Rush talked about the Pritzker family feud.
FAMILY FEUD
A sibling rivalry of the political kind
http://www.latimes.com/news/politics/la-na-trailpritzker27-2008aug27,0,3747213.story
A political rift is closing between Chicago billionaires J.B. Pritzker (for Clinton) and his sister, Penny S. Pritzker (for Obama). Now that his candidate has lost, J.B. is hosting an Obama fundraiser August 27, 2008
A primary campaign, of course, is not a civil war.
But the Hillary Rodham Clinton-Barack Obama contest did pit brother against sister.
J.B. Pritzker backed Clinton. His sister, Penny S. Pritzker, backed Obama. But this was not just any brother-sister rivalry. This was a public split between two Chicago billionaires who are among the city’s most prominent businesspeople. Now that Clinton has lost, the political rift between the heirs to the Hyatt hotel fortune is closing.
J.B., also known as Jay Robert, was a national co-chair for Clinton’s campaign, for which he figures he raised more than $1 million. Now he is calling Clinton backers in Chicago — and there were many — to an Obama fundraiser in the city.
It will be held next month at a site to be determined. He is uncertain whether Obama will be there, but he says Clinton will attend — as will his sister. ~ Dan Morain
Penny Pritzker: Obama's Campaign Finance Chair and Pioneer in Subprime Loans
Senator Barack Obama’s campaign finance chairperson, faces a potential controversy over finance chairwoman Penny Pritzker’s past association with Superior Bank, which failed and was seized by regulators in 2001.
“Billionaire Penny Pritzker (Hyatt Hotels) helped run Hinsdale, Ill.-based Superior, overseeing her family’s 50% ownership stake,” John R. Emshwiller writes for The Wall Street Journal. “She now serves as Barack Obama’s national campaign-finance chairwoman, which means her banking past could prove to be an embarrassment to her — and perhaps to the campaign.”
Superior was criticized for engaging in predatory lending, and paid out $200 million in dividends to owners throughout the 90’s based on cooked books. Seeing as Ms. Pritzker was one of those owners, that’s mighty interesting. Team Obama has released a statement saying that Ms. Pritzker herself was never accused of any wrongdoing, and that the Pritzker family paid our $460 million to help defray the cost of Superior’s collaspe.
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