RT @ AmandaMarcotte https://t.co/YSePLb8c11 Pruitt’s Superfund director is so corrupt the FDIC banned him from banking for life.
In May, the Federal Deposit Insurance Corporation fined Oklahoma banker Albert Kelly $125,000. According to a consent order, which The Intercept obtained through the Freedom of Information Act, the FDIC had “reason to believe that [Kelly] violated a law or regulation, by entering into an agreement pertaining to a loan by the Bank without FDIC approval.”
Two weeks later, EPA Administrator Scott Pruitt appointed Kelly to lead an effort to streamline the Superfund program. In July, the FDIC went further, banning Kelly from banking for life. The “order of prohibition from further participation” explained that the FDIC had determined Kelly’s “unfitness to serve as a director, officer, person participating in the conduct of the affairs or as an institution-affiliated party of the Bank, any other insured depository institution.”
But Pruitt, who had received loans from Kelly’s bank, apparently didn’t find Kelly’s unfitness to serve in the financial industry as disqualifying his longtime friend from serving as a top official at the EPA. Since May, Kelly, or Kell as he was known in Oklahoma, has led the effort to streamline the Superfund program — which oversees remediation of some of the country’s most toxic sites.
Pruitt earned only $38,400 as an Oklahoma state senator. Even with a $35,000 profit from selling his previous home, that was not enough on its own to buy a house in the Lakes at Indian Springs community in Broken Arrow, the suburb of Tulsa that Pruitt represented in the legislature.