Posted on 09/19/2008 12:55:29 PM PDT by NoLibZone
The Pritzkers, one of the nation's wealthiest families and heirs to the fortune created by the Hyatt hotels, agreed today to pay a record $460 million to the federal government to avoid being punished for the failure of Superior Bank F.S.B., the big savings and loan institution that regulators seized last summer.
(Excerpt) Read more at query.nytimes.com ...
Where’s the Bush DOJ?
Does anyone remember ENRON? Lay? Skilling?
Where are the hearings?
Why do these folks get off with a FINE, and the LIBERTY to do this all over again.
Hmmm . . .two settlements in one day (this plus Haines) from prominent Hussein backers.
Running scared perhaps?
Check the date on the article.
Penny Pritzker , 49 (bio)
hotel heiress, executive
(Big time Obama supporter since at least 2002)
http://www.newsmeat.com/billionaire_political_donations/Penny_Pritzker.php
Barack Obama (D)
President
OBAMA VICTORY FUND - $28,500
Hillary Clinton (D)
President
HILLARY CLINTON FOR PRESIDENT - $4,600
primary 07/02/08
Obama’s witch doctor Pritzker’s hotel, the Hyatt, to host Iran’s Ahmadinejad
We now know why Obama has squelched the Iran protest in NYC making it practically a non-event by first forcing Hillary to pull out and then forcing the organizers to disinvite Palin. The Obama campaign is just covering for their buddy Ahmadinejad.
Where is George Bush and the DOJ? This is the largest bailout in history, and the perps ARE WALKING!!!!
I do not trust any politicians at this time.
McCain must step up now!
I know the Pritzkers to be total whack-jobs. They back-stab, they sue, they wildly manipulate. All in the course of their family Thanksgiving meal. The family from hell.
bump
New bumper sticker in my head: I’d rather hike than Hyatt
This would make a great addition to an ad. She is Obama’s kind of woman—criminal!
Read the date on the article. DECEMBER 11, 2001
Penny negotiated with the FDIC that her family would participate in a recovery of damages settled with Ernst & Young with the FDIC. The Pritzkers share was a money transfer of $31.5 million dollars while the 1400 uninsured depositors still are owed approximately $16 million dollars Fran Sweet and the estate of deceased depositors will never see all of the money, while Penny and her family got their dividend from the FDIC ahead of uninsured depositors.
Who lost money? Was it "the federal government?" If not, the $460 million belongs to those who did lose money.
1400 uninsured depositors still are owed approximately $16 million dollars
How very magnanimous.
I did....after the post. I’ll get back to my 386 and stop bothering you. Sarc.
The /S tag wasn't necessary, I picked up on that quickly.
Don’t worry, in a month or two Wash. will being throwing billions hither and thither arond the world, to various despots to put in their Swiss accts. Hey, the S&L bailout slow em down, did it?
McCain must step up now!
_________________________________
I don’t think their done yet, it would be great to lay out the rest of the greedy guilty scum in the next few days and then announce on Monday. I haven’t read the full articles, but from your comment, I assume there is no prosecution and only this fine. That stinks to high heaven, but if we need the cash in a hurry to ward off a crash, what options do they have? Committees, hearings, trials,etc. it’s a very slow process.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.