The Invisibility of U.S. Oligarchs: The Case of Penny Pritzker

[Octafish]

24. Ms. Pritzker Benefited Big Time from the Bankster Bailout...

...another one of those interesting connections that the corporate media monopoly don't want us to know. Thank goodness for Greg Palast:

Billionaire Bankster Penny Pritzker
Breaks into Obama's Cabinet

Thursday, May 2, 2013
By Greg Palast

EXCERPT...

Pritzker's net worth is listed in Forbes as $1.8 billion, which is one hell of a heavy magic wand in the world of politics. Her wand would have been heavier, and her net worth higher, except that in 2001, the federal government fined her and her family $460 million for the predatory, deceitful, racist tactics and practices of Superior, the bank-and-loan-shark operation she ran on the South Side of Chicago.

Superior was the first of the deregulated go-go banks to go bust - at the time, the costliest failure ever. US taxpayers lost nearly half a billion dollars. Superior's depositors lost millions and poor folk in Sen. Obama's South Side district lost their homes.

Penny did not like paying $460 million. No, not one bit. What she needed was someone to give her Hope and Change. She hoped someone would change the banking regulators and the Commerce Department so she could get away with this crap.

Pritzker introduced Obama, the neophyte state senator, to the Ladies Who Lunch (that's really what they call themselves) on Chicago's Gold Coast. Obama got lunch, gold and better - an introduction to Robert Rubin. Rubin is a former Secretary of the Treasury, former chairman of Goldman Sachs and former co-chairman of Citibank. Even atheists recognized Rubin as the Supreme Deity of Wall Street.

SNIP...

Geithner and Summers were the gents who, under Treasury Secretary Rubin, designed the deregulation of banking. In effect, they had decriminalized the kind of financial flim-flammery that brought the planet to its knees while bringing Rubin, Pritzker and the banksters loads of lucre.

CONTINUED...

http://www.gregpalast.com/billionaire-bankster-breaks-into-obamas-cabinet/

Remember the housing crisis all "those" people were getting tossed out of their homes in 2008?

That was Penny.