Skip to comments.Obama Is The Best Friend Of The 1%
Posted on 04/15/2012 7:30:15 AM PDT by Texas Eagle
President Obama doesnt 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 chrissstreetandcompany.com ...
Billionaire business mogul Penny Pritzker is a member of one of Americas 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 Obamas presidential campaign. She was the chair of Chicago-based Superior Banks 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.
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 Superiors owners promoted sub-prime home mortgages.
It's too bad Woodward and Bernstein aren't still alive.
THEY'D get to the bottom of this.
Wall Street Responsible For One-Third Of Obama’s Campaign Funds (from July 22, 2011)
Now IM SURE all those occupy Wall Street people will go Occupy Pennsylvania Avenue!
I’d rather they occupy some Hawaiian beachfront estate in January.
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