A LITTLE HISTORY

"Inouye helped create the bank in 1954 and reported ownership of shares valued between $350,000 and $700,000 in 2007, the Post reported Wednesday."

CPB got TARP money after Inouye call

"The Post said the bank was an “unlikely candidate” for the federal money and that the Federal Deposit Insurance Corp. had already decided that Central Pacific didn’t meet its criteria for the infusion of so-called TARP funds."

 http://www.bizjournals.com/pacific/stories/2009/06/29/daily27.html

CPB bailout to cost taxpayers millions http://www.staradvertiser.com/business/businessnews/20110617_cpbbailout_to_cost_taxpayers_millions.html





A LITTLE ASIDE


Report details Maxine Waters ethics case debacle


http://www.politico.com/news/stories/0912/81665.html

"The Ethics Committee’s probe of the California congresswoman’s dealings with a minority-owned bank in which her husband held stock dragged on 38 months and consumed probably millions in legal fees — far more than the roughly $350,000 investment that Waters’s husband, Sidney Williams, was in danger of losing if OneUnited Bank collapsed during the 2008 U.S. financial crisis.

In the end, Waters emerged unscathed. The only person found to have committed any wrongdoing was her top aide."

Read more: http://www.politico.com/news/stories/0912/81665.html#ixzz3gTLpwSeZ





2014>TARP Fraud or Bad Luck?

A list of some of those banks and what they still owe: Central Pacific Financial Hawaii        $60   million (Central Pacific Bank)
http://www.mahanyertl.com/mahanyertl/2014/tarp-fraud-list/