Watch Live- Obama Bundler, Chicago Billionairess Penny Pritzker Up For Commerce Secretary. Understated Income By 80 Million!

And the cspan announcer says she is hispanic? Apparently she is a middle finger to the left AND the right...

[link to www.breitbart.com]

I HOPE they grill her on the failure of her bank. They made racist, high-risk mortgage loans and then bundled and sold them. It all went tits-up and was just one of many instances that prove Pritzger is no businesswoman. Rumor has it that Penny bought and paid for a mansion for Barry in Hawaii for when he leaves office.

Ugh, Jay Rockefeller is the chairman of the committee. Gak.

She has MASSIVE amounts tucked away in offshore banks.

[link to www.washingtontimes.com]

Thune will get her stumbling. (I hope)

I hope so too. Subprime mortgage shenanigans, union busting, offshore trusts...plenty of material available in the Pritzker family.

There he goes

She doesn't know jack about business or entrepreneurship. Her family, maybe, but she's just been a rich bitch her whole life. Everything she touches tends to fuck up.

Why is the Commerce dept in the weather forecasting biz?

I work for her cousin in Chicago.

They rule the land there.

Rumor has it they also rule the head cheese if you know what I mean.

Stay safe, friend! This is not a family you want to cross! Penny boosted Obama from his beginning and you can be sure she has the dirt on Barry. I'm sure he is terrified of her.

Thanks for the pin! This is an important hearing- gotta be able to stomach Jay-Rock to watch, lol

Here's the committee members- got some doozys in here:

[link to www.commerce.senate.gov]

Should be good fireworks when Ted Cruz gets his turn...

Rockefeller leading the discussion is awesome.

Billionaires hiring billionaires.

Seriously. He reminded us this morning that climate change is real no matter what we think.

Lol! She has experience "stretching dollars"! All the way to the Caymans!

Snark is it on TV if so what time.

[link to politicalticker.blogs.cnn.com]

Remember Mitt Romney singing "America the Beautiful" to scenes of Caribbean islands where the GOP nominee had invested some of his considerable wealth? So do Republican Senators who plan to question Commerce Secretary nominee Penny Pritzker about her own off-shore assets at a confirmation hearing today, a congressional source tells CNN.

"There's a certain level of hypocrisy," said the congressional source who spoke on the condition of anonymity.

With net worth estimated at $1.85 billion by Forbes Magazine, Pritizker, a business executive and heiress to the family that founded the Hyatt hotel chain, is poised to become one of the wealthiest cabinet members in U.S. history.

Earlier this week, she amended her financial disclosure reform after initially underreporting her income by nearly $80 million, according to a filing her attorney made with the Office of Government Ethics. The attorney blamed the omission on a "clerical error."

Earlier this month, Iowa Republican Senator Charles Grassley, who does not sit on the Commerce Committee examining Pritzker's nomination, called for greater scrutiny of her vast family trusts and accused President Obama of a double-standard.

"Every nominee's offshore tax avoidance activities should be examined as part of the nomination process," Grassley said in a statement. "It's hypocritical to overlook tax avoidance when it's convenient."

The president seemed fully aware of the potential for a contentious hearing when he announced Pritzker's nomination on her birthday. "For your birthday present, you get to go through confirmation," Mr. Obama quipped. "It's going to be great."

Republican senators are also expected to ask Pritzker about her time leading Superior Bank which went belly up in 2001. The Chicago area bank was widely considered a pioneer in subprime mortgages and the securitization of those investments, years before the recent housing-driven financial crisis.

"That will be asked almost certainly," the congressional source said. "There's a lot to go through."

On Thursday, a White House official defended Pritzker, saying “Penny is one of the most accomplished and highly respected women in business today."

"With more than 25 years of experience in the real estate, hospitality, senior living, financial services and other industries, Penny knows what it takes to build, grow, and invest in a business, and will be a strong advocate for policies that help grow the economy and create jobs," the official said.

Pritzker, a key fundraiser for both of President Obama's two White House campaigns, was considered a front-runner for Commerce secretary following the 2008 election until questions were raised about her finances.

MORE AT THE LINK

It's on Cspan 3 right now. Or click the link at the top of this thread to watch online :)

Mark Warner, Presidential-wanna be. Keep an eye on him if they take Hilldabeast down for Benghazi.

For the demonrats supposedly hating the uber rich (the infamous 1% in their tongue), they sure seem to appoint them to every office they can in government

They have the best scam going in politics...claim to support the "little guy", while appointing the exact opposite

I do that all the time.What's a few Mil.

First Net is what Sen. Rockefeller is talking about- wanting a nationwide broadband network for first responders. He is pounding on Pritzker to get it done if she is confirmed. Can anyone see any possible sinister uses for this massive project? (which Sen. Rockefeller said wouldn't cost the taxpayer a dime)
[link to urgentcomm.com]

I think they'll confirm her. They've gone way soft. Thune just brought up the offshore trusts with a softball question. She says she doesn't control them.

Last Edited by snark on 05/23/2013 01:04 PM

Under reported her income by 80 million?
How do you do that? I couldn't under report my income by 80cents and get away with it.

The drool is dripping down the chins of the good ole boy's club members. I wonder if the jokes they were making were actually threats disguised as such.

"I'll be whipping" one of them says to other members re: getting her through the appt. process.

Ugh... Rockefeller?

When you're wealthy, you play by a different set of rules.
For someone like me, one million would be a lot. That's probably how much she spends on cloths in a year.

She sounds like she has a 2 digit IQ. Not real bad, but not sharp. I guess the family never really let her run anything.