Truthdig -by Alexander Reed Kelly
Obama was an inconsequential lawmaker in the Illinois Senate when his future pick to be U.S. secretary of Commerce introduced him to titans of the finance industry and raised three-quarters of a billion dollars toward his presidential election, investigative reporter Greg Palast tells us.
As Truthdig wrote this week, Pritzker is worth more than $1.8 billion and has held leadership positions in the Hyatt Hotels Corp. and the now-defunct Chicago-based Superior Bank. Her vast fortune affords her “a heavy magic wand in the world of politics,” Palast writes, an instrument that “would have been heavier … except that in 2001, the federal government fined her and her family $460 million for the predatory, deceitful, racist tactics and practices of Superior.” Continue reading “Penny Pritzker, Barack Obama’s ‘Fairy Godmother’”

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