5 Banks that JSP Investments did business with went Bankrupt all at one time as they were owned by one family. These banks are located in IL.
The above banks were injected with funds from the United States Government in a "loss share" agreement to "clean up" any bad loans from the previous bankrupt bank. Unfortunately not just bad loans were victim to this "cleansing", but also business accounts of size that money could be made from the United States Government Loss Share agreement. 2.1 Million dollars over and above the loans owing were paid out to the Clinton bank Alone in profit.
PS: JSP Properties fought against 5 banks and the Absolute Power of the United States Government for and in behalf of all of the very faithful clients that we had living the american dream buying their homes. The collapse of JSP was not due to a JSP Default, but yet due to a business decision made by a financial institution backed by the US Government. Destroying 126 lives plus mine profited this institution 2.1 Million dollars. This is the way big business works. No it's not fair but it is what it is.
Power corrupts, Absolute power corrupts absolutely.