Obama Nominating Major Campaign Contributor Penny Pritzker For Commerce Secretary

[eilen]

You know her, the gal that turned the heat lamps up on the Hyatt strikers during a heat wave July 2011. Most recently serving on the close the schools board in Chicago.

Major contributor check
Billionaire check
Anti-Labor check


I guess it could be worse, he could have nominated her for Labor Secretary in the spirit of Agriculture Secretary Vilsack (Monsanto advocate).

Oh and this: President Obama will name Tom Wheeler, "former cable and wireless industry lobbyist", to head the Federal Communications Commission. "Wheeler raised more than $500,000 for Obama's re-election effort", etc.

Yay, the Democrats won. I think. It would be so different if they hadn't. People making over $400,000 would pay less taxes. Night and Day folks.

[badtoworse]

1. I'm shocked.

[Tierra_y_Libertad]

2. Politic$ a$ U$ual. This nomination will sail through the $enate without a blink.

[bunnies]

3. Im sure she was the most qualified candidate.

Poor things just misunderstood. Kinda like monsanto.

[highmindedhavi]

4. 1%

In 2011 the Forbes 400 list of America's wealthiest showed her as the 263rd richest person in the U.S., estimated net worth of US $1.7 billion,[7] and the world's 651st richest person. In 2009 Forbes named Pritzker as one of the 100 most powerful women in the world.

Career highlights

1987 - founded Classic Residence by Hyatt, now called Vi.
1991 - created Pritzker Realty Group
1991 - chairman of Superior Bank, until 1994.
1998 – co-founded The Parking Spot, the fastest growing company in off-site airport parking management,[14] with CEO Martin Nesbitt.
2005 - became Chairman of the Board, TransUnion, LLC. She served as chairman until 2012.
2010 - co-founded Artemis Real Estate Partners, a real estate investment management company, with CEO Deborah Harmon
2012 - founded PSP Capital Partners[15]

[frylock]

5. gots to pay to play

[eilen]

6. Superior Bank failed. Sub Prime Lenders aka Blood Suckers.

[link:http://www.suntimes.com/news/politics/19851174-418/penny-pritzkers-failed-superior-bank-lost-customer-savings-in-subprime-crisis.html|
Penny Pritzker’s failed Superior Bank lost customer savings in subprime crisis
STAFF REPORT May 2, 2013 7:28AM


EDITOR’S NOTE: This report originally appeared on suntimes.com in 2008, written by former Sun-Times political reporter Abdon Pallasch.

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.”

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.