Have you heard about Obama’s bank?
I used to think that some people went into politics because they had a burning desire to serve the public and make a positive difference in our collective lives. What was I thinking?
It made me wonder, after watching all of the press last week about the estimated $3 million wedding of the Clintons’ daughter, just how much these people have given of themselves to the service of our country. Or is it, how much they have been able to enrich themselves because of their service to themselves?
Obama is on a track to make billions if he is able to get Cap and Trade passed. How? you ask. Because he is a shareholder in a little bank called Shorebank.
This bank is positioning itself to become the clearinghouse bank for all of the carbon credits that will be traded once Cap and Trade is passed.
It is estimated that the annual trade of these will be in the neighborhood of $13 trillion. The little bank stands to make billions handling these transactions annually.
Obama is estimated to earn in the neighborhood of $8 billion by the time he is out of his first and hopefully only term in 2013.
And you thought he was just another public servant.
Peachtree City, Ga.