This Penny...
When it began, “subprime lending” wasn’t a term in common usage, let alone understood outside financial circles. One of its late 1990s originators was Obama campaign finance chairperson Penny Pritzker when she served on the Board of the failed family-owned Hinsdale, IL Superior Bank. It cost the FDIC $700 million and depositors another $65 million, while Pritzker made millions on predatory lending now called “subprime” mortgage schemes.
Barak Obama’s personal friend and economic advisor Penny Pritzker runs Transunion Corp the largest of three credit reporting bureaus in America. In theory she has at her disposal the credit scores of every citizen in the America, and given the corruption on Wall Street today can America afford to have Pritzker sitting at an Obama’s economic table.