Obama

By David Freddoso

Barack Obama is casting quite a few stones over today’s financial crisis. He blames deregulation (wrong) and greed (partly right). But if he wants to know how the current economic crisis unfolded, he might want to look instead at his own campaign team. Not only does it contain two former CEOs of Fannie Mae -- the government-backed actor that caused most of today’s problems in the secondary mortgage market -- but it also includes a banker whose strategy of aggressive subprime lending caused a bank to collapse, according to federal regulators.

Penny Pritzker was that banker, and she currently serves as Obama’s national finance chairwoman. She has been a supporter of Obama ever since the summer of 2002, when she first agreed to help finance his 2004 U.S. Senate campaign. She is also one of America’s wealthiest women, coming from the family that owns the Hyatt hotel chain. In her family, they don’t fight over the remote control. They fight over who took a billion dollars from whose trust fund -- this was literally the subject of an intra-family lawsuit in 2002.

Aside from the money she has raised from others on Obama’s behalf, Penny Pritzker’s family contributed roughly $39,000 to his 2004 Senate campaign. They have continued their generosity toward his presidential effort, giving some $48,000 in all as of this summer.

Pritzker was chairwoman of the board for her family’s bank, Superior Bank FSB, until 1994, when she became director of its holding company. In 1993, she had overseen the fateful decision to adopt a new business strategy of aggressive subprime lending. The bank would actually come in for some criticism for this on the Left -- in 2000, the National Community Reinvestment Coalition (NCRC) sent a letter to federal bank regulators to alert them to Superior’s subprime lending practices, accusing the bank of poor risk management and of targeting minorities for subprime loans at a rate that far exceeded other financial institutions.

They were at least right about the poor risk management. But as Superior neared collapse in May 2001, Pritzker penned a letter promising to “once again restore Superior's leadership position in subprime lending.” Superior’s collapse that July caused 1,400 people to part of their savings, and prompted a $750 million bailout by the FDIC. Such bailouts do not directly affect taxpayers, but they do ultimately create extra costs for all banks and bank customers.

The subprime strategy that Pritzker had endorsed was a major part of the problem leading to the bank’s insolvency, according to the federal Office of Thrift Supervision. As that government agency reported at the time:

Superior Bank suffered as a result of its former high-risk business strategy, which was focused on the generation of significant volumes of subprime mortgage and automobile loans for securitization and sale in the secondary market.

The FDIC places much of the responsibility for the collapse on the board and managers at Superior, saying they “ignored sound risk-management principles and failed to adequately oversee Superior's operations.” The Pritzkers agreed to pay a $460 million settlement—$100 million up front, and the rest (without interest) over a period of 15 years. According to the Associated Press, the Pritzkers’ settlement “barred government action against the owners,” who “admitted no liability.”

In April 2008, Pritzker told USA Today: “I regret that Superior Bank failed.” She went on, “My family voluntarily agreed to pay the FDIC $460 million … without litigation or any allegation by federal regulators of wrongdoing. I am proud of how my family responded to this situation.”

In other words, she was proud that her bank had returned some of her customers’ money. For even after the large legal settlement and the FDIC bailout, some 1,400 account holders came up $10 million short, on aggregate. The Chicago Sun-Times quoted one of the people who lost money, a 63-year-old woman who had unfortunately deposited her retirement savings in Superior just before the collapse: “They still owe me $113,000,” she said.

Aggressive subprime lending is an important component of the economic crisis we currently face. So when you hear Barack Obama discuss the current problems, don’t forget that his campaign’s top money-woman was one of the actors in this drama, who gambled in the subprime mortgage market, and lost millions for her bank customers.

David Freddoso, a staff reporter for National Review Online. This essay is based on a section from Chapter 11 of his New York Times bestselling book, The Case Against Barack Obama: The Unlikely Rise and Unexamined Agenda of the Media’s Favorite Candidate.

Scott Quiner was transferred over the weekend to a hospital in Texas after doctors in Minnesota threated to terminate life support measures as he battled severe complications from COVID-19. Scott's wife, Anne Quiner, appealed to the courts for a restraining order to prevent the hospital from pulling the plug as she sought a new facility to provide medical care for her husband. Scott was unvaccinated when he tested positive for COVID-19 in late October, 2021.

Anne and her attorney Marjorie Holsten joined "The Glenn Beck Program" Thursday to describe their frantic efforts to halt the hospital's decision to turn off Scott's life support — allegedly because he was unvaccinated — and just how difficult it was to get him the medical treatment he needed.

"It was absolutely stunning," Holsten told Glenn. "[Anne] came in and she has this order, I saw the screenshot from the [online medical] chart that said [Scott] is basically scheduled for execution at noon the following day."

According to Holsten, the Minnesota hospital responded to her appeal for a restraining order by claiming that the "position" to keep Scott alive "is not supported by medical science or Minnesota law. As a result, Mercy will ask the court to issue an order that Mercy has the authority to discontinue Mr. Quiner's ventilator and proceed with his medical care plan."

"The 'medical care plan' was the plan to discontinue the ventilator at noon, which leads to death very shortly. So that was at 10 o'clock, but then at 11 o'clock, before the 12 o'clock execution, the judge did, in fact, sign an order saying the hospital is restrained from pulling the plug," she added.

Anne told Glenn that doctors in Texas were shocked by Scott's condition after he arrived from the Minnesota hospital. Not only had he been given dangerous drugs, he was also found to be “severely malnourished."

"The doctor [in Texas] spent two hours with Scott and when he came back out, he said, 'I don't know how he even made it, how he even survived that other hospital ... but I will do everything I can to try to save his life,'" Anne explained.

"And the doctor [in Texas] said Scott was the most undernourished patient he has ever seen," Holsten added.

"Glenn, we are first bringing this battle to the court of public opinion," Holsten continued. "What we are showing the world is that Scott was near death because of the protocols used in that [Minnesota] hospital, but now he is recovering. He is getting better.... Now, we're not planning a funeral, we're planning for his release."

Watch the video clip below for more details.

If you'd like to help support the Quiner family, please consider making a donation to GiveSendGo.com/Anne.


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The Great Reset is not just an elitist idea — it’s not even a socialist utopian concept. It’s a real-world fascist threat to every American from Wall Street to Main Street. It’s happening now in policies and cultural shifts big and small, obvious and subtle, from environmental promises to corporations going woke. But the mainstream media, global elites, and politicians brushed off the Great Reset as “nothing to see here.” Another myth they push: “The World Economic Forum is just a conference for elites who have no REAL power.”

Glenn Beck first exposed the Great Reset almost two years ago, and the globalist cries of "conspiracy theorist" soon followed. They said he believed the WEF was a “master cabal calling the shots from some evil underground lair.” But Glenn Beck never said that. Instead, he uncovered the true intentions of global leaders in finance and politics by simply highlighting their own words.

This week, the same global elites are doubling down on their agenda at the World Economic Forum’s Davos Agenda virtual event. But still, the global elites — like Twitter’s Jack Dorsey — are trying to downplay the WEF’s influence to stop people like us from interfering with their plans. The oligarchy will prosper in the new world order they’ve designed. You will not.

So Glenn unveils a master chalkboard based on his best-selling new book to outline the threats from globalists and why we must stop their agenda if we hope to keep the precious freedoms we still have.

Watch the full episode of "GlennTV' Below:

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Kim Iversen, journalist, YouTuber, and host of "The Kim Iversen Show," reacted to Glenn Beck's appearance last week on "Tucker Carlson Tonight" by conceding that, while the subject of Beck's new book, "The Great Reset: Joe Biden and the Rise of Twenty-First-Century Fascism" might at first sound "a little bit loony," closer analysis confirms "this isn't such a crazy conspiracy theory after all."

"Glenn Beck was on Tucker Carlson's show last week touting what has been called a right-wing conspiracy theory and discussing his new book, 'The Great Reset: Joe Biden and the Rise of Twenty-First-Century Fascism'," began Iverson on The Hill's "Rising."

"Well, maybe that all sounds a little bit loony — and believe me, I do think Glenn Beck tends to be a loon," she quipped. "But, maybe this isn't such a crazy conspiracy theory after all. And after seeing everything we've seen with the governments enacting all sorts of authoritarian controls and many other conspiracy theories coming true, maybe there's something to be concerned about. So, what is the Great Reset? The name even sounds conspiratorial, but believe it or not, it's a real thing."

Iverson went on to explain exactly who is behind the Great Reset, what their agenda entails, how they are using the COVID-19 pandemic to "to rebuild society in a way the global elites see best fit."

"You'll own nothing and you will be happy: That's what they're saying," Iverson explained. "And with inflation sky high and no signs of it slowing down, they might be right. We are on our way to becoming a nation of renters, but don't worry it's nothing to fear ... don't worry, everything is being done under the premise that this is all ... being done for our own good, the benefit of a collective society, and we will be happy," she added sarcastically.

Iverson concluded by asking, "Who thinks it's a good idea that a bunch of corporate millionaire and billionaires and world leaders are getting together and coming up with what's best for we the little people? I mean, who thinks that that's a really good idea? And who thinks that they are going to be doing it for our benefit? But, of course they're going to frame it like 'Oh, this is good for you. You're going to rent. You'll own nothing and you'll be happy. Don't worry about it' ... When you look at the actual list of partners with the World Economic Forum, they control everything. They control media. They control health. They control business. They control everything, and so then it does become, how do we people fight against that?"

Watch the video clip below to hear Kim Iverson break it down and don' t miss Wednesday night's special episode of "GlennTV" on BlazeTV’s YouTube channel.

Iversen joined Glenn Beck on the radio program to discuss what The Great Reset is and how YOU can help stop it. Watch the video clip from "The Glenn Beck Program" below:

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President Joe Biden just had the worst-rated week in the entire first year of his presidency, but his latest poll numbers are the icing on the cake, Bill O'Reilly told Glenn Beck on the radio program.

Given that polls aren’t always correct, O’Reilly explained another way to prove that Biden's first year may be worse than any other president's before him: It’s impossible to name one single contribution Biden has made to move America forward.

"Biden: There isn't anything you can point to. Not one thing ... that he's done to improve the nation. That's the test. You just step back, take emotion out of it, politics out of it, and say, give me one thing that Joe Biden has done to improve the country. Just one. And you can't do it," O'Reilly said. "And if there is, I want your listeners to contact me at BillO'Reilly.com."

Watch the video clip below to catch more of the conversation:


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