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Many Superior depositors lost everything they had over the FDIC insured $100,000 limit.
Bloomberg reported controversy surrounding credit reporting firm TransUnion.
At the time, it controlled "the $3.3 billion market in equal shares with Atlanta-based Equifax and Dublin-based Experian Group Ltd.""After widespread consumer complaints about shoddy service in the credit checking industry, (Congress) passed legislation in 2003 that allowed people to get free copies of credit reports so they could check for mistakes and block information obtained from identity theft."
The same year, Klamath Falls, OR-based Judy Thomas won a $5.3 million settlement. She claimed TransUnion took six years to correct a mistake in her credit report. On appeal, it was reduced to $1.3 million.
In 2008, Pritzker withdrew her name from Commerce Secretary consideration. Friends say she now wants the job.
Subprime fraud taints her. Obama may choose her anyway. He's in bed with Wall Street crooks. Money power runs things. Pritzker at Commerce fits right in. She'll be one of the crowd.
Stephen Lendman lives in Chicago. He can be reached at Email address removed .
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