S. bank by assets and many times smaller than the biggest banks, are too big to prosecute. By facilitating deregulation (Gramm-Leach-Biley Act), bailing out insolvent institutions (TARP) and voting against limits on bank size, Congress has allowed these banks to grow as big as they currently are.

Data: MapLight has analyzed reported campaign contributions from the political action commitees (PACs) of the nine largest banks, by total assets, to current members of Congress since Jan. 1, 2003.

  • In total, the PACs of the top 9 banks have given $17,019,505 to current members of the 113th Congress.
  • Bank of America has given the most, at $3,381,157.
  • HSBC has given $1,141,211.
  • House member Spencer Bachus* has received $399,500 from the PACs of the top 9 banks, more than any other current member of Congress. Bachus is also the top recipient of money from HSBC, with $34,000 in contributions.

To download a spreadsheet of this data, click here.

*Spencer Bachus is the Chairman Emeritus of the House Committee on Financial Services.

Methodology: MapLight analysis of campaign contributions from the political action committees of the nine largest banks, by total assets, to current members of Congress since Jan. 1, 2003, based on latest available data from FEC as of 4/1/2013.

A link to this report can be found here.

 
Press release from Unity Church of Christianity Moline PDF Print E-mail
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Written by Susie Qru   
Wednesday, 03 April 2013 09:57
The Reverend Dean Van Wie is leaving after 13 years of service to Unity Church of Christianity in Moline, Ill. His final service will be April 28 at 10:30 A.M. Following the service there will be an open house at the church. Everyone is invited to attend, The church is located at 5102 47th Ave, Moline, Ill.

 
Rock Island County Fair Queen Pageants Open for Enrollment PDF Print E-mail
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Written by Shauna Learn   
Wednesday, 03 April 2013 09:53

EAST MOLINE, Ill. (April 2, 2013)—The Rock Island County Fair Board is pleased to announce that enrollment is now open for the Little Miss, Junior Miss, and Miss Rock Island County Fair Queen Pageants.


Contestants who meet the following age requirements and reside, attend school in, or were born in Rock Island County are eligible.


Little Miss: Girls currently in first, second, or third grades are eligible to compete. The competition will consist of an interview, party dress modeling, and onstage questions.


Junior Miss: Young women currently in sixth, seventh, or eighth grades are eligible to compete. Contestants will have a 30-second speech, three-minute interview, evening gown modeling, and they will answer questions onstage. This pageant is new this year!


Miss: Women ages 16-21 (may not have reached her 22nd birthday by January 1, 2014) are eligible to compete. They will compete in speech (one minute), a four-minute interview, swimsuit, evening gown, and they will answer onstage questions.


Applications are available on the Rock Island County Fair website (rockislandfair.com) or you can contact director Shauna Learn for more information at This e-mail address is being protected from spambots. You need JavaScript enabled to view it . Enrollment is now through Friday, May 10.

 
Quad Cities Man Sentenced to 30 Years Imprisonment for Armed Bank Robbery PDF Print E-mail
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Written by Val Quast   
Tuesday, 02 April 2013 14:41
DAVENPORT, IA – On April 1, 2013, Eric Martin, age 35, was sentenced to 30 years imprisonment for armed bank robbery, possessing a firearm in furtherance of a crime of violence, and being a felon in possession of a firearm, announced United States Attorney Nicholas A. Klinefeldt. United States District Judge Stephanie M. Rose also sentenced Martin to five years supervised release and ordered Martin to pay $53,369 in restitution to the victim banks.

On April 23, 2012, at approximately 9:30 a.m. Martin entered the Hills Bank and Trust of Iowa City, wearing a mask, and armed with a loaded black, semi-automatic Jiminez Arms 9mm handgun. Martin pointed the gun at the tellers, demanded money from the teller drawers, and took approximately $23,295.00. Martin then fled on a motorized dirt bike, and led law enforcement on a lengthy vehicle pursuit through residential neighborhoods, where he was apprehended with the stolen money and the firearm. During the six months leading up to the
robbery, Martin had also robbed the U.S. Bank and the Midwest One Bank in Iowa City in similar fashion.

This case was investigated by the Federal Bureau of Investigation, and was prosecuted by the United States Attorney’s Office for the Southern District of Iowa.

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Quad Cities Area Man Sentenced to 6 Months Imprisonment and 6 Months Home Confinement for Preparing False Appraisals PDF Print E-mail
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Written by Val Quast   
Tuesday, 02 April 2013 14:39
DAVENPORT, IA – On April 1, 2013, Michael Saad, age 49, was sentenced to 6 months imprisonment followed by 6 months home confinement for willfully overvaluing property for the purpose of influencing a federally insured credit union, announced United States Attorney Nicholas A. Klinefeldt. United States District Judge Stephanie M. Rose also sentenced Saad to two years supervised release, and ordered Saad to pay $131,575.06 in restitution to Deere Harvester Credit Union.

Beginning in April 2007 and continuing until December 2007 Saad knowingly inflated the values of properties that he appraised in an effort to justify higher mortgage loans for borrowers. Saad misrepresented the square footage, age, number of bedrooms, number of bathrooms, and other information associated with the subject properties, and the comparable properties listed in his appraisals.

This case was investigated by the Federal Bureau of Investigation and was prosecuted by the United States Attorney’s Office for the Southern District of Iowa.

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