Billionaire business tycoon and former Obama fundraiser Penny Pritzker
appears headed for confirmation as commerce secretary, despite concerns
about her business dealings. Pritzker and her family owned Superior
Bank, a Chicago-based firm that collapsed after the Pritzkers expanded
subprime lending. With net worth of more than $1.5 billion, Pritzker
stands to be one of the wealthiest Cabinet secretaries in history. Her
family started the Hyatt Hotel chain, which has come under scrutiny for
her clashes with labor unions. The AFL-CIO
says Hyatt has exhibited a broad pattern of labor abuses, including
aggressive outsourcing, low wages and the mistreatment of housekeepers.
We’re joined by David Moberg, senior editor of In These Times magazine.
His recent article is "3 Troubling Things To Know About Billionaire
Penny Pritzker."
Video
Source: democracynow.org
Author: --
Video
Source: democracynow.org
Author: --
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