Matt Farmer is a lawyer and a Chicago Public School Parent. Watch him cross-examine Hyatt Hotel heiress and CPS board member Penny Pritzker in his May 23rd speech to 4,000 union teachers at the Auditorium Theater.
BTW, Pritzker is also national finance chairperson of the Obama campaign. She is one of three cousins who manage their dynasty’s financial empire, which includes the Hyatt hotel chain, casinos and many other ventures.
But according to the New York Times, she was also involved in running and overseeing Superior Bank, an Illinois institution co-owned by her family that was at the forefront of turning subprime loans into securities, the risky practice at the heart of the financial crisis. The bank collapsed in 2001 after regulators discovered accounting irregularities that overstated its assets.
Ah, what a perfect addition to Mayor Emanuel's hand picked school board.