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Politics : Politics for Pros- moderated -- Ignore unavailable to you. Want to Upgrade?

To: Oral Roberts who wrote (281603)	11/21/2008 10:18:44 AM
From: DMaA	2 Recommendations Respond to of 793983

Yup, give this lady a big promotion: blogs.suntimes.com Obama's billionaire finance chair Penny Pritzker's failed bank lost money for 1,400 customers. By Lynn Sweet on April 28, 2008 12:39 PM \| Permalink \| Comments (9) BY ABDON M. PALLASCH Political Reporter/apallasch@suntimes.com White House hopeful Barack Obama talks a lot on the campaign trail about how failing banks have used subprime loans to victimize customers. "Part of the reason we got a current mortgage crisis has to do with the fact that people got suckered in to loans that they could not pay," he told a crowd in Reading, Pa., last week. "There were a lot of predatory loans that were given out, a lot of teaser rates. Banks and financial institutions making these loans were making money hand over fist." At the helm of Superior Bank was Obama's national finance chairwoman, Penny Pritzker, an heiress to the Pritzker fortune. One of the banks that went under after making a lot of subprime loans -- leaving 1,400 of its customers without part of their savings -- was Chicago's Superior Bank. At the helm of Superior Bank at least some of the time was Obama's national finance chairwoman, Penny Pritzker, an heiress to the Pritzker fortune. Or Not politico.com Pritzker turns down commerce By MIKE ALLEN \| 11/20/08 5:43 PM EST Updated: 11/20/08 5:43 PM EST Chicago businesswoman Penny Pritzker, national campaign finance chairwoman for the Obama campaign, has taken herself out of the running to be secretary of commerce, a Democratic official said. “She fears problems with her confirmation based on past business dealings,” the official said. Pritzker was featured in a flurry of news reports as a likely secretary of commerce. But senior officials repeatedly — and correctly — told Politico that was not true. Pritzker is a billionaire heiress to the Hyatt hotel fortune. Officials said she was not vetted.