President Barack Obama is set to nominate hotel heiress and fellow Chicagoan Penny “Subprime” Pritzker to serve as Commerce Secretary, according to a report in the Chicago Tribune this morning. That report included one sentence which, in my opinion, is a stretch:
A senior administration official who asked not to be identified in order to talk about internal White House discussions said the administration concluded Pritzker was “definitely confirmable.”
Though I’m not going to take you too deep into the woods as I contest that statement, I will point you to a Feb. 14, 2008, article, Obama Campaign Finance Chair Tied to Subprime Scandal. It reveals Pritzker exercised poor judgment at best and corrupt thinking at worst, thereby disqualifying her for the role of Commerce Secretary.
From that article:
According to a Forbes article (Shaking the Family Tree by Stephane Fitch) published Sept. 30, 2002, “(Pritzker) represented her family’s half-interest in Superior Bank, a thrift operating in the Chicago suburbs” that “ran into trouble early in 2001 when a large number of subprime loans went into default.”
Is Prtizker a good fit for Commerce Secretary? If you consider Secretary of State John Kerry and Secretary of Defense Chuck Hagel, just to name a few, “good fits” in their respective cabinet roles, then I suppose she it, too.