Obama nominee for Commerce Secretary, Penny Pritzker, "mistakenly understates" her own income by $80 million

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    May 23, 2013 5:04 PM GMT
    It'd be funny if it weren't so sad that there's been a long history of these "mistakes" of Obama nominees.

    http://online.wsj.com/article/SB10001424127887324659404578499951071913328.html

    On the eve of her Senate confirmation hearing, commerce-secretary nominee Penny Pritzker alerted Congress that she mistakenly understated her 2012 income by at least $80 million.

    The admission came in new financial disclosure documents that Ms. Pritzker filed with the Senate on Tuesday. The newly disclosed payment came from U.S. accounts and was tied to Ms. Pritzker's work over the past decade carrying out a complex plan to divide her family's assets—work that included restructuring, managing and selling various trusts, said her assistant, Susan Anderson.

    Ms. Anderson said the omission was due to an inadvertent "clerical error."

    "The mistake was discovered by financial advisers to Ms. Pritzker who helped prepare her financial disclosure," Ms. Anderson said in an emailed statement.

    The error and correction were reported by Bloomberg earlier Wednesday.

    Ms. Pritzker previously disclosed that last year she received $54 million from an offshore account and more than $30 million from U.S. accounts—all related to her work dividing her family's assets. The most recent documents indicated she earned at least $80 million more than that. The disclosure documents don't provide totals of a nominee's income or assets.
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    May 24, 2013 1:19 PM GMT
    "Commerce Nominee Sails Through Confirmation Hearing Despite Not Reporting $80 Million Income, Offshore Tax Shelters"

    http://taxprof.typepad.com/taxprof_blog/2013/05/commerce-department.html
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    May 24, 2013 2:16 PM GMT
    Oh come on, who hasn't misplaced 80 million somewhere?
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    May 24, 2013 10:08 PM GMT
    Timothy Geitner, who became Treasury Secretary??? The Peter Principle on display with these clowns.
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    May 24, 2013 10:46 PM GMT
    Blakes7 saidTimothy Geitner, who became Treasury Secretary??? The Peter Principle on display with these clowns.


    It's not terribly surprising that there are few of the usual extremists coming out of the woodwork to claim her as one of their own. The other irony is that the claim they make of some wealthy conservatives would appear to be more about projection than anything of substance.
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    May 24, 2013 11:29 PM GMT
    The left is notorious for projecting.

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    May 25, 2013 6:27 PM GMT
    Heiress to Hyatt fortune