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Another Obama buddy: Beyond audacity (Digg link in comment)
Pittsburgh Tribune Review ^ | 11/3/2008

Posted on 11/03/2008 2:59:20 AM PST by markomalley

Barack Obama's audacity is a grave concern for anyone troubled by the Wall Street meltdown.

Sen. Obama continues to support Penny Pritzker -- the disgraced billionaire hotel heiress who helped sink a major bank that used subprime mortgage machinations -- as she helps fund his crusade.

Ms. Pritzker is the finance chairwoman overseeing Obama's fundraising and a "bundler" who has pledged to personally raise between $200,000 and $500,000 for him. She has contributed nearly $500,000 to Democrat candidates and political action committees since 2000, reports The Washington Times.

Pritzker, among Forbes magazine's 2008 richest Americans with a net worth of $2 billion, had run Superior Bank until she became a board member of the parent company. The Treasury Department closed Superior and its 18 branches in 2001.

The Federal Deposit Insurance Corporation found the bank's failure "was directly attributable to the bank's board of directors and executives ignoring sound risk management principles." And that it "paid dividends and other financial benefits without regard to the deteriorating financial and operating condition of Superior."

In July, Obama said he and Pritzker "share certain core values about how to run organizations, and hopefully that will inform how we manage the government."

Barack Obama must be taken at his word.

(Excerpt) Read more at pittsburghlive.com ...


TOPICS: Crime/Corruption; Politics/Elections
KEYWORDS: bank; bo; democrat; democrats; digg; economy; fdic; obama; pennypritzger; pennypritzker; pritzger; pritzker; subprimemortgages; superiorbank
Digg link here
1 posted on 11/03/2008 2:59:20 AM PST by markomalley
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To: All

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2 posted on 11/03/2008 3:01:18 AM PST by Cindy
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To: markomalley

Dugg. It is so vital that, going forward, we get (freepers”we”) with the web 2.0 program. Digg is a powerful weapon, and we must use it. The other side does. V’s wife.


3 posted on 11/03/2008 3:26:01 AM PST by ventana
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To: markomalley

Dugg it.


4 posted on 11/03/2008 5:43:27 AM PST by Pablo64 (Political Correctness is a DISEASE. <==> TRUTH is the CURE.)
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To: ventana

For the rest of my life, I pledge NEVER to stay at a Hyatt hotel.


5 posted on 11/03/2008 8:10:20 AM PST by swift15 (Not enabling the grievance industry or advancing world socialism.)
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