...First, let’s start with the Superior Bank in Chicago. That bank failed directly under the control of Penny Pritzker. She is Obama’s Campaign Finance Chairman and has been instrumental in raising millions for his campaign. The regulators closed Superior Bank in 2001 because of a vast number of sub-prime mortgage loans. She took over a failed savings and loan in 1988 and it was renamed Superior Bank. ...
...Superior Bank was very active in the sub-prime lending and no doubt, Obama knew exactly who Penny Pritzker was and her involvement in the ACORN sponsored lending practices
...Remember the name Quintin E. Primo III, as he is CEO of Capri Capital in Chicago. Capri Capital will reemerge later in this article as they have direct ties to Obama, Pritzker, and also direct ties to Rezko.
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What happened to the parking:
FROM: http://www.corruptpolitics.net/?tag=chicago-parking
... In the midst of our current financial crisis, Chicago, IL. attempting to ward off all the crisis it has has laid off a slew of their tradesmen or limited their services. This past few days snowfall and cold weather has run havoc on the people and their cars. The drivers of plows and salt trucks sent home at end of normal day and if something happens on the weekend it will have to wait till Monday.
Now for the parking! Chicago has subbed out a lease for the parking meters. A 75 year lease! It is expected that the price for a vehicle parked for an hour will go up from $.25 to up to $6.00.
Now I don’t know what the situation is with welfare at the moment but what will this increase do to all the folks working at minimum wage there at $7.75 an hour and driving downtown???
COmpletely off topic:
...snip...
Interestingly, First Hawaiian’s ownership structure leads back to Nadhmi Auchi, a former Iraqi Baathist official of Saddam Hussein’s government, who more recently financed business ventures with now-convicted-felon and Chicago political ‘fixer’ Tony Rezko creating a condition of “longstanding indebtedness” of Rezko to Auchi’s holding company. Rezko funded the political campaigns of impeached Illinois Governor Rod Blagojevich and President Barack Obama. Rezko also assisted Obama in the purchase of his Chicago mansion.
...snip...
“Founded in 1858, First Hawaiian is a unit of BancWest Corp., which is a wholly owned subsidiary of BNP Paribas, France’s largest bank by market value.....”
To put the pieces together, here are a selection of articles on Barack Obama, Rod Blagojevich, Tony Rezko, and Nadhmi Auchi, once described as BNP Paribas’ largest private shareholder:
(Links at site)
Obama’s Iraqi Oil-for-Food Connection
Iraqi Billionaire threatens reporters investigating Obama-Rezko affair
Lehman Bros: Obama’s Rezko-Auchi Conflict of Interest
Obama’s Fannie Mae/Freddie Mac connection
Mansion ‘mistake’ piles the pressure on Barack Obama
http://www.chicagonewscoop.org/abu-dhabi-shares-profits-from-parking-meters/
Abu Dhabi Shares Profits From Parking Meters
By DAN MIHALOPOULOS
December 6, 2009
When Mayor Richard M. Daley traveled to Abu Dhabi in February, his office announced that the trip was intended to sell Chicago as a place to do business. Left unsaid was that that Persian Gulf emirate was about to become one of the biggest investors in a deal to lease Chicago’s parking meters for 75 years.
The city signed the now-controversial, $1.15 billion lease with a new company called Chicago Parking Meters LLC in February, and city officials said two funds of the Morgan Stanley investment fund made up 99 percent of the new company, with “several other entities” sharing the remaining 1 percent.
In fact, a Chicago News Cooperative investigation has found that investment arms of the oil-rich Abu Dhabi government hold more than a 25 percent stake in the company that privatized the city’s 36,000 parking meters. German financial company Allianz also has a large minority interest, and the remaining 50.1 percent is held by partnerships assembled by Morgan Stanley.
(snip)