I have a link for you today, and it is a real eye-opener.
When it comes to bank failures, nobody beats the Nobama campaign for having more perps on the payroll:
Franklin Raines - Former Fannie Mae Chairman, cooked books and took $100mil, Nobama economics, housing and banking advisor;
Jim Johnson - Former Fannie Mae AND Countrywide Chairman, cooked books TWICE and took $60mil, led Nobama's VP search;
But have you ever heard of Penelope Pritzker??? She is a true pioneer in bank failures: back from 1995-2001, back before ANY banks were failing, her Superior Bank in Illinois failed and was seized by Fed. regulators.
She was on the boards of both the bank and its holding company, and she personally led the push to convince regulators to allow her bank to go into subprimes, THEN relied on accounting tricks to overvalue their assets, THEN had her bank pay the holding company $201mil in 'dividends', all the while ignoring warnings from regulators every year about the assets being too risky. That little 'dividend' caused the bank to go insolvent after the regulators forced the bank to use the right accounting rules, and the Office of Thrift Supervision finally stepped in and seized the bank.
She was so bad at this game that her family (very rich and worth $15bil) paid a fine of $460mil to avoid the government from filing 'cease and desist' orders (essentially barring her participation in the banking industry, which is what happened to her bank's president AND CFO).
So where is this super-genius Penelope Pritzker now?? Why, she's NOBAMA'S CAMPAIGN FINANCE MANAGER!!!
Read about it here:
Obama in the Tank for Pritzker...;-))