[TArcher]

She's also a pretty successful businesswoman. She founded a real-estate firm, a Hyatt subsidiary, was co-founder of The Parking Spot in 1998, was Chairman of the Board of Transunion Credit for a number of years, and founded a private investment firm a couple of years ago. She also ran a bank that got into the sub-prime market while she was chairman and which later went under when the sub-prime fiasco broke.

 

Pritkzer?

   

 

" Uhhhh, that's not ours either! "

---Weiner, Obama, Perry, Pelosi, Frank, Pritzker and Associates, LLLP.

 

 

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...

 

That Pritzker?

FAIL

[0.E.O]

I'm not really sure what your point is. If it's that she's a big-time supporer of Obama then nobody could possibly deny that. If your point is that Alliance Bank failed primarily because of the sub-prime lending then nobody denies that either, but they certaibly weren't alone on that. Merril Lynch, Bear Stearns, AIG, Washington Mutual, Chase, Bank of America, the list is endless. And a lot of that leadership supported Democrats and Republicans as well. I would also correct your post in one area. Alliance actually got into the sub-prime market in 1993, not 2000. But Pritzker was chairman only till 1994 so she was gone when the SHTF.

Now as for the rest, are you denying that Pritzker, The Parking Spot, Transunion Credit, and PSP Partners are all successful businesses?

The point is that yeah, she got the cabinet spot in no small part as a reward for supporting Obama. But the claim that she's nothing but a fundraiser for him is wrong. She's made quite a fortune in her own right through being a successful businesswoman, and is just as qualified to be Commerce Secretary as most of the other people who have held the post.