Monday, July 21, 2008

A Top Obama Fund-Raiser Had Ties to Failed Bank

Well, it looks like I just beat the Wall Street Journal by 4½ months.

But they have now discovered Penny Pritzker and Superior Bank.

The bank, closed in 2001, basically created the securitization of subprime loans that is at the core of much, though IMNSHO not a majority, of the credit crunch.

And she is now Obama's national campaign-finance chairwoman.

Well, we'll be hearing this 24-7 for a while, if just to ignore the latest McCain flip-flops and screw-ups.

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