Sunday, September 23, 2007

Thicker Than Water

  • An exclusive story in Sunday's editions of the Chicago Sun-Times reveals questions about the financial dealings of Mayor Richard M. Daley's nephew.

    Sun-Times reporter Tim Novak reports that Robert Vanecko stands to make millions of dollars in a new venture selling Chicago real estate. His investors, Novak reports, are pension funds representing 180,000 retired and current city workers."They received $68 million," Novak said.

    "They'll have the money until 2014 to invest in various types of real estate deals -- they've only done a couple of deals at this point. It's a very risky venture -- it's a speculative real estate investment where no one is really sure if these projects will succeed because of the neighborhoods that they're in and the projects themselves haven't been defined yet."

    Daley and his nephew deny any wrongdoing.
Nothing like giving your nephew a huge pool of money to play with. $68 million to mess around with risky real estate ventures? And in light of current market trends in real estate? Does anyone really think this is a good idea?

Labels:

88 Comments:

Anonymous Anonymous said...

When will this end? How much of a kickback happens? Legal consulting done by Daley Law Firm?

9/22/2007 11:30:00 PM  
Anonymous Anonymous said...

Let me quess, takes money from pension funds. Buys real estate and makes millions in profits, then pays the money back to the pension fund with maybe 1% interest. Tells every one what a great thing he did for the city pensions.

He and his nephew pocket tens of millions of dollars. Or maybe they dont pay the money back and claim it was lost because the investmant didn't make a profit, after they cook the books. He and his nephew still pocket tens of millions of dollars.

Sounds all above board to me. Why should we all be concerned about this. Our pension fund will be bankrupt in 5 years anyway.

9/22/2007 11:31:00 PM  
Anonymous Anonymous said...

I AM SO TIRED OF DALEYS CRIMINAL SHIT! THE DEGNANS, JOYCES,REYES,MUNOZ,BURKES,BLAGOS,STROGERS,EMIL JONES,BEAVERS,JACKSONS,ANDOLINO THEY ARE ROBBING US BLIND! WTF DALEY WILL NOT STOP GIVING AWAY ALL OUR MONEY WHEN WILL THIS FUCKING JAGOFF GO TO PRISON? WHERE ARE THE INDICTMENTS? HE MAKES THE FAMILY SECRETS TRIAL LOOK LIKE SESAME STREET WITH ALL HIS CRIMINAL ACTIVITIES! PLEASE FBI,CIA,US ATTORNIES GET THIS GUY BEFORE WE ARE TOTALLY BROKE! I AM BEGGING YOU TO LOCK HIM UP! FUCK THE OLYMPICS WE CAN ONLY HOPE THEY NEVER COME HERE IS DALEYS CRIMINAL TOWN!

9/22/2007 11:51:00 PM  
Anonymous Anonymous said...

Just met a retired CTA supervisor, while golfing today. Interesting story he told me about CTA funding.

When he left the agency was averaging approx 1.5 million riders a day. He say at about 2 bucks per rider. Thats 3 Million dollars a day. Thats just shy of 1.1 Billion the agency generates a year.

Now comes the interesting part I didnt know. The CTA get matching fund from the Federal goverment. The CTA gets revenue per ride and matching funds from the Feds so in reality the CTA generates approx 2.2 billion per year.

Think about this and the next time you ride the bus for "FREE" the CTA is still making money. CTA special? Federal Transit security funds pays for you. How many times do you have to ride? CTA is as screwed up as CPD.

9/23/2007 12:01:00 AM  
Anonymous Anonymous said...

In the early 90's the pension funds, including ours, lost a lot of money in risky Canadian real estate.

What's going to happen with our pensions now? More "Luxury Condos", (with Section 8 Housing included) crowing our neighborhoods.

Watch for more Aldermen's relatives to get rich at our expense.

9/23/2007 12:48:00 AM  
Anonymous Anonymous said...

Know what's a good idea? Getting out of shitcago.

9/23/2007 12:51:00 AM  
Anonymous Anonymous said...

"Nothing like giving your nephew a huge pool of money to play with. $68 million to mess around with risky real estate ventures? And in light of current market trends in real estate? Does anyone really think this is a good idea?"

Not only this, but can you imagine the line this guy must have on what piece of shit neighborhood(s) to invest in that will be gentrified in a matter of 5 years time? Like all of the Mayors friends, and political hacks including police bosses past and present who were given the "Line" on the shit neighborhoods that were on the verge of being turned around in a matter of years.

So, with that said, the best friend to have besides the Mayor would be those who currrently hold a position in Zoning Planning and Development. THEY SEE THE FUTURE! WHERE TO BUY! WHERE TO DEVELOP! WHERE TO INVEST! And if you're lucky, maybe you can buy one of those empty lots in that soon to be turned around neighborhood for a dollar ($1.00) or that forclosed property for a few grand. Of course with a little help from "that friend".

Shit Nostrodomas would be proud of all those with the insight to invest their money without risk! Boy wouldn't it be great to know or have a friend whisper in your ear letting you know what shit neighborhood is next to be the new Wicker park, Bronzeville etc...

Shit Dion Warwick would be proud, so would that phychic Cleo.

What a fucking joke how the Rich(ards) get richer, and the Poor get shit for free, and us Middle Class Pay for it all!

I can't wait to retire and move to a city where where not raped by property tax, or some bullshit tax just to make up for all the wasted expense and over budgeted projects that get screwed up in our great city by Scamming Contractors (more friends)!!!!

9/23/2007 01:04:00 AM  
Anonymous Anonymous said...

Daley is playing games with city worker and retirees pension funds? I hope if this includes the CPD, that all of you guys and gals do something to put a stop to this crap. Politicians always seem to look at public pension funds as a pool of money that they can dip into for any reason that pops in their greedy heads. What happens if this real estate venture fails? That will put an already shaky pension system in even an worse financial condition than it already is in. Personally, I think that all state, county and municipal pensions should be off limits to the politicians. Period!

9/23/2007 01:42:00 AM  
Blogger mr.jones said...

Forget the, in the light of the current market. What the hell is a family member doing Biz with the city. As long as it's not illegal to hell with the ethics? Oh, my fault, I forgot where I live. Check out the rest of Da Mayor's family, low and behold, they all make their cash representing or affiliated from the public's dime.

9/23/2007 03:30:00 AM  
Anonymous Anonymous said...

SCC, I for one think it is a fantastic idea!

How else are the little crumbsnatchers going to learn how to graft their own illicit funds? Uncle Richie isn't going to be around forever and it is high time that these younger connected family members learn how to defraud the public for themselves!

9/23/2007 05:42:00 AM  
Anonymous Anonymous said...

Q)Does anyone really think this is a good idea?

A)99.99999% of Chicagoans could think this was a bad idea and the plan would still go through.

"The mayor had nothing to do with his nephew getting city pension business, Daley spokeswoman Jacquelyn Heard said. "He doesn't do things like that. It's just not his way."

Don Lucchesi: Finance is a gun. Politics is knowing when to pull the trigger.

9/23/2007 05:45:00 AM  
Anonymous Anonymous said...

49% funded and going down.

9/23/2007 06:24:00 AM  
Anonymous Anonymous said...

This mayor is the biggest peice of shit and I hope he gets run over by a bus. Tied for second place for the peice of shit prize is every person that voted for this guy and the media who lets him get away with it. Gutless pussies.

9/23/2007 06:57:00 AM  
Anonymous Anonymous said...

A little advice from a recent retiree.

Put as much as you can afford in deferred comp. If you are young, the stock funds. If you are within 3 years of retiring, move over most of it to fixed.

All the white shirts, save that OT, dont take off everytime you get a chance, costing you big money to take off. It is your retirement.

Most important, live within your means. Do you really need a 50 thousand dollar car to go to work? I doubt it.

9/23/2007 07:38:00 AM  
Anonymous Anonymous said...

On April 25, 2006, DV Urban got its final investment, $15 million from the Chicago Policemen's Annuity and Benefit Fund. On a motion from fund President Dana Levenson -- who was then the mayor's chief financial officer -- the board voted 7-1 to invest with DV Urban. Among those voting "yes" were Lux and Rice.

********
Why don't we ever have a say so as to where our money goes????
Did you notice how the fire fighters declined to invest in this crap?

9/23/2007 08:25:00 AM  
Anonymous Anonymous said...

When will the feds catch up with this useless prick daley?

9/23/2007 08:30:00 AM  
Anonymous Anonymous said...

LEAVE OUR DAMN PENSIONS ALONE!

9/23/2007 08:35:00 AM  
Anonymous Anonymous said...

If the feds don't investigate this, we're finished! There are enough people involved in the "conflict of intrest" category to mitigate a full blown investigation into all the involved parties.

9/23/2007 08:36:00 AM  
Anonymous Anonymous said...

read the article. the police pension invested $15 MILLION! In a real estate venture in today's market! I hope this was a case of "they had" rather than they really thought that it was a good idea.....

9/23/2007 08:48:00 AM  
Anonymous Anonymous said...

jus let me last 4 more years on this job,please. then i'm outta here livin outside chicago illinois. somewhere warm, with good fishin and ice cold beer.

9/23/2007 09:04:00 AM  
Anonymous Anonymous said...

steal,loot,plunder,but we need gun control for the macho men...

9/23/2007 09:10:00 AM  
Anonymous Anonymous said...

For those who still remember. Janie Burn wanted to take our Pension fund and give us IOU'S.
Also, the fund is not going to go broke. Taxes would have to be raised to keep it funded.

9/23/2007 09:23:00 AM  
Anonymous Anonymous said...

This was a big part of the Rev. Jesse presidential campaign; invest the public pension funds in the blighted areas/urban centers..."because its really OUR money"!!! Are Jesse and Richie that much different?

9/23/2007 09:30:00 AM  
Anonymous Anonymous said...

It doesnt matter. I refuse to go along with whatever tha Mayor and his cronies want. Da Maya is our own modern day Al Capone

9/23/2007 09:30:00 AM  
Anonymous Anonymous said...

Interesting to note that when Daley's nephew got 15 million from our pension fund there was only 1 desenting vote. Where in the hell are our elected representatives to the pension board. Which member had the balls to vote no, while the others simply caved in.

9/23/2007 09:33:00 AM  
Anonymous Anonymous said...

Everyone should call the pension board tomoroow and bitch about this deal!

9/23/2007 10:53:00 AM  
Anonymous Anonymous said...

mr.jones said...
. . . "What the hell is a family member doing Biz with the city?" . . .
-------------------

I belive a nephew does not count in the City's ethics policy.

9/23/2007 11:31:00 AM  
Anonymous Anonymous said...

At face value it is a rotten deal because if that land had any firm value lawyers or politicians would have eaten it up. Rezsko would have scooped it up a long time ago.
Daly does not care what he does legal or illegal because nothing will happen to him. Nobody watches where those funds invest their money or how risky the investment is. Daly just tells them how much to give and they say thank you sir may I have another. We need some sort of watch dogs.

9/23/2007 11:32:00 AM  
Anonymous Anonymous said...

Is there anything really illegal about this? NO.

Why else do scumbags want to be politicians? So they can scam money from projects like these!

* Why did Daley tear up Meigs Field in the middle of the night? He said it was for security /terrorist reasons. BULLSHIT.. It was to make money from the new Charter One pavilion.

* Why does he want the 2016 Olympics? MILLION if NOT BILLIONS are to be scammed.
And it's all legal; however ethically immoral.

9/23/2007 11:41:00 AM  
Anonymous Anonymous said...

remember to put yourself into that list of people making money u p.o.s. if u cant take care of your family then who can you take care of. its the chicago way. jon burge rocks.

9/23/2007 11:47:00 AM  
Anonymous Curious said...

Speaking of corruption, when is George Ryan reporting to prison?

9/23/2007 11:56:00 AM  
Anonymous Anonymous said...

Hey, SCC don't publish this, but I think I know who you guys are!!!!
Your rein of arrogance is about to end?????
Pay back time?????
Anywho, thought you would like to know, you two are not all bad, but me thinks you got a little too big fo yo britches, bitches!!!
Hee he he he,

Sinper in da bush! (not george)

9/23/2007 12:13:00 PM  
Anonymous Anonymous said...

Sinper in da bush (not georges) says...
I know a dirty little secret SCC< dats who you be.
a riddle for thee,
You know the snipers you see, but forgot about me!!!!
he he he
Tough time around the water cooler explaining all the cheap shots you took at people in the past.
Don't publish, this is fyi, for now!

9/23/2007 12:16:00 PM  
Anonymous Anonymous said...

Will someone please tell the US Attorney to bring a case against this piece of shit Mayor , NOW !!!!!! He deserves to run this city as much as I do and I don't deserve it. There has to be something wrong with this whole senario . Please nail this asshole.

9/23/2007 01:09:00 PM  
Anonymous Anonymous said...

Anonymous said...
Q)Does anyone really think this is a good idea?

A)99.99999% of Chicagoans could think this was a bad idea and the plan would still go through.

"The mayor had nothing to do with his nephew getting city pension business, Daley spokeswoman Jacquelyn Heard said. "He doesn't do things like that. It's just not his way."

Don Lucchesi: Finance is a gun. Politics is knowing when to pull the trigger.

9/23/2007 05:45:00 AM

HEY MS. HEARD WHY DOES YOUR CRIMINAL BROTHER USE YOUR FREE CITY CAR AND FREE GAS? MS. HEARD THE TRIBUNE WAS HAPPY WHEN YOU LEFT. CAN YOU TELL MAYOR BABBLES TO TALK CORRECTLY, HE TALKS LIKE HE HAS A GED! SAME AS HIS HIGHER UPS!

9/23/2007 01:11:00 PM  
Anonymous Anonymous said...

When oh when will the people of Ghicago see this gangster for what he is?

9/23/2007 01:30:00 PM  
Anonymous Anonymous said...

Is George Ryan ever going to prison??? Almost all the "poor Innocent's' he freed from death row are waiting for him. No, wait they went to real prison. They have not finished the Starbucks at the country club he hopes/will go to.

9/23/2007 01:39:00 PM  
Anonymous Anonymous said...

HERE IS THE BEST PART IF HE LOSES ALL OF THE 68 MILLION DOLARS HE AND FRIEND WILL STILL COLLECT BETWEEN 3 TO 8 MILLION DOLLARS IN MANAGEMENT FEES. THE FEDS WENT AFTER THE TEAMSTER S;PENSION FUND BECAUSE THEY LET MONEY TO MOB IN VEGAS BUT AT LEAST THE PENSION FUND MADE A BIG PROFIT ON THE LOAN.

9/23/2007 01:45:00 PM  
Anonymous Anonymous said...

Is there even one family member of Daley who makes an honest living entirely outside of Chicago taxpayer or pension money?

Even one?

And this is with YOUR severely underfunded pension money.

When is enough enough?

9/23/2007 01:46:00 PM  
Anonymous Anonymous said...

When the city sends out letters stating that there is no money left to fund the pension therefore you will not be getting your check, you will see City Hall burn to the ground. Yes, you will see concrete and marble melt. Is there an opinion yet from the FOP?

9/23/2007 01:54:00 PM  
Anonymous Anonymous said...

Did Daley's nephew take the Ethics test? Can we see the print out of his certificate?

9/23/2007 01:56:00 PM  
Anonymous Anonymous said...

The CPD Pension Fund voted 7 - 1 to approve this. That means some of the sworn board members didn't have the backbone to say no.

9/23/2007 02:07:00 PM  
Anonymous Anonymous said...

It is easy to speculate on real estate in the city when your getting inside information on where public funds will be allocated for future developement. Oh and if you dont have any of your own funds to invest, you can just use these Underfunded pention funds for your own personal gain.

Is this wrong uncle Richie?
Who cares son, I can do anything I want and if it goes to shit I'LL just blame others.
Laugh, Laugh, Laugh

9/23/2007 02:19:00 PM  
Anonymous Anonymous said...

What balls on this man---Da Mayor of Chicago!

9/23/2007 02:19:00 PM  
Anonymous Anonymous said...

Man, pension funds in risky real estate investments. Oh, don't worry retirees, Daley will just get more money from the taxpayers to bail out the funds. How could any of you people think that Daley doesn't have the best interests of the citizens -- I mean his family at heart.....

People wonder when this will end? When the Feds grow a pair and bring an indictment.

9/23/2007 02:25:00 PM  
Anonymous Anonymous said...

On a related topic, a buddy sent me this. Does our plan work this way, too?

Pension padding: Police use off-duty pay to boost retirement checks
By Bill Morlin and Karen Dorn Steele, The Spokesman-Review, Spokane, Wash.
McClatchy-Tribune Regional News

Sep. 23--Police officers in Spokane and other Washington cities are using off-duty pay to supercharge their state retirement pensions -- a legal but little-known practice.

While the extra pay boosts the gross incomes of moonlighting officers, it also means cities and the state must make greater contributions to the police pension system, which was substantially revised by the Legislature in 1977 because the older system cost too much.

A review of Spokane Police Department payroll records from 2003-2006 shows approximately 100 officers a year -- about one-third of the force -- were paid a total of $691,687 by private businesses and nonprofits for off-duty work, an annual average increase of $172,922 to their gross incomes.

Under rules of the police pension system, an officer's retirement is based on the "final average salary" from the last five years of employment.

According to an analysis of city payroll records, many of the Spokane officers who earn the most off-duty pay are in the final five years of their careers. The money they add to their pensions is often called their "freedom fund," according to one officer who asked not to be identified.

9/23/2007 03:16:00 PM  
Anonymous Anonymous said...

After reading this I want to roll around naked in pool of peanut butter and scream"oh God make it stop. This is why I am learning to speak Portugese and eventually wish to retire there to open a brothel,which caters to lactose intolerant mimes.

9/23/2007 03:29:00 PM  
Anonymous Anonymous said...

Amazing! what the public tolerate.

9/23/2007 04:06:00 PM  
Anonymous Anonymous said...

Just a little insight for you all:

Bob Vanecko is an ultra conservative family guy that lives on the northside in the Sauganash area he grew up. I can tell you business is business and he stands to make millions if it takes off. For your info. he is a successful man with or without his "uncle". He put himself on the map and of course some family help goes a long way but so does his intelligence.

Maybe the city is trying to invest in this venture and foresees that it can be prosperous for the city government and future etc. I don't know. I do know I wish I had enough to invest in the project it should turn to gold. Unless there is a full scale riot and or the city burns or feds find something we don't know about.

This proposal to his "uncle" and his staff must have made sense (cents) for the "uncle" to run with it. You figure Daley had it looked at deeply, you know all angles had to be analyzed before committment is given to this or any project.

At least I would have thought it through if I was mayor. You know the criticism will fly as soon as the public hears of this venture etc. but if it takes off and prospers then it sounds like a lot of money to be made for the city if it works out. Wonder if we could invest in the future of Chicago. This is what the regime will do anyway so offer us a slice on some return here!

Am I pro Daley? Not really, but things are happening to make Chicago an ever growing and prosperous place. Prosperous for who? Well thats another issue!!!

9/23/2007 04:43:00 PM  
Anonymous Anonymous said...

Wasn't there a question similar to this in our ethics test? And I believe the answer to that question was FALSE!!!! Would this criminal please just die already.

9/23/2007 05:11:00 PM  
Anonymous Anonymous said...

DA MAYOR FORGOT TO LOG ON AND TAKE HIS ETHICS TEST - YOU KNOW? THE ONE THAT WAS MADE IMPOSSIBLE TO FAIL. HMMMMM... WITH THAT SAID, INDICTEMENT OR IMPEACHMENT IS IN ORDER!

C-MON FBI, FORGET JOEY THE CLOWN AND HIS CREW, THIS FUCKING GUY MAKES HIM LOOK LIKE A FUCKING GIRLSCOUT!

TEFLON RICHIE!

9/23/2007 05:16:00 PM  
Anonymous Two off the top said...

In the dictonary next to the word BALLS is Daley's Picture. He has the balls to fuck with our pension money. and then his nephiew has the balls to say no ome knew that he was my uncle. Do they really think that we are that dumb.

9/23/2007 05:19:00 PM  
Anonymous Anonymous said...

OFF TOPIC:
Congrats to all the members of the CPD Pipes & Drums on your outstanding performance last night at the Center on Michigan Ave. You, NYPD Pipes and the Pipes from New Jersey was one of the most enjoyable nights I sharded with the wife in years. THANK YOU, Everyone involved needs a pat on the back. Also, the Pipers marching at 9;45 pm in the Loop was a one in a lifetime event that really put this city in a kool spotlight.
Tourist were stopped in their tracks taking pictures and commenting just how exciting your event was.
Thanks Again

9/23/2007 05:41:00 PM  
Anonymous HATER said...

ITS EASY FOR THE MAYOR TO MAKE BILLIONS WITH A "B".

HIS NEPHEW BUYS TRACKS OF LAND IE.
ABANDONED LOTS NEAR SOUTH STATE ST/WABASH

LAND ON THE WEST SIDE NEAR THE OGDEN CORRIDOR

SITES NEAR OLMYPIC VENUES.

DA MAYOR CUT THE LOCAL ALDERMAN A SMALL PIECE. THE ALDERMAN THEN REZONE THE LAND

LET SAY THE LOT IS ZONED FOR RESIDENTIAL THE ALDERMAN CHANGES IT FOR COMMERCIAL OR FACTORY.
THE LAND WOULD THEN INCREASE IN VALUE MULTIPLE TIMES.

LIKE TAKING CANDY FROM A BABY ON CRUTCHES

9/23/2007 05:55:00 PM  
Anonymous Anonymous said...

The next Pension Board meeting is at 221 N. LaSalle at 9:00 AM on this Thursday 27 Sep 07. I will be attending and I hope some of you whiny bitches go too. I've been talking with numerous PO's who cry and moan how we are getting fucked. Well, this is the time when you can show these jagoffs we ain't taking it. Our pension board voted 7-1 for the investment with Daley's nephew. I want to ask who the lone holdout was. I want to know why the other patrol reps voted for this. I hope some of you join me as I can't fight this battle alone.

9/23/2007 06:20:00 PM  
Anonymous Anonymous said...

I saw the mayor parked in a handicapped zone the other day. He has a placard that says MORAL CRIPPLE!

9/23/2007 09:18:00 PM  
Anonymous Anonymous said...

If you go to a pension meeting and expect to be heard, you must put in a request, in writing, to be put on the agenda, or you will be "OUT OF ORDER AND NOT HEARD"!

9/23/2007 09:43:00 PM  
Anonymous Anonymous said...

WOW..Unbelievable!


First the FOP allows the Pension fund to forgive a multi-million dollar loan that was taken from us by the city, during the last contract, for nothing in return.

NOW they again allow our pension fund to give 15 million dollars to the Mayor's kin for some high risk "ponzi scheme" whereby we WILL LOSE our money, but it will generate Hundreds of thousands of dollars in "commission fee's" for this punk kid who lives in Sauganash while we can barely afford clearing/garfield ridge or Mount Greenwood!

Fuck these assholes!

They better install more "red light" cameras..because I'm done writing movers/anovs/or parkers!!!!!!!!!!!!!!!!!!!!!!!!!!!

9/23/2007 10:50:00 PM  
Anonymous not a bosses kid said...

Well if I'm not mistaken, the pension fund is made up of (1) PO, (1) Sgt, (1) Lt, and the, remainder are political appointee's picked by his royal highness (king richard). One might be the city clerk or some cabinet person in Daley's cabal!

I sure hope the PO was the nay vote!

Also, I would sleep better had the pension fund given $15 million @ 4-5% interest to coppers to get affordable mortgages, so they could afford a home in a decent neighborhood.

At least we wouldn't lose it and we would be helping OUR "police family" as opposed to King Rich helping HIS family..with our money!

9/23/2007 11:14:00 PM  
Anonymous Anonymous said...

What kills me and I hate to admit it with several family members on the CFD, did you lads notice the fire fighters executive committee refused to place any money from the pension fund in the nephews scheme?

I wish my FOP would sue Mayor Dumb Dumb, his excellency, king what ever for the money he recieved from the Skyway.

This money should be used to fully fund the CPD, CFD and the laborers pension fund. The FOP will roll over and probably vote for a ten year contract. Hopefully the teamsters will hold out and not ratify the contract.

Daley wants the Olympics therefore we must sabatoge the process. What he wants is not good for the Real Police or our fellow city employees.

We dont want the Olympics, I worked the 96 convention, 92 World cup and family worked 68 convention, west side riots, fires and 67 snow storm.

Only Daley and his Cronies will benefit. The city can and will survive, we dont need the bs, just think of the poor guys on the job in 2016 having there summers ruined
with the games and the foreigners invading Chi-town.

9/23/2007 11:27:00 PM  
Anonymous Anonymous said...

re:

This proposal to his "uncle" and his staff must have made sense (cents) for the "uncle" to run with it. You figure Daley had it looked at deeply, you know all angles had to be analyzed before committment is given to this or any project.

Are you kidding me? Just like he looked at all the angles of Million Dollar Park, O'Hare Expansion, every city school being built, etc. If this guy was the head of a pulicly traded company he would have been gone before his first day in the job. You think Enron was bad

9/23/2007 11:41:00 PM  
Anonymous Anonymous said...

The father of Bob Vanecko is Robert Vanecko Sr. The Chief of Surgery at Northwestern Hospital. He is a world renowned surgeon, and a fantastic human being. He performed a complicated chest surgery on my 8 year old daughter some 18 years ago. I would have done, or paid anything to get her healthy. He was incredible with my daughter. I mentioned to Dr. Vanecko that I needed a ballpark figure for his services in order to figure out my financial game plan. He said that as a police officer I was insured, and that should cover the cost and not to worry about that until after the surgery. He spoke very highly of the police. Well my daughter came through like a champ thanks to him. He never charged me anything out of pocket for saving her life. Multiple office follow ups where needed and he refused to bill me for those visits. I had a friendly disagreement one day with him about paying for my daughter's check ups in his office. He would not even hear me out. A nurse from his office told me on the way out that he "does that all the time". Over the years whenever I mention his name, people have similar stories. It's impossible to find anyone who says a bad word about Dr. Vanecko. I'll bet the son is basically a good guy because his father is a prince.

9/24/2007 12:53:00 AM  
Anonymous Anonymous said...

What everyone is missing is the interests the money is making while waiting to make these investments. And guess who gets to keep that interest? You guessed it. They only money the investors recieved is the money from the investment porperty, not the interest the money is making in holding accounts. Lets see...$65,000,000 even at 3.0 percent inreset is $1,950,000.00 a yr. So basically they will rake over 30 MILLION off this account throught he years. I am sure Mayor Daley will get his cut.

9/24/2007 01:01:00 AM  
Anonymous Anonymous said...

Let's say that this real estate scheme actually does work as planned and big bucks are made for Daley and family. What, if any, is the cut that the pension fund will get? This is the question that needs to be asked of the pension board at the meeting on the 27th. Since the pension fund is way underfunded, perhaps a very large chunk of the profits could be put back into the fund to help it get back to where it would be if not for the politicians constantly dipping their grubby hands in it.

9/24/2007 01:26:00 AM  
Anonymous Anonymous said...

Related to: "Pension padding: Police use off-duty pay to boost retirement checks"

Something like this also occurs in the NYPD. As I understand it, there they retirement is based on there last years salary, INCLUDING OVERTIME. So in their last year, the old timers hit the street and become supercops, making all the arrests and court time they can.

That would be nice to have here, it would also be if Speaker Madigan passed the 80% bill. Keep that in mind when Lisa runs again.

Another good thing would be to have Out of Grade Pay pensionable. If you are an Acting Desk Sergeant, Acting FTO and so on, make the contributions and get the upgrade. Not going to retire for a while, opt out of that or reclaim the contribution money after the end of the year just as you would if you gave up being an FTO or Detective.

9/24/2007 05:28:00 AM  
Anonymous Anonymous said...

"I'll bet the son is basically a good guy because his father is a prince.

9/24/2007 12:53:00 AM"

Think so huh?
More BS Fantasy Story from some agent provacteur trying to sell us on another connected Thief. Talk about insiduous and to use that type of story shows you how lows Daleys criminal element will stoop in order to gain credibility. Scary& real sick...

9/24/2007 07:43:00 AM  
Anonymous Anonymous said...

Again and always daley just takes,steals,lies whatever he can do anything he wants without remorse! What a jagoff, but then again mobsetrs are in jail and he is free to wreck havoc on anyone anywhere! Go public with his exploits he will destroy you just ask Miriam Santos and James Laski how this guys web can tangle anyone!

9/24/2007 08:38:00 AM  
Anonymous Anonymous said...

One guess as to where most of the real estate investments are going:

The east and south parts of 001;

Follow King south thru 021 into 002;

All the vacant lots and a 3-4 block radius of homes and buildings around Washington Park.

Voila! 80-90% of the land needed for the Olympics. Plus you plop that casino somewhere on beat 134. Is this really that obvious?

9/24/2007 10:22:00 AM  
Anonymous Anonymous said...

WHO on the POLICE PENSION BOARD OKAYED A HIGH RISK REAL ESTATE DEAL WITH DALEY CLAN INVOLVED???
WITH ANY HIGH RISK DEAL INVOLVED???. THESE PEOPLE ARE SUPPOSED TO PROTECT OUR MONEY...

9/24/2007 10:37:00 AM  
Anonymous Anonymous said...

FYI - The NYPD no longer bases your pension on the last three years of gross pay(OT, Out of grade etc.). It's now based on your salary only. Rudy Guiliani changed the old format when he was elected mayor and the city was almost bankrupt. Sucks for the POs, but really it was the smart and logical thing to do financially for the taxpayers. Lets see, a fiscally responsible Republican gets elected mayor. He eliminates waste in government spending and gives tax breaks to big business. Result; NYC comes out of the hole and Times Square is transfromed from a filthy porn skid row into a thriving business district attracting the likes of Disney, Virgin Atlantic, Nike etc. Lesson learned; Tax breaks will ultimately CREATE more tax revenues. We miss you Ronald Reagan.

9/24/2007 11:55:00 AM  
Anonymous Anonymous said...

Why don't we ever have a say so as to where our money goes????
Did you notice how the fire fighters declined to invest in this crap?

WE DO. YOU ELECTED THE BOARD MEMBERS WHO VOTED FOR THIS. YOU CAN VOTE THEM OUT.

9/24/2007 12:51:00 PM  
Anonymous Anonymous said...

thanks to the person who wrote nice words about the dr.....nice to finally see something being nice being said about someone on this blog.

9/24/2007 06:32:00 PM  
Anonymous Anonymous said...

All I can say is that when I retire my pension money had better be there!!!So much for ethics!!!
These goofs are unbelievable!!!

9/25/2007 08:44:00 AM  
Anonymous Anonymous said...

"thanks to the person who wrote nice words about the dr.....nice to finally see something being nice being said about someone on this blog.

9/24/2007 06:32:00 PM"

SIGNED BOB VANECKO JR

9/25/2007 09:10:00 AM  
Anonymous Anonymous said...

"Maybe the city is trying to invest in this venture and foresees that it can be prosperous for the city government and future etc. I don't know. I do know I wish I had enough to invest in the project it should turn to gold. Unless there is a full scale riot and or the city burns or feds find something we don't know about."

MORE PROPAGANDA BULLSHIT THIS COMPANY HAS BEEN IN EXISTENCE FOR TWO YEARS WITH A ZERO TRACK RECORD IN INVESTING.
IT WAS CREATED FOR THE SOLE PURPOSE OF STEALING OUR PENSION FUNDS & TO PROVIDE CAPITAL FOR RISKY GHETTO LAND DEVELOPMENTS.
NOTHING MORE.
YOU ARE NOTHING MORE THAT A OUTFIT LACKEY SPREADING LIES. YOU'D HAVE MADE AN EXCELLENT NAZI OR FASCIST.

9/25/2007 09:16:00 AM  
Anonymous Anonymous said...

I also am thankful for the post about the decent Dr. I have my own story to add. A certain Commander on the job, well known by many and respected - however I will leave out name or other references to protect him and those who love him from your snide and callous comments- suffered a heart attack while at home. He was rushed to the hospital, where, long story somewhat shorter, his life was saved by the cardiac surgeon. When thanking the good Dr. for saving his life, the Dr. responded: "No, sir, thanking you, you and all the other police who are out there sacrificing time from your families and sometimes even your lives. Myself, my familiy and my community thank you. I was just doing my job.
!!!!!
Take heart, my brothers, there really are good people out there!
God Bless.

9/25/2007 09:19:00 AM  
Anonymous Anonymous said...

Robbins (Markie's mouthpiece) on the pension board voted yes to give the our pension money to daley's kin folk

9/25/2007 10:08:00 AM  
Anonymous Anonymous said...

I know Bob Vanecko personally. He's as straight a shooter as anyone you'll ever meet. That pension money is as safe as if it was in Ft. Knox....

9/25/2007 12:39:00 PM  
Anonymous Anonymous said...

While not happy about another relative of the mayor getting his fingers into our pockets.

This IS a great time to get into Real Estate. It is a buyers market. They(buyers) are forced to reduce the price hence not making as much money. Believe me the operative phrase being "as much".

Being that I have options on 2 buildings now that I couldnt realistically done this time last year. Owners are doing what they can to dump some of their properties.

Thats the only good thing. maybe it will work??? I dont hold much hope though

9/25/2007 04:44:00 PM  
Anonymous Anonymous said...

I was at the Sgt's PBPA Meeting last Thursday. John Gallagher the
Executive Director stated that if we they kept with conservative investments the pension fund would be broke in 30 years. (Approximately 2037)

Therefore, it was more important to invest in higher yielding / high risk funds such as this. Also, we and the city must eventually pay more into the fund.

9/25/2007 07:50:00 PM  
Anonymous Anonymous said...

Therefore, it was more important to invest in higher yielding / high risk funds such as this. Also, we and the city must eventually pay more into the fund.

THIS ISN'T A FUND. IT'S A VERY HIGH RISK INVESTMENT WITH THE ONLY GARAUNTEED PROFIT GOING TO THE MAYOR'S NEPHEW.

9/25/2007 10:04:00 PM  
Anonymous Anonymous said...

Robbins (Markie's mouthpiece) on the pension board voted yes to give the our pension money to daley's kin folk

Garauteed jobs in the future for him and Mark.

9/25/2007 10:05:00 PM  
Anonymous Anonymous said...

VII may be a wonderful guy but what is his Real Estate development background?

I also don't get a warm fuzzy feeling about how this was all being done in the dark before the Sun-Times came out on it.

It doesn't pass the smell test.

Politicos should not have access or influence on pension fund investments, period.

These days with sophisticated computer technology, software and databases, all you guys should be able to self direct where your pension money is invested on a laptop computer or phone menu as you're taking a crap at home but that isn't ever going to happen because the power doesn't want to lose power.

Get off your asses and go to that hearing on the 27th as many of you as possibly can, go.

Be heard in the street if that's what it takes. Fuck their agenda. Make them hear your agenda.

If the streets are full of men and women coppers in blue holding signs saying keep our pension free of political appointees influences, you're on the news and you'll force the pussies at the Trib and the T.V. stations to cover this right.

The King will shit his pants when he sees that.

9/25/2007 10:11:00 PM  
Anonymous Anonymous said...

VII may be a wonderful guy but what is his Real Estate development background?

I also don't get a warm fuzzy feeling about how this was all being done in the dark before the Sun-Times came out on it.

It doesn't pass the smell test.

Politicos should not have access or influence on pension fund investments, period.

These days with sophisticated computer technology, software and databases, all you guys should be able to self direct where your pension money is invested on a laptop computer or phone menu as you're taking a crap at home but that isn't ever going to happen because the power doesn't want to lose power.

Get off your asses and go to that hearing on the 27th as many of you as possibly can.

Be heard in the street if that's what it takes. Fuck their agenda. Make them hear your agenda.

If the streets are full of men and women in blue holding signs saying keep our pension free of political appointees influences, you're on the news.

The King will shit his pants when he sees that.

P.S....I'll be there and I'm not even a part of the pension. I just want to hear what kind of circle jerk mind fuck pitch they are going to give you guys. But I'll be wearing blue in support of all of you.

9/25/2007 10:13:00 PM  
Anonymous Anonymous said...

jus let me last 4 more years on this job,please. then i'm outta here livin outside chicago illinois. somewhere warm, with good fishin and ice cold beer.

9/23/2007 09:04:00 AM

now I'm sending messages in my sleep. that's exactly how I feel but I don't remember sending that message.

9/26/2007 09:42:00 AM  
Anonymous Anonymous said...

What I would like to know is who are the board members(by name/rank/unit) and how/why did they vote this way?

9/26/2007 09:54:00 AM  
Anonymous Anonymous said...

Anonymous said...
The father of Bob Vanecko is Robert Vanecko Sr. The Chief of Surgery at Northwestern Hospital. He is a world renowned surgeon, and a fantastic human being. He performed a complicated chest surgery on my 8 year old daughter some 18 years ago. I would have done, or paid anything to get her healthy. He was incredible with my daughter. I mentioned to Dr. Vanecko that I needed a ballpark figure for his services in order to figure out my financial game plan. He said that as a police officer I was insured, and that should cover the cost and not to worry about that until after the surgery. He spoke very highly of the police. Well my daughter came through like a champ thanks to him. He never charged me anything out of pocket for saving her life. Multiple office follow ups where needed and he refused to bill me for those visits. I had a friendly disagreement one day with him about paying for my daughter's check ups in his office. He would not even hear me out. A nurse from his office told me on the way out that he "does that all the time". Over the years whenever I mention his name, people have similar stories. It's impossible to find anyone who says a bad word about Dr. Vanecko. I'll bet the son is basically a good guy because his father is a prince.

Ok Asswipe, My dad is a good guy too! Can I have a few million?

9/26/2007 10:53:00 AM  
Anonymous Anonymous said...

My wife is a nurse at Northwestern who has worked for Dr. Vanecko. I asked her about the post regarding the coppers daughter. She said it is probably 100% true. Said the guy is the nicest, most sincere doctor she ever met. Never heard him talk about money, boats, vacation homes, etc. Every young patient, or child of a patient he dealt with was told to study hard in school, listen to their parents, and do the right things. She said some doctors can be pretty stuck up and aloof, but that Vanecko is a down to earth guy. People from all over the country and the world come to Northwestern to listen to him. He is very well liked by the staff there. She has met his kids at hospital functions and said they where extremely polite and bright. The kid obviously has a good pedigre, so lets see. Somebody, somewhere is going to make money off managing our pension fund. Better someone like him than some Cook County political hack with a degree from Chicago State. And no, I'm not related to the kid.

9/27/2007 12:51:00 AM  

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