A Union-Hating Billionaire Bankster Will Develop Trade Agreements that Affect All

[Octafish]

20. More than one term in the Senate? Community Organize in the South Side?

There must be lots of opportunities for picking up skills and making important contacts.

Penny Pritzker, Barack Obama’s ‘Fairy Godmother’

Posted by Alexander Reed Kelly, TruthDig
Posted on May 4, 2013

Obama was an inconsequential lawmaker in the Illinois Senate when his future pick to be U.S. secretary of Commerce introduced him to titans of the finance industry and raised three-quarters of a billion dollars toward his presidential election, investigative reporter Greg Palast tells us.

As Truthdig wrote this week, Pritzker is worth more than $1.8 billion and has held leadership positions in the Hyatt Hotels Corp. and the now-defunct Chicago-based Superior Bank. Her vast fortune affords her “a heavy magic wand in the world of politics,” Palast writes, an instrument that “would have been heavier ... except that in 2001, the federal government fined her and her family $460 million for the predatory, deceitful, racist tactics and practices of Superior.”

At the time of its collapse, Superior was the costliest bank failure ever and “the first of the deregulated go-go-banks to go bust.” Taxpayers lost nearly half a billion dollars. Depositors lost millions and many poor residents of state Sen. Obama’s South Side of Chicago lost their homes.

SNIP...

In return for Rubin’s help raising campaign money from the major banks, Obama agreed to appoint Larry Summers and Timothy Geithner to the highest economic appointments in his Cabinet, Palast notes. All three of these men had played an executive role in creating the deregulated banking industry that brought the U.S. economy to its knees in 2008.

CONTINUED...

www.truthdig.com/eartotheground/item/penny_pritzker_barack_obamas_fairy_godmother_20130504/

IMO, we may need someone with a different set of skills. I do know we need people with Integrity. That quality, one can't buy.