Friday, July 24, 2009
Chicago anti gun donor family raises cash for Obama despite sub-prime past
Today's Chicago Gun Rights Examiner column examines one of President Obama's "kingmakers" who has escaped the kind of scrutiny that, say, a "polarizing figure" like Sarah Palin has suffered in the national spotlight. Penny Pritzker's family donated $1000 to the Brady Campaign in Chicago, which got me looking at them, but the rabbit hole goes deeper than that. The Pritzkers took over a huge Chicago savings and loan after it failed in 1988, got hundreds of millions of dollars from the feds to do so, and proceeded to run it into the ground by investing huge amounts into subprime loans (where have we heard this before?) By the time the bank was seized by the feds in 2001, they'd paid themselves $200 million in very questionable dividends and the depositors were left holding the bag (except for their first $100,000 in losses, which you and I paid in federal taxes.)
Then Penny Pritzker became Barack Obama's National Fund-Raising Campaign Chair . . . . .read the whole thing and tell a friend. And don't forget to check back on Monday for more fun facts from the Brady PAC's fund-raising records!
And if you like what you read, check out my other pieces and the other Gun Rights Examiners in the widget to the left.