Penny Pritzker Stole My Money
I’m the Fran Sweet mentioned in the article. Elizabeth apparently you are a very gullible Obamaite. You believe Penny Pritzker? Wow what world do you live in!?
Please see the Chicago Sun Times article dated Aperil 28, 2008, titled: Obama’s Subprime Pal which provides proof (a letter signed by Penny) that Penny Pritzker was actively involved in the management of the privately owned Superior Bank as late as May 31, 2001.
Penny has never been accused of any wrong doing? Why do you suppose that is? Check out the unpaid loan the bank made to one of the bank’s owners.
Note: Bear Stern bought some of the Superior Bank subprime loans after the bank’s failure. In addition, less than one year after Penny Pritzker stole $42 million dollars from the depositors of Superior Bank (not to mention the loan shark interest rates charged the subprime mortgage and auto borrowers)she had the audacity to give a philanthropical gift of $30 million to the University of Chicago.
The same elitist university Barack Obama happens to have worked for as a professor of law and at which Michelle Obama worked at in a high level position. I suggest, Elizabeth that you continue your research on the Pritzker sweetheart deals with the government. How is they were able to obtain the Naval base land which closed near Orlando Florida for so little money? How is it the Ernst & Young accounting firm settlement resulting from the Superior Bank failure gave the Pritzkers 25% of the settlement and none to the stiffed depositors? Check into the relationship between Ernst & Young and other Pritzker businesses. (Smell like Enron does it?)
They agreed to pay the FDIC $460 Million over 15 years at no interest and at an escalating devaluation of the dollars owed. The Superior Bank failure will cost the FDIC over $700+ million. Does Penny mean to say she’s proud she was able to get away with stiffing the government for over $250 Million and the Superior Bank depositors of the remaining $15 Million she still owes them?
To John Jason and Elizabeth: Unfortunately for Barack Obama we are judged by the company we keep, i.e Jerimiah Wright, Penny Pritzker, Tony Rezko. Like Jerimiah Wright, Penny Pritzker is more than a casual acquaintance of the Obamas, see the Wall Street Journal article Money Maven. When candidates have political positions that are the same or very similar, wise people judge them by their character.
One of the factors in judging character is the company a person keeps.
Popularity: 1% [?]
May 3rd, 2008 at 7:11 pm
Has Barney Frank lost his mind? Did he make those comments without any attempt to disguise their implied threat? For months we’ve heard that participation by servicers in the various bailout programs put forth by the government is voluntary. However Frank’s comments would suggest the government’s willingness to abandon previous voluntary efforts and openly compel non-government market participants to orchestrate a bailout on their behalf. How disgusting to witness government interference in the direction of the market.
May 5th, 2008 at 3:00 pm
The blinders you refer to belong to Ms. Sweet, who obviously had them on when she walked into the bank and didn’t see any of the signs (that are posted everywhere) saying only $100,000 is FDIC insured. This FDIC guarantee is universal all over the country and was no different at Superior Bank. When one dollar over the $100,000 went into the bank, that dollar was at risk. Nobody stole Ms. Sweet’s money. She risked it for a higher return. She could have easily spread it around to five banks and would have been at no risk. I think we should really take a look at who’s being greedy here.
I love how Ms. Sweet is ignoring the fact that she has received $367,000 out of her original $480,000 deposit. If my math is correct, that is a sight more than the $100,000 that she was legally entitled to. I wonder where the other $267,000 came from… Hmmm, could it be from the Pritzker family?
Also, I am entirely amused when Ms. Sweet is constantly crying poor mouth. I don’t know about anyone here, but I don’t have $367,000 sitting around in my bank account. Not to mention the million dollar publicity campaign she’s running.
Regardless, the amount of money Ms. Pritzker has raised for the Obama campaign and her cutting edge ideas on fundraising are impressive and there is no getting around that.
May 13th, 2008 at 4:26 pm
I think this is a really good suggestion. Because I am a viticm of mortgage fraud. I have been trying to get help for a long time now. It was seeming to be impossible before hr. 5830 came up. I can’t speak for other people, I know I am a good person an paid my mort. on time before I refinanced and got into this mort. I could not afford. I was promised to get refinance the next month into a better mort. That never happend. I striped all the equity out of my house making it very hard for me to get refin.
Jun 2nd, 2008 at 2:36 pm
i have been trying to get help and nobody wants to help me.the
only way they will help me if i give them up front 3,000-6000 up
front.if i had that money my mort would be up to date.please i
just got a good job after being out of worked and taken by my partner.please i have lived in my house for over 10 yrs,i realy
would like to keep it.please help me.
thank you
Jun 2nd, 2008 at 2:39 pm
please help
Jun 9th, 2008 at 8:03 am
Gary, I think it’s about time the government steps in and in fact, there should never have been discussions about voluntary participation of private lenders since they’re the cause of this big mess in the first place. Yes, there should have been better oversight in the past but at least, we now have a suggested path forward. My husband and I (both working full-time jobs, with post-grad degrees) have never been late on our payments. However, the value has decreased by 30% since we purchased 2.5 yrs ago and to make matters worse, our IR is set to adjust this Nov and every 6 mos after. We’ve contacted the lender on numerous occasions and were told unless we stop making payments, they could not enter into negotiations w/ us. We’ve even looked into hiring lawyers but that is just as costly. Should I neglect monthly payments in hopes that a lawyer can help solve the dilemma? Should we just walk away? It seems the system you’re defending has been set up to help honest to goodness people fail and loan sharks succeed. For most of us who are at the cross-roads, the new FHA loan could mean the difference in keeping our homes and families together or starting over again.
Jun 9th, 2008 at 12:01 pm
I have been asked to send a mortgage co $3,000 up front to secure a FHA modification loan and if is not approved they will send back $1,000. Is this a scamor is it normalmto give them up front money?
This is my correct gmail address
Jun 9th, 2008 at 12:01 pm
I have been asked to send a mortgage co $3,000 up front to secure a FHA modification loan and if is not approved they will send back $1,000. Is this a scamor is it normalmto give them up front mone
Jun 9th, 2008 at 12:05 pm
I have been asked to send a mortgage co. $3,000 up front money to secure a new lower FHA loan. If I am not approved they will refund me $1,000. Is this normal or is it a scam?