Napolitano, Pritzker: Obama's Cabinet?

Regading Penny Pritzker, The American Spectator recalls the

"2001 failure of Superior Bank, right in Senator Obama's Chicago hometown. Superior Bank, a part of the $15 billion, 1,500-company "Pritzker Family Business Unit" as testified under oath by Glen Miller, a key manager of the "FBU," was the biggest bank failure of the early 2000s, losing hundreds of millions of dollars.

Superior Bank failed because of the same problem that is bringing down all the banks now: subprime loans. Who got the bank into those loans? Obama's own finance chair, Penny Pritzker. Sworn deposition testimony puts Penny Pritzker not only on the board of the bank and its holding company, Coast, but personally leading the meeting to persuade regulators to let the bank into the subprime market.

You have Enron-style accounting that hid the real asset values, two disgraced bank executives under her supervision whom the government forced out of the banking industry with official cease-and-desist orders, a Department of Justice Expert Report placing the blame squarely on the executives and owners, and the Pritzkers agreeing to pay $460 million over 15 years to escape government lawsuits and sanctions. "

All in all, Pritzker is an apt choice for Obama to make.

The problem that I have with Penny Pritzker is her absolute failure to help the little people who deposited money in Superior Bank.
She and family made billions but they allow little guy to lose thousands!
If this is the type of "Change" we are going to see, we do not need it.

"Change you can believe in"--stop with the demonization of sub-prime loans.
These loans served a purpose.
Anything coming out of the Bush Department of (in)Justice is clearly tainted.
Wake up.
Meanwhile, we can't let GM go down, but must boot the bums out of management offices that put the company in that position.
Maybe if people had JOBS the bank and the 'sub-prime' wouldn't have been a problem.
http://www.youtube.com/watch?
v=wSZtS7vSpOg

Governor Napolitano is a scary choice to lead homeland security. If it wasn't for Sheriff Arapaio the state would be an open faucet of illegal immigrants into our country. Arizona consistantly is in the top 5 in crime rates in the country. It is usually number 1 or 2 in car thefts, and I believe it is now number one in kidnappings. In 2004 it was 2nd only to Washington DC in overall crime rate per 100,000 persons. She was not the supporter of border security she may claim to be. Look at her record for the vetos.

For more info about Penny Pritzker's role in the 2001 Superior Bank S&L/Subprime Mortgage Lending Scandal, see the following link:

http://bfeldman68.blogspot.com/2008/10/obama-campaigns-pritzkersuperior-bank.html

Also there was a good article about Pritzker's role in Superior Bank scandal in the November 8, 2002 issue of In These Times.

Well, BobF==guess what that article left out? That all this was only possible because Glass Steagall was repealed.

All Janet Napolitano would have to do as Secretary of DHS is install cameras everywhere and have them monitored by for-profit foreign-owned companies.

Mission Accomplished!

Our security and safety would be ensured:

http://veilguy.blogspot.com/2008/11/napolitano-head-of-homeland-security.html

STH

Yes, Gov. Napolitano is a scary choice. When Gov. Napolitano will not even take seriously the accusations that one of her staff has acted unethically and violated the civil rights of one of Arizona’s citizens, how can we expect her to take seriously the rights of U.S. citizens? When Gov. Napolitano chooses to ignore these accusations and protect her own house by not even responding to the evidence presented, how can we expect her to act fairly as Homeland Security Czar? The answer is, we cannot.