Subject: Billionaire Bankster Breaks Into Obama's Cabinet
Sorting out the "lesser of two evils" is getting harder and harder these days.
Carl Jarvis
----- Original Message -----From: Miriam VieniSent: Friday, May 03, 2013 9:01 AMSubject: Billionaire Bankster Breaks Into Obama's Cabinet
Palast writes: "Today, Obama has named Penny Pritzker Secretary of Commerce.
As the President says, It's a milestone: the first female fraudster to hold
that post. No longer will criminal bankers have to lobby the administration
- because now they'll have one of their own in the Cabinet."
Penny Pritzker. (photo: AP)
Billionaire Bankster Breaks Into Obama's Cabinet
By Greg Palast, Greg Palast.com
03 May 13
You made fun of me when I suggested that President Barack Obama would
nominate a confessed bank scammer, a loan-sharking mortgage predator, to his
cabinet. But thar she blows!
Today, Obama has named Penny Pritzker Secretary of Commerce. As the
President says, It's a milestone: the first female fraudster to hold that
post. No longer will criminal bankers have to lobby the administration -
because now they'll have one of their own in the Cabinet.
The following is taken from the Chapter, "Penny's from Heaven?" you'll find
in my bestseller, Billionaires & Ballot Bandits. [Get a copy, I'll sign it,
and you send it to the President.]
We never heard of this guy Barack Obama until 2004. Less than three years
before taking the presidency, he was in the Illinois state senate, a swamp
of scammers, backhanders, and party machine tools - not a stellar launch pad
for the White House. And then, one day, state Sen. Barack Obama was visited
by his fairy godmother. Her name is Penny Pritzker.
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.
Rubin opened the doors to finance industry vaults for Obama. Extraordinarily
for a Democrat, Obama in 2008 raised three times as much from bankers as his
Republican opponent.
So what did Citibank's Rubin get for showering Obama with gold? Obama agreed
to take care of Rubin's poodles, Larry Summers and Tim Geithner. They became
Obama's first cabinet picks: Summers as Economics Czar and Geithner as his
czarina, Secretary of the Treasury.
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.
So, in 2008, Summers and Geithner were put back in the saddle - Obama's
horse but Rubin's saddle.
Rubin received more than $100 million from Citigroup, the gargantuan
commercial bank/investment bank/casino created by deregulation. It is worth
a mention that Rubin's centi-million-dollar payoff went unchallenged by
Citi's new owner, the US Treasury, which had put up more than a trillion
dollars in loans and guarantees to pull Rubin's creature out of bankruptcy.
Rubin rocked, but Penny was pissed off. Pritzker had taken this state
senator/community organizer from the ghetto, made him a US Senator, then, as
Obama's campaign finance chairwoman, raised a mind-blowing three-quarters of
a billion dollars to make him president.
In return, in 2008, Obama decided to make his patron Penny the Secretary of
Commerce. But then, in November 2008, just as Obama was about to submit her
nomination to Congress, a bunch of Pritzker's victims marched on Washington.
They were not from her busted bank, but unhappy workers from the lucrative
nursing homes that her family owns through a string of complex offshore
trusts. Obama slammed the door on Penny pronto.
The Pritzker family made its billions mostly from Hyatt Hotels and Hyatt
nursing homes. Penny, on the Hyatt board of directors, is an infamously
combative anti-union apostle. UNITE HERE, the union that represents Hyatt
workers, has called for an international boycott of Hyatt hotels. In 2012,
UNITE HERE and its parent, the AFL-CIO, were crucial to Obama's winning
Ohio, Michigan and Wisconsin. So, in this last campaign, Obama had to keep
his billionairess heiress on the down-low.
Obama appeared to keep the door shut on Pritzker throughout the 2012
campaign, reducing her to hosting an election fundraiser at her Gold Coast
digs, which she had to bill as a Goldman Sachs PAC event. This marks
possibly the first time and last time anyone used Goldman Sachs as a PR
cover.
But today, with the unions' money and votes already pocketed and counted,
Obama can give working folks The Finger and give Penny her pound of flesh:
the Commerce post.
The New York Times says that, "At Commerce, Ms. Pritzker could provide the
president with a new way to reach out to the business community." The last
time Pritzker reached out to the business community was to sell them
sub-prime mortgage securities, worthless bags of financial feces
manufactured by Superior Bank.
By giving Penny, the Piggy Banker, Commerce, we have to change Obama's
rating to sub-prime.
I do note that some woman's organizations are applauding the appointment of
the first female to the Commerce post. But I prefer to honor the victims of
the Chicago femme fatale. Most of Penny's victims, busted bank borrowers and
underpaid health care workers, are women, too. But, unlike those wounded and
destroyed by Pritzker, she worked hard for her money: it was not easy
inheriting her first billion from her daddy.
Error! Hyperlink reference not valid. Error! Hyperlink reference not valid.
Penny Pritzker. (photo: AP)
http://www.gregpalast.com/billionaire-bankster-breaks-into-obamas-cabinet/ht
tp://www.gregpalast.com/billionaire-bankster-breaks-into-obamas-cabinet/
Billionaire Bankster Breaks Into Obama's Cabinet
By Greg Palast, Greg Palast.com
03 May 13
ou made fun of me when I suggested that President Barack Obama would
nominate a confessed bank scammer, a loan-sharking mortgage predator, to his
cabinet. But thar she blows!
Today, Obama has named Penny Pritzker Secretary of Commerce. As the
President says, It's a milestone: the first female fraudster to hold that
post. No longer will criminal bankers have to lobby the administration -
because now they'll have one of their own in the Cabinet.
The following is taken from the Chapter, "Penny's from Heaven?" you'll find
in my bestseller, Billionaires & Ballot Bandits. [Get a copy, I'll sign it,
and you send it to the President.]
We never heard of this guy Barack Obama until 2004. Less than three years
before taking the presidency, he was in the Illinois state senate, a swamp
of scammers, backhanders, and party machine tools - not a stellar launch pad
for the White House. And then, one day, state Sen. Barack Obama was visited
by his fairy godmother. Her name is Penny Pritzker.
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.
Rubin opened the doors to finance industry vaults for Obama. Extraordinarily
for a Democrat, Obama in 2008 raised three times as much from bankers as his
Republican opponent.
So what did Citibank's Rubin get for showering Obama with gold? Obama agreed
to take care of Rubin's poodles, Larry Summers and Tim Geithner. They became
Obama's first cabinet picks: Summers as Economics Czar and Geithner as his
czarina, Secretary of the Treasury.
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.
So, in 2008, Summers and Geithner were put back in the saddle - Obama's
horse but Rubin's saddle.
Rubin received more than $100 million from Citigroup, the gargantuan
commercial bank/investment bank/casino created by deregulation. It is worth
a mention that Rubin's centi-million-dollar payoff went unchallenged by
Citi's new owner, the US Treasury, which had put up more than a trillion
dollars in loans and guarantees to pull Rubin's creature out of bankruptcy.
Rubin rocked, but Penny was pissed off. Pritzker had taken this state
senator/community organizer from the ghetto, made him a US Senator, then, as
Obama's campaign finance chairwoman, raised a mind-blowing three-quarters of
a billion dollars to make him president.
In return, in 2008, Obama decided to make his patron Penny the Secretary of
Commerce. But then, in November 2008, just as Obama was about to submit her
nomination to Congress, a bunch of Pritzker's victims marched on Washington.
They were not from her busted bank, but unhappy workers from the lucrative
nursing homes that her family owns through a string of complex offshore
trusts. Obama slammed the door on Penny pronto.
The Pritzker family made its billions mostly from Hyatt Hotels and Hyatt
nursing homes. Penny, on the Hyatt board of directors, is an infamously
combative anti-union apostle. UNITE HERE, the union that represents Hyatt
workers, has called for an international boycott of Hyatt hotels. In 2012,
UNITE HERE and its parent, the AFL-CIO, were crucial to Obama's winning
Ohio, Michigan and Wisconsin. So, in this last campaign, Obama had to keep
his billionairess heiress on the down-low.
Obama appeared to keep the door shut on Pritzker throughout the 2012
campaign, reducing her to hosting an election fundraiser at her Gold Coast
digs, which she had to bill as a Goldman Sachs PAC event. This marks
possibly the first time and last time anyone used Goldman Sachs as a PR
cover.
But today, with the unions' money and votes already pocketed and counted,
Obama can give working folks The Finger and give Penny her pound of flesh:
the Commerce post.
The New York Times says that, "At Commerce, Ms. Pritzker could provide the
president with a new way to reach out to the business community." The last
time Pritzker reached out to the business community was to sell them
sub-prime mortgage securities, worthless bags of financial feces
manufactured by Superior Bank.
By giving Penny, the Piggy Banker, Commerce, we have to change Obama's
rating to sub-prime.
I do note that some woman's organizations are applauding the appointment of
the first female to the Commerce post. But I prefer to honor the victims of
the Chicago femme fatale. Most of Penny's victims, busted bank borrowers and
underpaid health care workers, are women, too. But, unlike those wounded and
destroyed by Pritzker, she worked hard for her money: it was not easy
inheriting her first billion from her daddy.
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