Penny Pritzker: A Chicago Fat Cat for Commerce Secretary?

[Geee]

CNS News:

Will President Obama really nominate billionaire Chicago gal pal Penny Pritzker to head his Commerce Department? "It's a done deal," according to a White House source close to the Chicago Tribune. As further confirmation, Pritzker resigned abruptly from the Windy City's school board late last week. The crony fix seems to be in.

Taxpayers, beware. Pritzker is a deep-pocketed doyenne with a family history of dodging taxes — or siphoning them away from the public for her own family's gargantuan private gain. If you want to see how she'll oversee a $10 billion government agency, look at her own wealth redistribution record.

Most notoriously, Pritzker headed up subprime lender Superior Bank. Even after it went under in 2001 and left 1,400 mostly poor and minority customers destitute, Pritzker was pushing to expand its toxic subprime loan business. As I've reported previously, Pritzker and her family escaped accountability by forking over a discounted $460 million settlement over 15 years after the bank collapsed.