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Previously...

Quote:

http://www.freerepublic.com/focus/f-news/2086352/posts

A Top Obama Fund-Raiser Had Ties to Failed Bank
WSJ ^ | JULY 21, 2008 | By JOHN R. EMSHWILLER
Posted on September 19, 2008 8:50:38 PM PDT by Perdogg

For the Pritzker family of Chicago, the 2001 collapse of subprime-mortgage lender Superior Bank was an embarrassing failure in a corner of their giant business empire.

Billionaire Penny Pritzker helped run Hinsdale, Ill.-based Superior, overseeing her family’s 50% ownership stake. 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 seized in 2001 and later closed by federal regulators. Government investigators and consumer advocates have contended that Superior engaged in unsound financial activities and predatory lending practices. Ms. Pritzker, a longtime friend and supporter of Sen. Obama, served for a time as Superior’s chairman, and later sat on the board of its holding company.

Sen. Obama has long criticized predatory subprime mortgage lenders and urged strong actions against them.

(Excerpt) Read more at online.wsj.com ...

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Quote:

http://www.freerepublic.com/focus/f-news/2085936/posts

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Penny Pritzker: Obama’s Campaign Finance Chair and Pioneer in Subprime Loans
Beltway Snark ^ | 7-21-08 | staff
Posted on September 19, 2008 9:33:28 AM PDT by Anti-Hillary

I’m sure this isn’t the Penny Pritzker Obama knows and all, but it sure doesn’t look good to have her around anymore.

Senator Barack Obama’s campaign 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 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.

And the wheels on the bus go ’round and ’round.

PS - Why in the world would you want to hire someone as your campaign finance chairperson who’s last job was watching people run a bank into the ground?

UPDATE:

http://freebeacon.com/tag/penny-pritzker/

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http://freebeacon.com/a-penny-earned/

“A Penny Earned

Major Obama bundler Penny Pritzker nominated for commerce secretary”

BY: Bill McMorris
May 2, 2013 12:45 pm

SNIPPET: “Leaders from the UNITE HERE hospitality union have blasted the Pritzker family for abusing thousands of employees of its Hyatt Hotel chain. Union officials also targeted Penny Pritzker specifically for the “reprehensible” business practices at her own company, TransUnion, which sells credit reports about potential employees to employers. The union claims this leads to discriminatory hiring practices.”

SNIPPET: “Pritzker dedicated the clout of her $1.85 billion net worth to President Obama’s 2008 and 2012 campaign. She soon found her way onto the President’s Jobs Council and became national co-chair of the president’s re-election campaign, which has since transformed into an outside spending group. Pritzker bundled more than $1.3 million for Obama’s presidential runs and contributed $250,000 to his 2013 inauguration.”

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http://freebeacon.com/obama-nominates-penny-pritzker-for-commerce-secretary/

“Obama Nominates Penny Pritzker for Commerce Secretary

Hyatt heiress raised more than $1.3 million for Obama’s two campaigns”

BY: Washington Free Beacon Staff
May 2, 2013 10:21 am

SNIPPET: “Pritzker is the chairman and chief executive officer of PSP Capital Partners, an investment firm, and its affiliate, Pritzker Reality Group. She has an estimated personal wealth of $1.85 billion.”

http://www.breitbart.com/Big-Government/2013/05/24/Obama-s-Commerce-Secretary-Didn-t-Report-80-Million-In-Income

“OBAMA’S COMMERCE SECRETARY DIDN’T REPORT $80 MILLION IN INCOME”

by WILLIAM BIGELOW
24 May 2013, 1:13 PM PDT

SNIPPET: “Barack Obama’s close friend and major fundraiser, Penny Pritzker, who has been nominated to be the new Secretary of Commerce, didn’t include more than $80 million in income in financial disclosures she filed last week. Pritzker, who is a billionaire, supposedly “inadvertently omitted” this tiny part of her fortune.

Her lawyer, Robert Rizzi, wrote the Commerce Department on May 21 that the money was not included in the May 15 filings that were reviewed by the U.S. Office of Government Ethics “because of a clerical error and through no fault of Ms. Pritzker.”