Greg Palast: Billionaire Bankster Breaks into Obama's Cabinet

[unhappycamper]

http://www.opednews.com/articles/Billionaire-Bankster-Break-by-Greg-Palast-130502-669.html



Billionaire Bankster Breaks into Obama's Cabinet
By Greg Palast
General News 5/2/2013 at 18:11:42

From Mr. Palast's book:

We never heard of this guy Barack Obama until 2004. Less than three years before taking the presidency, he was in the Illinois state senate, a swamp of scammers, backhanders, and party machine tools - not a stellar launch pad for the White House. And then, one day, state Sen. Barack Obama was visited by his fairy godmother. Her name is Penny Pritzker.

Pritzker's net worth is listed in Forbes as $1.8 billion, which is one hell of a heavy magic wand in the world of politics. Her wand would have been heavier, and her net worth higher, except that in 2001, the federal government fined her and her family $460 million for the predatory, deceitful, racist tactics and practices of Superior, the bank-and-loan-shark operation she ran on the South Side of Chicago.

Superior was the first of the deregulated go-go banks to go bust - at the time, the costliest failure ever. US taxpayers lost nearly half a billion dollars. Superior's depositors lost millions and poor folk in Sen. Obama's South Side district lost their homes.

Penny did not like paying $460 million. No, not one bit. What she needed was someone to give her Hope and Change. She hoped someone would change the banking regulators and the Commerce Department so she could get away with this crap.

[djean111]

1. Well, this is what happens when someone doesn't have to think about getting reelected. n/t

The billionaires who really run things can emerge from the shadows and closed rooms and really run things with impunity.

[unhappycamper]

2. This reminds me of a Talking Heads song:

[AnneD]

3. THere is a difference between....

breaking and entering and an engraved invitation. IMHO, they have had and engraved invitation from day one. Just because someone calls themselves a Dem doesn't make it so.

[mother earth]

4. We have to look to Greg Palast for real journalism. This gov't, our gov't is a sham. nt