Reply #16: I get your point!! Hence..Michelle Obama! OMG! [View All]

[indimuse]

Former vice president for business development of a Rezko real estate company
Executive director of the Illinois Housing Development Authority
South East Chicago Commission (SECC) executive board member (Michelle Obama Treasurer before and during)
Resigned from IHDA during the investigations to go to Senior Vice President and Director of Public Affairs and Government Relations at Northern Trust
Alvin Dworman, principle owner of Northern Trust. Alvin Dworman and Pritzker family owner of Superior Bank. Penny on Board when Bank failed.


I don't know if this means anything but seems like she could be a huge tie in this mess.
Deni | 03.06.2008 - 7:52 pm

She said he schemed with a board member, millionaire attorney Stuart Levine, to share in a bribe to be paid in exchange for approval from the planning board for a

Mercy Hospital expansion in Crystal Lake.

http://www.thesouthern.com/articles/2008/03/06/ap-state-il/d8v87cs80.txt

Is this the hospital MO works at?
msliberal | 03.06.2008 - 7:53





Penny Pritzker is the National Finance Chair of 2008 Democratic Party presidential candidate Barack Obama's campaign. Yet the Obama campaign's national finance

chair served as chairman of the Superior Bank from 1989 to 1994, before this savings and loan institution collapsed in July 2001. Yet according to Ely’s Oct. 16, 2001

statement, “Superior’s trick, or business plan” under Penny Prtizker’s chairmanship was apparently “to concentrate on subprimelending, principally on home

mortgages, but for a while in subprime auto lending, too,” after the Pritzkers’ bank acquired its wholesale mortgage organization division, Alliance Funding, in

December 1992. http://www.bostonnow.com/blogs/oldmole/2008/02/12/obama-campaign-finance-chair-involved-in-superior-bank-sampl-scandal


Not only was Penny a board member but her family owned half of the bank along with Alvin Dworman.
http://handle.dtic.mil/100.2/ADA398956



During the debates I have noticed that Obama doesn’t show a true relief plan for the Mortgage crisis. Why would a Presidential Candidate hire a person that was

involved in the worst Bank failure up until the time of hiring? Did Penny help him write his proposals to close the loopholes from personal knowledge of how to get

around the auditors? These questions and more will come out in the Vetting season.

*Follow up note Dworman is also the principle owner of Northern Trust (Bank that Obama has his current Mortgage.) pm

<<<<<snip>>>>>>>


Obama's Subprime Problem
John Courtney, commenting February 9, 2008, at Bob McCarty's BMW blog asked

... when is someone going to talk about Obama financial campaign chairman - Penny Pritzker, that cost the Federal Government - taxpayers one billion dollars. when

Superior Bank failed, and 450 million dollars still owed to the FDIC - and they gave her 15 years to pay back - no interest, if Obama get elected is he going to waive

this money owed, all the people the work so hard for there money Obama talks about, hundreds of them, lost there money at Superior Bank, Ms. Pritzker is the only

one that made out on that deal.
For those who do not know, "billionaire business mogul" Penny Pritzker was named in January 2007 as Sen. Barack Obama (D-Ill.)'s national finance chairman. She

was also on the finance committee for Obama’s 2004 campaign for the U.S. Senate. In August 2001, Penny, Thomas, and Nicholas Pritzker were described as

"struggling with a complicated legacy"—"a vast real estate and Hyatt hotel empire"—left to them by its founder, Jay Pritzker, the New York Times reported. In 2005,

Forbes counted Penny Pritzer among The 100 Most Powerful Women, as well as a member of the Forbes 400.

About the Superior Bank failure
The Chicago Sun-Times reported August 3, 2001:
Superior Bank, half-owned by the wealthy Pritzker family, was shut down by the FDIC Friday after a bailout plan by the Pritzkers, who own the Hyatt Hotel chain, and

their partner, New York real estate developer Alvin Dworman, fell through. The bank failed because it had lost nearly all of its more than $2 billion of assets on bad

loans to high-risk borrowers, federal regulators said.

The FDIC reopened the bank Monday as Superior Federal and is seeking a buyer and a new CEO.


good place to start::: and then if ya wanna read about how Michelle was instrumental in the purchase of the mansion in question RE: Rezko..in the historical district....Look up Landmark Commissions and Michelle Obama... there is plenty there...Questions for Barack Obam a are piling up!