Pritzker ‘Definitely Confirmable’ as Commerce Secretary? No

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.”

Penny Pritzker Mini-Resume

Penny Pritzker Mini-Resume

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.

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About BobMcCarty

A native of Enid, Oklahoma, Bob McCarty graduated from Oklahoma State University with a degree in journalism in 1984. During the next two decades, he served stints as an Air Force public affairs officer, a political campaign manager, a technology sales consultant and a public relations professional. Today, Bob spends most of his time researching topics, writing about them and publishing those writings. When he’s not writing online, he’s working as an author. Bob’s first published book, Three Days In August: A U.S. Army Special Forces Soldier’s Fight For Military Justice (October 2011), chronicles the life story and wrongful conviction of Sgt. 1st Class Kelly A. Stewart, a highly-decorated Green Beret combat veteran. In his second book, THE CLAPPER MEMO (May 2013), Bob connects the dots between a memo signed by James R. Clapper Jr. — the man now serving as our nation’s top intelligence official — and the deaths of dozens of Americans in Afghanistan at the hands of our so-called Afghan “allies” wearing the uniforms of their nation’s military, police and security forces. Bob is married, has three sons and lives in the St. Louis area. Bob is available for media and blogger interviews. Simply drop a comment here, leaving your name, organization, phone number, e-mail address and area of interest. He’ll try to respond as soon as possible.

One thought on “Pritzker ‘Definitely Confirmable’ as Commerce Secretary? No

  1. Dear Mr. McCarty.
    Several years ago you wrote a story about Superior Bank owned by the Pritzkers – I was in your story about an uninsured depositor and 12 years later monies are still owned to some 1400 depositors and myself being one of them over the years some payment were made and when payment were made a $ 25.00 charge by the FDIC was charged I am still out of appoximately $ 55,000.00.
    I believe this the end of ever seeing any more of the balance owed according to the FDIC as of two weeks ago – several months ago- Ms. Pritzker paid the balance of the 450 million she agreed to paid to the FDIC- of a billion dollar lost to Federal Government – 3 years earlier by 3 and was discounted between -3 – 5 million – they original gave her 15 years to pay this amount with no interest and no penalties.
    This was one of many business’s the Pritzker’s used to their advantage luring people in to their bank by high rates of interest then lending this money to bad risk borrowers and extremely high rate of interest.
    For over two years this was known by Office of Thrift Supervision and nothing was very done until it was to late.
    The accounting firm used by the Pritzkers was Ernst and Young they were sued by the OTS and part of this settlement of some 25 million was giving to the Pritzkers even though Pritzkers were the ones giving all the accounting information to Ernst and Young.
    Another business owned by the Pritzkers is Trans Union Credit -a class action lawsuit was settled out of court in 2008 for approximately 200 million dollars – this suit involved the Fair Credit Reporting Act – selling credit user’s personal and financial information.
    Isn’t this a large part of what has put our country in poor financial condition it is in.

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