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Taxpayers must pay the freight for over-budget train projects
Topic - Clint Krislov
Commerce secretary-nominee Penny Pritzker told lawmakers Thursday that she regrets the losses suffered by customers of a failed bank she once led, but a lawyer for the depositors said the bank's owners never fully reimbursed them or the government.
But Clint Krislov, a Chicago attorney who represented bank depositors in a class-action lawsuit against Ms. Pritzker and others, said her testimony overlooked the losses incurred by the depositors and the FDIC’s insurance fund.
“They didn’t make depositors whole, nor the FDIC insurance fund, but still captured a net profit to themselves exceeding $200 million,” Mr. Krislov said in an email.