Obama’s Economic Team Declares No Confidence in Policies

Townhall.com ^ | June 13, 2011 | Lurita Doan

[gogogodzilla]

Don’t worry. Mr. Obama will play 18 rounds of golf and then visit the palace of Versailles (at a cost of 5.8 billion dollars), which will solve all our problems.

[Lou L]

One of Obama’s favorite adjectives seems to be “unprecedented”. What’s unprecedented is the little-reported, massive, wholesale departure of a team of economic advisors

Their departure is not so much "unprecedented," as it is "unexpected."

[Buckeye McFrog]

but gee, these policies all seemed to work so beautifully during the Spring Semester Brown-Bag Teach-In Seminars /sarc

[BuffaloJack]

> It’s hard for me to get by the grammar in the first sentence. Does Town Hall not have an editor?

You are right; half of everything I read on the internet is grammatically incorrect.

[9YearLurker]

Can you imagine the fear of being Obama’s last identifiable original economic advisor? You’d just be waiting for him to decide to loose the guillotine on you.

What this self-evacuation does is leave no one left to blame, unless he really went after his own and sacrificed Geithner (which I don’t think he’d do).

[LomanBill]

Penny Pritzker: Obama's Campaign Finance Chair and Pioneer in Subprime Loans...

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

Follow the....

http://www.campaignmoney.com/finance.asp?type=in&cycle=08&criteria=pritzker&fname=penny

 

Billionaire business mogul Penny Pritzker is a member of one of America’s richest families and was the Finance Chair for the presidential campaign of Barack Obama.  It was Pritzker that led the prolific, and illegal, fundraising that helped power Barack Obama’s presidential campaign.  She was the chair of Chicago-based Superior Bank’s board for five years.  Pritzker was into subprime lending before it became all the rage starting in around 2000.  Prtizker's chairmanship was to concentrate on sub prime lending, principally on home mortgages, but for a while in subprime auto lending, too, after the Pritzkers' bank acquired its wholesale mortgage organization division, Alliance Funding, in December 1992. Back then they called it "predatory lending." Superior Bank went belly up in 2001 with over $1 billion in insured and uninsured deposits; 1,406 depositors lost much of their life savings.  This collapse came amid harsh criticism of how Superior’s owners promoted sub-prime home mortgages. On Nov. 1 [2002] the Federal Deposit Insurance Corp. pointed the finger at Ernst & Young, Superior’s auditor, in a fraud suit filed in federal court here.  But that action came two months after a group of Superior depositors accused the bank’s owners and directors, including two members of the Pritzker family, of racketeering....

[snip]

...Pritzker is chairman of Classic Residence by Hyatt, luxury senior living communities in 11 states; chairman of The Parking Spot, which owns and operates off-airport parking facilities in nine cities; chairman of the credit data company TransUnion and chairman of Pritzker Realty.  She also sits on the board of Global Hyatt and plays a role in numerous non-profit groups, including serving as chairman of the Olympic village portion of Chicago’s bid to win the 2016 Summer Games. 

 

http://www.theobamafile.com/_associates/PennyPritzker.htm

"nudge nudge nudge"

NOT - Bush's fault.