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Obama Is The Best Friend Of The 1%
Chriss Street and Co. ^ | 4/12/12 | Chriss W. Street

Posted on 04/15/2012 7:30:15 AM PDT by Texas Eagle

President Obama doesn’t need to campaign for financial support from the highest 1% of income earners, his economic policies have already won their financial backing! During the Great Recession the top 1% sufferred a lower percentage decline in income than during the Bush Recession of 2000 to 2002. Then during the 2009 to 2010 economic expansion the top 1% captured a staggering 93% of all income gains.

(Excerpt) Read more at ...

TOPICS: Business/Economy; Government; News/Current Events; Politics/Elections
KEYWORDS: economy; obama1percent; obamafriends; rich; taxes
So THAT'S how they can afford to pay 38,000 dollars for a plate of dinner.
1 posted on 04/15/2012 7:30:18 AM PDT by Texas Eagle
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To: Texas Eagle

Follow the....


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....


...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.
" Uhhhh, that's not ours either! "
---Weiner, Obama, Perry, Pelosi, Frank, Pritzker and Associates, LLLP.
Nudge nudge nudge...

2 posted on 04/15/2012 8:09:14 AM PDT by LomanBill (Animals! The DemocRats blew up the windmill with an Acorn!)
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To: LomanBill
Thanx for the assist.

It's too bad Woodward and Bernstein aren't still alive.

THEY'D get to the bottom of this.

3 posted on 04/15/2012 8:13:55 AM PDT by Texas Eagle (If it wasn't for double-standards, Liberals would have no standards at all -- Texas Eagle)
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To: Texas Eagle

Wall Street Responsible For One-Third Of Obama’s Campaign Funds (from July 22, 2011)

Now I’M SURE all those “occupy Wall Street” people will go Occupy Pennsylvania Avenue!

4 posted on 09/04/2012 7:52:16 AM PDT by TurboZamboni (Looting the future to bribe the present)
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To: TurboZamboni

I’d rather they occupy some Hawaiian beachfront estate in January.

5 posted on 09/04/2012 7:55:47 AM PDT by IM2MAD
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