Obama Campaign Finance Chairman Playing Footsie With Ahmadinejad
Posted in Politics & Government on September 29th, 2008

Penny Pritzker, the Obama campaign finance chairman, is one of the 12 grandchildren of Chicago patriarch, Abraham N. Pritzker. She is a Harvard-trained attorney and was selected by her late uncle to oversee the family’s vast portfolio of investments which include the Marmon Group industrial conglomerate and the Hyatt hotel chain. She is also a former member of the board of the failed Superior Bank Savings & Loan implicated in irresponsible subprime mortgage lending during the 1990s and after the Pritzkers’ bank acquired a wholesale mortgage organization division, Alliance Funding, at the end of 1992, Penny Prtizker primary responsibility was to concentrate on subprime lending, primarily for home mortgages, but for a brief period on subprime auto lending as well. Essentially, Penny Pritzker and the family bank played a central role in innovating “Mortgage Backed Securities,â€