Fannie Mae/Freddie Mac. Forget Switzerland. The mother and father of
all financial industry outrages are rooted in Washington, D.C. And Obama
Democrats are among the biggest winners of lavish, out-of-control
compensation packages from fraud-plagued Fannie Mae and Freddie Mac.
Obama confidante James Johnson raked in $21 million. Former Obama chief
of staff and current Chicago Mayor Rahm Emanuel "earned" at least
$320,000 for a brief 14-month gig at Freddie Mac. And Clinton Fannie Mae
head and Obama economic confidante Franklin Raines bagged some $90
million in pay and stock options earned during the government-sponsored
institution's Enron-style accounting scandal on the public dime.
Self-appointed banking policewoman and DNC Chair Debbie Wasserman Schultz has, uncharacteristically, kept her mouth shut about these wealthy barons.
Superior Bank. One of the Obamas' oldest Chicago friends and wealthiest billionaire bundlers, former Obama national finance chairwoman Penny Pritzker, headed up this subprime lender. Even after it went under in 2001 and left 1,400 customers destitute, Pritzker was pushing to expand its toxic subprime loan business. Pritzker and her family escaped accountability by forking over $460 million over 15 years. Obama happily accepted the nearly $800 million in campaign and inaugural funding Pritzker drummed up for him. To protect her family's multibillion dollar fortune, Pritzker's enterprises park their money in the very same kind of offshore trusts her candidate is attacking Romney over.
Read more: http://townhall.com/columnists/michellemalkin/2012/07/18/your_guide_to_sleazy_democratic_partybacked_banks
Self-appointed banking policewoman and DNC Chair Debbie Wasserman Schultz has, uncharacteristically, kept her mouth shut about these wealthy barons.
Superior Bank. One of the Obamas' oldest Chicago friends and wealthiest billionaire bundlers, former Obama national finance chairwoman Penny Pritzker, headed up this subprime lender. Even after it went under in 2001 and left 1,400 customers destitute, Pritzker was pushing to expand its toxic subprime loan business. Pritzker and her family escaped accountability by forking over $460 million over 15 years. Obama happily accepted the nearly $800 million in campaign and inaugural funding Pritzker drummed up for him. To protect her family's multibillion dollar fortune, Pritzker's enterprises park their money in the very same kind of offshore trusts her candidate is attacking Romney over.
Read more: http://townhall.com/columnists/michellemalkin/2012/07/18/your_guide_to_sleazy_democratic_partybacked_banks
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