Obama in the Tank for Pritzker

Obama has posted on his campaign website a naive and ignorant defense* of his campaign finance chair, Penny Pritzker, concerning her key leadership involvement in the largest bank failure in the 18 years between the last great banking crisis (the 1980s S&L debacle) and today's even-more-massive banking crisis. The excuses, misdirections, and spin Senator Obama offers in defense of this billionaire failed bank executive are Pritzker spin from start to finish, and expose Obama's profound inability to understand why banks fail and how to keep banks safe.

Superior's failure was studied by the United States Treasury Department and by banking regulators in special Inspector General reports, and has been documented in the open files of the Court of Federal Claims, available to Obama throughout his term as a U.S. Senator. Did he ever read any of them? Apparently Senator Obama's friendship with Penny Pritzker -- and her billions of dollars -- caused him not to look into any of these reports and documents to understand why, during a period in which almost no banks of any size failed, Penny Pritzker's bank failed so massively that she and her family agreed to pay $460 million. And failed right in Senator Obama's hometown.

http://www.spectator.org/dsp_article.asp?art_id=13952