To: Texas Eagle
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.
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 Superiors owners promoted sub-prime home mortgages.
On Nov. 1  the Federal Deposit Insurance Corp. pointed the finger at Ernst & Young, Superiors auditor, in a fraud suit filed in federal court here. But that action came two months after a group of Superior depositors accused the banks 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 Chicagos 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...
posted on 04/15/2012 8:09:14 AM PDT
(Animals! The DemocRats blew up the windmill with an Acorn!)
Thanx for the assist.
It's too bad Woodward and Bernstein aren't still alive.
THEY'D get to the bottom of this.
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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