Change man, REAL change! Sources are saying that Obama is tapping Penny Pritzker to head Commerce Department.

Via Wiki:

“Penny Pritzker became chairman of the Superior Bank of Chicago bank 1991. Under Ms. Pritzker’s chairmanship, the bank “embarked on a business strategy of significant growth into subprime home mortgages,” according to a 2002 report by the United States Treasury Department. She stepped down from the chairmanship (a largely titular role) in 1994 but continued to serve on the board of the holding company, Coast to Coast. In the months leading up to the 2001 seizure, the Pritzker family tried to work out a major recapitalization plan to “once again restore Superior’s leadership position in subprime lending.” In July 2001, FDIC seized the bank after the recapitalization could not be resolved. Subsequently, the Pritzker family reached an agreement with regulators to pay $460 million over 15 years toward the costs of the closure; these funds will go towards reducing the costs of the FDIC’s losses and partially reimburse depositors with accounts in excess of FDIC insurance limits.”

By the way, Prtizker was Obama’s fundraising chair, and you know how great the accounting was there!

Yeah, REAL Change!

UPDATE:  Under the Bus!

“Chicago businesswoman Penny Pritzker, national campaign finance chairwoman for the Obama campaign, has taken herself out of the running to be secretary of Commerce because of vetting issues, a Democratic official said.

“She fears problems with her confirmation based on past business dealings,” the official said.”

Uh-Huh…..