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By Andrew P. Napolitano
Obama's veil of secrecy is pierced
Topic - Superior Bank
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.
A billionaire Chicago family that donated and raised hundreds of thousands of dollars for President Obama got a $3.5 million discount last year for paying off early a $460 million settlement deal it agreed to in the 2001 failure of a Chicago-area bank it owned.
A billionaire Chicago family that has donated and raised hundreds of thousands of dollars for President Obama got a deal from the federal government to avoid paying all of a $460 million settlement it agreed to in the 2001 failure of a Chicago-area bank it owned, while 1,400 former depositors are still owed more than $10 million in lost savings.