Fox Business News, please define “strong ties”

More comical attempts at “conservative journalism,” this time courtesy of Fox Business News' Charlie Gasparino, who, with some help from the Drudge Report, desperately tries to conjure up some Obama-related controversy:

Here's how Drudge hypes it:

BAILOUT OF BANK WITH OBAMA TIES RAISES EYEBROWS; CITI, GE, TAXPAYERS TO RESCUE...

And here's Gasparino's spin [emphasis added]:

Some of the nation's largest banks have agreed to contribute enough money to save Chicago-based ShoreBank, the community lender with strong ties to the Obama administration, FOX Business has learned.

What exactly constitute “strong ties” at Fox Business News? Behold:

The bailout has been controversial. Senior Obama adviser Valerie Jarrett served on a Chicago civic organization with a director of the bank, and President Obama himself has singled out the bank for praise in lending to low-income communities.

That's right, Obama has talked about the bank, and a close aide of his served with a director of the bank on an unrelated civic organization.

Nice try Charlie.