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Pritzker confirms million dollar deposit into black-owned bank

Friday, May 19, 2017

* We talked about this the other day, but we now know the name of the bank

Billionaire Democratic gubernatorial hopeful J.B. Pritzker is making a $1 million deposit in Chicago’s last remaining black-owned bank.

Illinois Service Federal Savings is the beneficiary. Pritzker alluded to the investment earlier this week in an interview on WVON radio without naming the bank, but his campaign confirmed the recipient. […]

“JB has made expanding access to capital for small business and entrepreneurs, and making investments in the communities hardest hit by Bruce Rauner’s failed leadership and manufactured budget crisis a top priority for him as governor,” a spokesman said in an email. […]

Pritzker’s move echoes a similar action by Rauner in 2014 as he challenged then-Gov. Pat Quinn. Rauner deposited $1 million in a South Side credit union as a way of demonstrating the Republican private-equity magnate cared about black communities and winning at least some black votes.

In both cases—Rauner’s and Pritzker’s—the institutions are small, and the sums of money very large.

Go read the whole thing.

- Posted by Rich Miller        

14 Comments »
  1. - Precinct Captain - Friday, May 19, 17 @ 2:48 pm:

    Before his political ambitions, what was JB’s hiring record? That’s what counts. We know what the governor’s was and it is the same as the number of accomplishments he has as governor: zero.


  2. - Ron Burgundy - Friday, May 19, 17 @ 2:50 pm:

    *cue the Dr. Evil pic*

    One meeel-yon dollars! *puts pinky up to mouth*


  3. - DuPage Saint - Friday, May 19, 17 @ 2:51 pm:

    How much money has Rauner deposited in minority banks since 2014? Or is he waiting for next election? When did Pritzker realize he had no money in minority banks? When he decided to run?
    Oh well it is not like they are pandering
    If Kennedy wants to play I could use a few bucks


  4. - Huh? - Friday, May 19, 17 @ 2:55 pm:

    Here have a penny. Don’t spend it all in 1 place.


  5. - VanillaMan - Friday, May 19, 17 @ 2:56 pm:

    You know what Illinois’ Hillary Rodham always says, “It takes a billionaire to underwrite a village!”


  6. - Donnie Elgin - Friday, May 19, 17 @ 2:57 pm:

    Political grandstanding and virtue signalling by them both. The honorable thing to do would be to open these accounts and not say a thing.


  7. - VanillaMan - Friday, May 19, 17 @ 3:02 pm:

    So I guess we’re not going to see JB with one of those Publishers Clearinghouse giant cardboard checks for a million, are we?

    One time Rauner helped a senior living in a nursing home buy a Rauner-bankrupted nursing home, telling him the deal was for used computer parts! So there’s that!

    What? Not similar?


  8. - Oswego Willy - Friday, May 19, 17 @ 3:03 pm:

    - Ron Burgundy -

    Well played.

    To the Post,

    It’s like a right of passage now, for the “wealthy” candidates?

    Felt odd when Rauner did it, feels the same odd now.


  9. - VanillaMan - Friday, May 19, 17 @ 3:03 pm:

    But Bruce was holding a giant cardboard check!


  10. - Rich Miller - Friday, May 19, 17 @ 3:04 pm:

    ===Political grandstanding and virtue signalling===

    You must never have watched a campaign before.


  11. - Amalia - Friday, May 19, 17 @ 3:11 pm:

    ugh. anything you can do I can do better….


  12. - City Zen - Friday, May 19, 17 @ 3:15 pm:

    ==Here have a penny. Don’t spend it all in 1 place.==

    Pritzker pun intended?


  13. - Ward Heeler - Friday, May 19, 17 @ 3:39 pm:

    Nothing much has changed since Mayor “Big Bill” Thompson courted the black vote by visiting their churches and distributing “ministers’ money.”

    Pay to play.


  14. - Rocky Rosi - Friday, May 19, 17 @ 4:05 pm:

    This is not the way to reach out to the AA community. Plus if you want to buy the AA vote and support a black bank, give them real money. You are a billionaire 3 times over. Cut a check for $50 million so the bank can really help black owned business. Caring and having a solution for jobs and good school is far greater than giving bread crumbs to a black own bank.


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