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Fri Feb 8, 2013, 12:33 PM

Obama to nominate union-busting, sub-prime loanshark billionaire brat Penny Pritzker for Commerce

http://thehill.com/blogs/blog-briefing-room/news/281575-report-obama-close-to-nominating-billionaire-businesswoman-pritzker-for-commerce-secretary

About Penny Pritzker:



http://firedoglake.com/2009/05/07/poor-little-rich-girl-penny-pritzger-opposes-employee-free-choice/

Penny Pritzker, the finance chair of the Obama campaign who is now a member of his Economic Recovery Advisory Board, has a somewhat different opinion on the Employee Free Choice Act than the President does.

She is joining together with other billionaires to fight the bill, which would "make it easier for unions to organize hotels they own." She has "told the president she is opposed to the measure, known as card check, said a person familiar with the situation."

(note: Pritzker might have played a key role in the legislation failing to get passed, as Obama stayed on the sidelines and refused to push hard for the bill)

snip

Pardon me for a moment here while I compose myself. I always get choked up when rich and important captains of industry take time from their busy schedules to think about the little people.

Workers at the Pritzkers’ Hyatt Regency in Santa Clara, California, initiated an organizing drive last year. Managers called meetings and told employees that joining a union could cost wages and benefits, said Rigoberto Gutierrez, 55, who has worked in room service there for 12 years.

“They tried to scare us,” he said. “They told us we could lose everything.”


Mr. Guitierrez probably just doesn’t understand that when a self-made woman like Penny Pritzker — who owes her fortune to inherited family wealth hard work and business savvy — wants to give him the benefit of her experience, he ought to be just a bit more grateful.

And what a superb history of business acumen Pritzker has demonstrated, particularly at Superior Bank:

Under Ms. Pritzker’s chairmanship, the bank "embarked on a business strategy of significant growth into subprime home mortgages," according to a 2002 report by the United States Treasury Department.


Its subsequent seizure by the FDIC was "one of the costliest savings and loan failures in a decade," said the New York Times. Details, details:

For years, Superior reported healthy profits and paid nearly $200 million in dividends to its owners. But the profits came through "flawed" accounting, while the dividends were made "without regard to the deteriorating" condition of Superior, according to a 2002 report by the FDIC. Several months after Superior’s collapse, the Pritzkers, without admitting wrongdoing, agreed to pay $100 million to the FDIC immediately and another $360 million over 15 years. Some of that money has been going to reimburse depositors.

21 replies, 2063 views

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Reply Obama to nominate union-busting, sub-prime loanshark billionaire brat Penny Pritzker for Commerce (Original post)
brentspeak Feb 2013 OP
Angry Dragon Feb 2013 #1
Scuba Feb 2013 #7
beachgirl2365 Feb 2013 #20
L0oniX Feb 2013 #2
librechik Feb 2013 #3
bvar22 Feb 2013 #8
Lionessa Feb 2013 #16
Autumn Feb 2013 #4
quinnox Feb 2013 #5
Demo_Chris Feb 2013 #9
Junkdrawer Feb 2013 #12
Lionessa Feb 2013 #17
monmouth3 Feb 2013 #6
Dustlawyer Feb 2013 #10
BluegrassDem Feb 2013 #11
Comrade Grumpy Feb 2013 #13
Ed Suspicious Feb 2013 #15
Autumn Feb 2013 #19
Initech Feb 2013 #14
Smilo Feb 2013 #18
rhett o rick Feb 2013 #21

Response to brentspeak (Original post)

Fri Feb 8, 2013, 12:41 PM

1. I am continually dismayed by the people President Obama has chosen

to lead the agencies of this country

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Response to Angry Dragon (Reply #1)

Fri Feb 8, 2013, 01:33 PM

7. "Dismayed" doesn't quite describe my reaction to yet another non-Progressive appointment.

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Response to Scuba (Reply #7)

Fri Feb 8, 2013, 03:36 PM

20. Sell out comes to mind

 

............. his true colors are showing............... I used to be a supporter, but everyday his actions, or in-actions as the case may be, give me serious pause...... just lining his own bed when he is finally out of office............

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Response to brentspeak (Original post)

Fri Feb 8, 2013, 12:41 PM

2. Q the Obama can do no wrong gang.

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Response to brentspeak (Original post)

Fri Feb 8, 2013, 12:43 PM

3. more Obama cluelessness?

or more god damn it the Repubs won't let any of my nominations through, I'm going to fake them out with somebody they'll have to love, like Hagel! crap?

sigh

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Response to librechik (Reply #3)

Fri Feb 8, 2013, 01:38 PM

8. Clueless?

I don't think so.

Weak?
This President was just re-elected with a Mandate from the Working Class
to change things.

Business as Usual?
You decide.




You will know them by their WORKS,
not by their rhetoric, promises, or excuses.
Solidarity99!
--------------------------------------------------------------------------------------------------------------------------------

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Response to bvar22 (Reply #8)

Fri Feb 8, 2013, 03:25 PM

16. That vote count was more a reflection of how bad Rmoney was as opposed to any

 

real belief by informed, astute citizen that Obama was "good" or was going to do anything other than he has so far which is to help his corporate overlords. In doing so, he will do less damage to the rest of us than Rmoney would have done, and a lot of people saw that Rmoney would be worse and chose the lesser of evils, not what you're trying to imply which would be that Obama was a "good" choice. He isn't, he's just not as bad or as bought by corps as the other guy was.

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Response to brentspeak (Original post)

Fri Feb 8, 2013, 12:48 PM

4. I haven't heard anything of her, but she sounds like a typical winner

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Response to brentspeak (Original post)

Fri Feb 8, 2013, 12:53 PM

5. I hope this is not the case, jeez, WTF has gotten into Obama?

 

I'm starting to think we should brace ourselves or somethin', not liking the latest developments.

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Response to quinnox (Reply #5)

Fri Feb 8, 2013, 02:29 PM

9. He's always been this way

 

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Response to quinnox (Reply #5)

Fri Feb 8, 2013, 03:07 PM

12. I had hoped that Election Year Obama would hang around at least for the State of the Union...

If wishes were horses....

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Response to Junkdrawer (Reply #12)

Fri Feb 8, 2013, 03:27 PM

17. beggars would ride. ^^^ what he/she said.

 

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Response to brentspeak (Original post)

Fri Feb 8, 2013, 12:53 PM

6. I signed a petition for Obama to not nominate her. I think maybe Omaha Steve has it...n/t

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Response to brentspeak (Original post)

Fri Feb 8, 2013, 02:58 PM

10. I am so damn tired of him throwing us a bone, then zapping us with a shock collar!

Almost all of our (not) politicians are screwing us over in favor of the uber wealthy and corporations.
We need complete campaign finance reform so maybe then they will stay OUR politicians!

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Response to brentspeak (Original post)

Fri Feb 8, 2013, 03:04 PM

11. Who gives a rat's ass about the Commerce Dept?

It's a useless agency. It's nothing but a fluff job the president's friends usually. It's just a position to promote American business. It really has no practically on my life and I really have no time to be outraged. Please give me some other reason to be outraged about Obama on, cause this isn't it.

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Response to BluegrassDem (Reply #11)

Fri Feb 8, 2013, 03:11 PM

13. Tell us about it when your job get outsourced.

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Response to BluegrassDem (Reply #11)

Fri Feb 8, 2013, 03:12 PM

15. Drones killing Americans. Rage on.

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Response to BluegrassDem (Reply #11)

Fri Feb 8, 2013, 03:34 PM

19. Just a padding on the resume huh?

Or maybe just a stepping stone.

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Response to brentspeak (Original post)

Fri Feb 8, 2013, 03:11 PM

14. More billionaire criminals buying their way into power. Enough already!!

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Response to brentspeak (Original post)

Fri Feb 8, 2013, 03:33 PM

18. Could someone get

Obama in a room and ask him just what the hell he is playing at.

Obama needs to realize that for he received votes because people were scared of Romney, not that they thought Obama was doing a good job.

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Response to Smilo (Reply #18)

Fri Feb 8, 2013, 04:17 PM

21. He has already been elected. He doesnt care why you voted for him. nm

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