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Obama's Commerce Secretary Didn't Report $80 Million in Consulting Income

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This should be an automatic disqualification for any nominee. Obviously, she is too stupid, or too dishonest to hold a senior position in our government.

Chicago billionaire Penny Pritzker failed to disclose at least $80 million in income from the past ten years on forms submitted for her nomination as Commerce secretary. The original version of the documents submitted last week reported that she had earned about $32.2 million for consulting on her family’s trusts, but new filings, released on Tuesday, reveal that she received at least $80 million on top of that previously reported income, according to Bloomberg.

Obama

Instad of going after ordinary citizens, who are simply excercising their constitutional rights, they should go after this bitch, because there is plenty of reason to believe that she forgot to report a few million bucks on her tax returns, too.
 
the 80 mil, according to her lawyers, was a "clerical oversight"

but there's more

as scion of the hilton hoteliers, ms pritzker, according to the nytimes, was in the 90's a "pioneer" of subprime lending practices as well as the bundling of mortgage backed securities

as director of superior bank, which failed in 2001, ms pritzker proudly proclaimed (according to nyt): "our commitment to subprime has never been stronger"

the choice for commerce is also an "innovator in the use of offshore trusts to shelter wealth from income, capital gains and inheritance taxes," gripes the gray lady

hyatt in 2012 was boycotted for "widespread labor abuses" by a diverse coalition of unions, from the nflpa to the gay and lesbian task force, who called out hyatt as "the worst hotel employee in america"

ms pritzker has raised more money for barack obama, going back to springfield, than any single individual alive

http://www.nytimes.com/2013/05/06/u...rs-on-finances-hints-at-road-ahead.html?_r=1&

that said, she sailed thru confirmation hearings thursday, she was a lock from the moment she was picked

Penny Pritzker Sails Through Confirmation Hearings | NBC Chicago

meet YOUR new commerce secretary, ms penny pritzker
 
I realize that I don't travel in the same rarified financial circles, but isn't $80 million still a bit more than a clerical oversight? ;)
 
Interesting slant to the news, but expected considering the lean ya'll have.

First her under reporting her earnings for consultant work, this wasn't discovered by the Investigators nor the Press but her OWN financial advisers and was immediately reported. So she told on herself. Now to put what 80 million means to her compared to her net worth.... 5%. or 1/2 of 1% for each year she earned it.

Next the offshore trust fund. Unlike some, she didn't create that fund, she was a little girl at the time it was created and she doesn't manage it. You can ask our resident trust fund member if you doubt me but trust funds routinely name a very young member to extend the life of the trust. It doesn't mean that trust fund baby will ever have a say in the management of that fund, nor could they unilaterally change the trust.

Hyatt- I have to shake my head and peek outside, I just had to make sure the sky is still blue! To see the above members support a Union and it's 'over inflated' wages. (well they are called over inflated wages in any of a dozen other threads where Unions are discussed)

Millionaires declare they are cutting hours to make their employees part-time to put the burden of insurance on the wage earner and there was no condemnation.

The Superior Bank failure- she left that bank 7 years before it failed. If it was Rumsfeld that held that position and then left I doubt ANY of you would raise an eyebrow.

If the GOP members of the committee had real heartburn with her she would have been raked over the coals but fact is she is far more like the TP's backers than the democrat faithful... :peace
 
Interesting slant to the news, but expected considering the lean ya'll have.

First her under reporting her earnings for consultant work, this wasn't discovered by the Investigators nor the Press but her OWN financial advisers and was immediately reported. So she told on herself. Now to put what 80 million means to her compared to her net worth.... 5%. or 1/2 of 1% for each year she earned it.

Next the offshore trust fund. Unlike some, she didn't create that fund, she was a little girl at the time it was created and she doesn't manage it. You can ask our resident trust fund member if you doubt me but trust funds routinely name a very young member to extend the life of the trust. It doesn't mean that trust fund baby will ever have a say in the management of that fund, nor could they unilaterally change the trust.

Hyatt- I have to shake my head and peek outside, I just had to make sure the sky is still blue! To see the above members support a Union and it's 'over inflated' wages. (well they are called over inflated wages in any of a dozen other threads where Unions are discussed)

Millionaires declare they are cutting hours to make their employees part-time to put the burden of insurance on the wage earner and there was no condemnation.

The Superior Bank failure- she left that bank 7 years before it failed. If it was Rumsfeld that held that position and then left I doubt ANY of you would raise an eyebrow.

If the GOP members of the committee had real heartburn with her she would have been raked over the coals but fact is she is far more like the TP's backers than the democrat faithful... :peace

It all comes down to D vs. R. If she was a R, none of that would matter to to them. And since she's a D, none of it matters to the other side. You've got to remember that someone with similar sins regarding offshore funds and failed businesses was who they wanted to make President.
 
It all comes down to D vs. R. If she was a R, none of that would matter to to them. And since she's a D, none of it matters to the other side. You've got to remember that someone with similar sins regarding offshore funds and failed businesses was who they wanted to make President.

ANNNND said who better to manage our nation's finances than a guy who thinks corporations are people, off shore is fine, and not all the companies he rap.... ahh acquired through Bane tanked after being gutted of their assets...

The Right Wing should applaud this lady, the congress critter right wingers seem to love her, but like you point out, she isn't an R.... :doh
 
Interesting slant to the news, but expected considering the lean ya'll have.

First her under reporting her earnings for consultant work, this wasn't discovered by the Investigators nor the Press but her OWN financial advisers and was immediately reported. So she told on herself. Now to put what 80 million means to her compared to her net worth.... 5%. or 1/2 of 1% for each year she earned it.

Next the offshore trust fund. Unlike some, she didn't create that fund, she was a little girl at the time it was created and she doesn't manage it. You can ask our resident trust fund member if you doubt me but trust funds routinely name a very young member to extend the life of the trust. It doesn't mean that trust fund baby will ever have a say in the management of that fund, nor could they unilaterally change the trust.

Hyatt- I have to shake my head and peek outside, I just had to make sure the sky is still blue! To see the above members support a Union and it's 'over inflated' wages. (well they are called over inflated wages in any of a dozen other threads where Unions are discussed)

Millionaires declare they are cutting hours to make their employees part-time to put the burden of insurance on the wage earner and there was no condemnation.

The Superior Bank failure- she left that bank 7 years before it failed. If it was Rumsfeld that held that position and then left I doubt ANY of you would raise an eyebrow.

If the GOP members of the committee had real heartburn with her she would have been raked over the coals but fact is she is far more like the TP's backers than the democrat faithful... :peace

So, the defense is that she's stupid and not crooked. Ok...how is that better?
 
It all comes down to D vs. R. If she was a R, none of that would matter to to them. And since she's a D, none of it matters to the other side. You've got to remember that someone with similar sins regarding offshore funds and failed businesses was who they wanted to make President.

Obviously, it doesn't matter to you, either, since she's one of The Messiah's picks.

The Messiah could pick Charles Manson and you people would stick up for him. :roll:
 
Forget the $80 million not reported, I'd like to know how she became a "billionaire" making only $100 million in the past 10 years.

Secondly, and more troubling, she's a "Chicago" billionaire - aren't there enough Chicago influences screwing up America already?
 
Obviously, it doesn't matter to you, either, since she's one of The Messiah's picks.

The Messiah could pick Charles Manson and you people would stick up for him. :roll:

I'm not sticking up for anybody. But isn't it interesting how her resume is similar to Romney's - yet you think he should be President, while she isn't qualified to be Secretary of Commerce. Maybe Obama should just nominate Mitt. You wouldn't know what to do.
 
I'm not sticking up for anybody. But isn't it interesting how her resume is similar to Romney's - yet you think he should be President, while she isn't qualified to be Secretary of Commerce. Maybe Obama should just nominate Mitt. You wouldn't know what to do.

Sure you're not...lol!!!

If this chick was picked by a Republican prez you would be leading the charge against her. Just admit it.
 
Sure you're not...lol!!!

If this chick was picked by a Republican prez you would be leading the charge against her. Just admit it.

As soon as you admit that what bothers you is her party affiliation.
 
Interesting slant to the news, but expected considering the lean ya'll have.

First her under reporting her earnings for consultant work, this wasn't discovered by the Investigators nor the Press but her OWN financial advisers and was immediately reported. So she told on herself. Now to put what 80 million means to her compared to her net worth.... 5%. or 1/2 of 1% for each year she earned it.

Next the offshore trust fund. Unlike some, she didn't create that fund, she was a little girl at the time it was created and she doesn't manage it. You can ask our resident trust fund member if you doubt me but trust funds routinely name a very young member to extend the life of the trust. It doesn't mean that trust fund baby will ever have a say in the management of that fund, nor could they unilaterally change the trust.

Hyatt- I have to shake my head and peek outside, I just had to make sure the sky is still blue! To see the above members support a Union and it's 'over inflated' wages. (well they are called over inflated wages in any of a dozen other threads where Unions are discussed)

Millionaires declare they are cutting hours to make their employees part-time to put the burden of insurance on the wage earner and there was no condemnation.

The Superior Bank failure- she left that bank 7 years before it failed. If it was Rumsfeld that held that position and then left I doubt ANY of you would raise an eyebrow.

If the GOP members of the committee had real heartburn with her she would have been raked over the coals but fact is she is far more like the TP's backers than the democrat faithful... :peace

Oh, well never mind then.

:roll:
 
As soon as you admit that what bothers you is her party affiliation.

Party affiliation has nothing to do with it, as far as I'm concerned. Go read my initial comments.
 
Interesting slant to the news... considering the lean

LOL!

it sure is

do YOU have an offshore bank account?

USAToday: Obama video hits Romney on offshore accounts

Obama Picks Jeffrey Immelt, GE CEO, To Run New Jobs-Focused Panel As GE Sends Jobs Overseas, Pays Little In Taxes - HuffPo

Millionaires declare they are cutting hours to make their employees part-time

damn millionaires...

Obamacare and the plight of part-time employees - LATimes

don't ya just hate em

she left that bank 7 years before it failed

was that 7 years before or 7 years after she proudly proclaimed her passionate commitment to subprime has never been stronger?

If it was Rumsfeld that held that position

well, that's weird...

who?

she is far more like the TP's backers than the democrat faithful

you can say that again

The Right Wing should applaud

who appointed her, again?

good for YOU!

america, meet YOUR new commerce secretary

billionaire bundler for barack obama: ms penny pritzker!
 
Forget the $80 million not reported, I'd like to know how she became a "billionaire" making only $100 million in the past 10 years.

Secondly, and more troubling, she's a "Chicago" billionaire - aren't there enough Chicago influences screwing up America already?

Google her and you will find out. You can attempt to make something out of the Chicago angle but you would be oh so wrong.

again... :peace
 
LOL!

it sure is

do YOU have an offshore bank account? (Do you?) Considering who has offshore accounts and how they got them it is an odd attack, you didn't read how she 'got' it, she was named to it as a little girl, unlike Willard.

USAToday: Obama video hits Romney on offshore accounts

Obama Picks Jeffrey Immelt, GE CEO, To Run New Jobs-Focused Panel As GE Sends Jobs Overseas, Pays Little In Taxes - HuffPo



damn millionaires... yeah damn millionaires when they cut their worker's pay and hours to make a bogus political diva dance.

Obamacare and the plight of part-time employees - LATimes

don't ya just hate em



was that 7 years before or 7 years after she proudly proclaimed her passionate commitment to subprime has never been stronger? And it wasn't an hour after Obama was elected the rabid right decried ANY attempt to throw blame on BushII... more partisan spin. :roll:



well, that's weird...

who?



you can say that again



who appointed her, again?

good for YOU!

america, meet YOUR new commerce secretary

billionaire bundler for barack obama: ms penny pritzker!

It is amusing to see the Right Wing radicals froth at the very idea of a Commerce Sec being rich....have you been paying ANY attention to who has been Commerce Sec in the past? She may be the richest but she is of the pattern... what freaks the Right out isn't how she made her money or that she has money, it is she is a 'turn coat' to the other super wealthy- though there are several super wealthy who do go Democrat.

But keep howling, it is fun to watch... :2wave:
 
This should be an automatic disqualification for any nominee.

Why disclosure of income is a part of the nomination process at all? Trying to make sure she can afford to rent a place in Washington, DC?

I certainly don't care for her politics, and I also don't think there should even be a Department of Commerce in its current form, but she seems to be more than qualified for the position, and probably will be confirmed easily.
 
So, the defense is that she's stupid and not crooked. Ok...how is that better?

Smart people make oversights. When you're dealing with assets of this magnitude, $80 million is one item that didn't get copied over in the spreadsheet. They found the error and corrected it. Not really much reason for me to be upset over this item of... "news."

Shouldn't you be worshiping this "job creator?" :lamo
 
I realize that I don't travel in the same rarified financial circles, but isn't $80 million still a bit more than a clerical oversight? ;)

i find it impossible to fathom an 80 million dollar "clerical error"...it's bull****.

it won't matter much, for all her 1% credentials, her role as a bundler for campaign financing, her support for subprime lending, MBS's, etc... she's a democratic/leftie darling now.
 
i find it impossible to fathom an 80 million dollar "clerical error"....

Can you think of any reason she would intentionally underreport her income? She is a Pritzker, for crying out loud.
 
Can you think of any reason she would intentionally underreport her income? She is a Pritzker, for crying out loud.

I figure it's just a habit with her( and other uber rich folks)... she's very experienced at hiding money,
 
i find it impossible to fathom an 80 million dollar "clerical error"...it's bull****.

it won't matter much, for all her 1% credentials, her role as a bundler for campaign financing, her support for subprime lending, MBS's, etc... she's a democratic/leftie darling now.

Someone that wealthy has a lot of assets in a lot of locations, and a lot of income from a lot of sources.

I don't know how it happened, but it really could be as simple as a spreadsheet error. Someone didn't include the "consulting income" line into the calculation.
 
Someone that wealthy has a lot of assets in a lot of locations, and a lot of income from a lot of sources.

I don't know how it happened, but it really could be as simple as a spreadsheet error. Someone didn't include the "consulting income" line into the calculation.

i'm sure it was just a simple oversight... folks lose track of 80 million dollars of personal income all the time.
 
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