"ALL CAPS IN DEFENSE OF LIBERTY IS NO VICE."

Saturday, September 20, 2008

SUB-PRIME SLIME: OBAMA AND PRITZKER

A CENTRAL FIGURE IN OUR CURRENT FINANCIAL FIASCO IS OBAMA'S FINANCE CHAIRPERSON - AND THE LEFT-WING KNOWS THIS:

FROM LEFT-LEANING CONSORTIUM NEWS - VIA THE LEFT-WING HUFFINGTON POST - 2/28/08:
Barack Obama has slammed the banking industry for its predatory use of sub-prime mortgages, which are pushing millions of American homeowners toward foreclosure.

But his campaign's Finance Chair, Penny Pritzker, owned a failed Chicago thrift that helped pioneer sub-prime financial instruments and faced accusations of abuse.


Superior Bank of Chicago went belly up in 2001 with over $1 billion in insured and uninsured deposits. This collapse came amid harsh criticism of how Superior's owners promoted sub-prime home mortgages. As part of a settlement, the owners paid $100 million and agreed to pay another $335 million over 15 years at no interest...

But this seven-year-old bank failure has relevance in another way today, since the chair of Superior’s board for five years was Penny Pritzker, a member of one of America’s richest families and the current Finance Chair for the presidential campaign of Barack Obama, the same candidate who has lashed out against predatory lending.

Though Superior Bank collapsed years before the current sub-prime turmoil that is rocking the world’s financial markets – and pushing those millions of homeowners toward foreclosure – some banking experts say the Pritzkers and Superior hold a special place in the history of the sub-prime fiasco.

“The [sub-prime] financial engineering that created the Wall Street meltdown was developed by the Pritzkers and Ernst and Young, working with Merrill Lynch to sell bonds securitized by sub-prime mortgages,” Timothy J. Anderson, a whistleblower on financial and bank fraud, told me in an interview.

“The sub-prime mortgages,” Anderson said, “were provided to Merrill Lynch, by a nation-wide Pritzker origination system, using Superior as the cash cow, with many millions in FDIC insured deposits. Superior’s owners were to sub-prime lending, what Michael Milken was to junk bonds.”

In other words, if you traced today’s sub-prime crisis back to its origins, you would come upon the role of the Pritzkers and Superior Bank of Chicago.
HOW WE GOT HERE: OBAMA AND THE SLEAZY CHICAGO CROOKS HAVE LONG BEEN IN BED WITH THE CLINTON SLIME RUNNING FANNIE MAE AND THE DEMOCRATS THEY OWN IN CONGRESS.

AND THAT'S WHO GOT US HERE. THEY MADE THIS MESS.
  • Repeat: "Superior’s owners were to sub-prime lending, what Michael Milken was to junk bonds.” In other words, if you traced today’s sub-prime crisis back to its origins, you would come upon the role of the Pritzkers and Superior Bank of Chicago."
  • Repeat: "Superior’s owners were to sub-prime lending, what Michael Milken was to junk bonds.”In other words, if you traced today’s sub-prime crisis back to its origins, you would come upon the role of the Pritzkers and Superior Bank of Chicago."
  • Repeat: "Superior’s owners were to sub-prime lending, what Michael Milken was to junk bonds.”In other words, if you traced today’s sub-prime crisis back to its origins, you would come upon the role of the Pritzkers and Superior Bank of Chicago."
VOTE ACCORDINGLY.

9 comments:

Jim Rose said...

Relia, you might find interesting the comments I'm getting from a proud liberal on this subject.

http://www.jim-rose.com/2008/09/real-culprits-in-this-meltdown.html#comments

Anonymous said...

Lacoste polo shirtschaussure nike Ugg Bootspuma CATblack ugg boots
nike max ltd
ed hardy womens

Anonymous said...
This comment has been removed by a blog administrator.
Anonymous said...

ed hardy clothing ed hardy clothesed hardy shirts ed hardy t-shirts ed hardy sunglasses ed hardy mensed hardy womens ralph lauren poloburberry polo shirtthe north face jacketcolumbia jacketspyder jacket

Anonymous said...


免費視訊聊天,辣妹視訊,視訊交友網,美女視訊,視訊交友,視訊交友90739,成人聊天室,視訊聊天室,視訊聊天,視訊聊天室,情色視訊,情人視訊網,視訊美女
一葉情貼圖片區,免費視訊聊天室,免費視訊,ut聊天室,聊天室,豆豆聊天室,尋夢園聊天室,聊天室尋夢園,影音視訊聊天室,

辣妹視訊,美女視訊,視訊交友網,視訊聊天室,視訊交友,視訊美女,免費視訊,免費視訊聊天,視訊交友90739,免費視訊聊天室,成人聊天室,視訊聊天,視訊交友aooyy
哈啦聊天室,辣妺視訊,A片,色情A片,視訊,080視訊聊天室,視訊美女34c,視訊情人高雄網,視訊交友高雄網,0204貼圖區,sex520免費影片,情色貼圖,視訊ukiss,視訊ggoo,視訊美女ggoo
080苗栗人聊天室,080中部人聊天室ut,ut影音視訊聊天室13077,視訊做愛,kk777視訊俱樂部,上班族聊天室,聊天室找一夜,情色交友,情色貼片,小瓢蟲情色論壇,aio交友愛情館

Anonymous said...

China Wholesale
wholesale from china
buy products wholesale
China Wholesalers

Anonymous said...

And chaussure nike shoes
Come here to have a look of our Wholesale Jeans
Many fashionMens Jeans ,eye-catching
Womens Jeans ,and special out standing
Blue Jeans ,you can spend less money on our
Discount Jeans but gain really fine jeans, absolutely a great bargain.
www.crazypurchase.com

Anonymous said...

There are ed hardy shirts
,pretty ed hardy shirt for men,

ed hardy womens in the ed hardy online store

designed by ed hardy ,
many cheap ed hardy shirt ,glasses,caps,trouers ed hardy shirts on sale ,

You can go to edhardyshirts.com to have a look ,you may find one of ed hardy clothing fit for you
Top qualitymen's jacket,
These cheap jacket are on sale now,you can find
north face jackets inmage on our web

Do you wannaghd hair straighteners for you own , we have many
cheap ghd hair straightenersin style and great,you can choose one from these
hair straightenersAuthentic chaussure pumachaussure sport

spyder jacket said...
This comment has been removed by a blog administrator.