Monday, July 21, 2008

Except, You Know, When They Give Him Money


Top Obama
Fundraiser Had Ties to Failed Bank. "Superior was seized in 2001 and later
closed by federal regulators. Government investigators and consumer advocates
have contended that Superior engaged in unsound financial activities and
predatory lending practices. Ms. Pritzker, a longtime friend and supporter of
Sen. Obama, served for a time as Superior's chairman, and later sat on the board
of its holding company. Sen. Obama has long criticized predatory subprime
mortgage lenders and urged strong actions against them."

Except, you know, when they give him money. More, um, piquant
treatment at Protein Wisdom. Big
quotes: "Superior’s owners were to sub-prime lending what Michael Milken was to
junk bonds." Plus, "It is a story with the potential to dwarf that of Obama’s
ex-Veep vetter, James Johnson. But it would require the media to do some legwork
to uncover whether — and to what extent — Penny Pritzker profited from the very
financial wheelings and dealings Obama condemns

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