Another Vanecko Disaster
And therefore, another disaster for our pension funds:
For the last three years, Mayor Daley's nephew Robert G. Vanecko has been a frequent figure in the news.
First, when the Chicago Sun-Times revealed that five city pension funds gave him $68 million to investment in risky real estate deals.
Later, when a federal grand jury began investigating.
Now, Vanecko's real estate deals are falling apart, records show, potentially jeopardizing the money he got from the pension funds representing Chicago's police officers, teachers, city employees and CTA workers.
And who approved giving this connected jackass millions of dollars in our pension money?
Labels: pension
posted by SCC at 12:03 AM
21 Comments:
steven J. Lux Appointed Trustee
Stephanie D. Neely Treasurer
Robert F. Reusche President
Gene R. Saffold Appointed Trustee
Kenneth A. Hauser Vice President
Mike Lazzaro RecordingSecretary
James P. Maloney Elected Trustee
Mike Shields Elected Trustee
if u notice the sgt's and lts have the same amount of voting power but not even half the members in the pension.
SO IF IM DA MAYOR I TAKE CARE OF 1 OF THE ELECTED OFFICER AND MY VOTES WILL ALWAYS GO MY WAY.
NOW WHO DO U THINK VOTES WITH DA MAYOR OFTEN??? OR DOES DA MAYOR HAVE MORE THAN 2 ELECTED SPOTS IN HIS POCKET???
ANY CLUES??
ALMOST LIKE F.O.P FORGIVING MILLIONS IN LOANS HMMMM.
"And who approved giving this connected jackass millions of dollars in our our pension money?"
I'd start the inquiry with a certain Stephanie D. Neely to get at least part of the answer to this felonious misdeed.
As Mike Shield's investigation revealed, Neely has proven to be little more than a rubber stamp, authorizing the giving away of millions of OUR pension dollars, knowing full well that it went into the hands of a major player in Daley's Crime Syndicate...his nephew.
Now Neely is on the ropes and in defense mode, trying to minimize her role as defrauder and willing participant in one of the biggest financial thefts since Bernie "Made Off" Madoff with the life savings of hundreds of chumps. Neely's defamation lawsuit against Shields is little more than poorly planned damage control. News flash, Baby Girl! It's much too little, much too late.
Those of you that have other "priorities" on your mind had better get educated as to what is going on with the state of our pension. Take a little time and do some reading about this topic or talk to some of the older guys that have some knowledge of this subject. Look a bit further than that damned retro check; the year 2022 has a "Finish Line" attached to it, and it isn't when Daley's O'Hare expansion project is slated for completion.
I sincerely hope Shields make a run for FOP President. It's obvious that he has our best interests in mind financially, and I'd bet the farm that he'd apply the same veracity towards every other aspect of the working coppers' well being.
vanecko has nothing to worry about. He may be the target of scorn, but uncle shanks no doubt got his cut, so nothing will happen to him. The D.C. branch of the Chicago Cabal of Evil men, under theleadership of the Socialist White House, will tell Holder, "Hands Off". He's a friend of ours. We must stick together. He misused those pension funds, but if we have it OUR WAY those pension funds will be non-existant Soon anyway. How much longer will this crap be allowed to go on ??????? We have to get them at the polling places & refuse to vote for Democrooks. Their present rule in anything but Democratic.
JAIL Fuk him and the whole family Enough is enough -former 11th ward guy
pension impropriety is a real reason to protest.
The mayor can no longer say he was without knowledge, it's been in print too long.
now is the time to march united. the weather is nice, there is too much to lose if the rank and file stays closed mouthed.
the health insurance is toast, do you also plan to go without your pensions.
you've lost more in the past 3 years than we've gained in the past 20
retired
This is probably like screaming in a wind tunnel, but why is the solution put forth by this esteemed pension fund panel is to lower employee benefits and raise their contributions?
Where are the advocates for the employees? Why hasn't this pension committee called into question the city's long time method of not funding the benefits of employees until they retire? Sounds feasible when times are tight, but they've done in during the good economic times now they're behind the 8 ball cause the to economy sucks.
If you've got the money to fund the pension properly during good economic times this wouldn't be a problem now.
Why is this issue ignored? The pension is not in trouble because retirees get too much money. Why doesn't some one say so.
The city doesn't fund the pension intelligently and connected Daley relatives are given carte Blanche
to make horrible investment deals with our millions.
Why can't we sue the city and pension fund to act properly?
It's been a rough week for Richie:
The gun ban loss
More Vanecko drama
Burge (it happened on his watch)
Jane Byrne talking on the radio
Every dog has their day, Mayor.
For the record...
I do recall that the only one that voted AGAINST it was the Sgt's rep. Mike Lazzaro.
When asked why he was the only one to vote against it, he openly indicated that out of fairness to all the others, no one on the board knew of the Daley connection at the time of the vote.
He went on to indicate that while he initially was lauded for the lone vote against Vanecko, he stated that his "NO" vote was based upon his investigation that the particular firm did not have an extensive enough record of successful investments to consider them for handling our funds.
Although he disagrees with many of the others on occasion, he said they were duped and his no vote was based solely upon the interest of the fund in this case and not any crystal ball information.
Thanks, shortshanks for sticking it to us again from the Daley crime family.
And by the way, wher is the mayor's son Patrick?
Quit talking about Vanecko, nothing ever happens to him so just stop it!
Where was Mike Lazzaro when all this was approved???!!!
Let's not forget about the other invloved family member of Daley's who resides in Russia. Last time I checked my lawbooks, subpeona's for a grand jury investigation can't be served to individuals there. Guess why junior is still hiding out. To avoois being served. Mr. Fitzgerald, any comment on this?
Shields got in because the stooge that Donahue put in there was the one who voted to allow this deal to go through. Pay attention Jackass.
Hey Fitzgerald, you still have a spine and your balls, or did you sell em to nobama. Time to put the whole Daley crime family away.
Hey Fitzgerald, how about putting Vaneko, Davis and little boy Daley in jail instead of wasting out tax money on Burge. Burge didn't steal any money but Daley, Jr. Vaneko and Davis did............
Why keep thinking the Feds are legit and will help with all this corruption? Whitey Bulger, John Connelly, Hansen and the act of prematurely pulling the Blago wire. Feds are as legit as the city , they just cover themselves a little better.
Now they are going to vote to take Jon Burge's pension away. They can't watch the cash but they can OBEY Shortshanks and screw the guy even further.
This shit stinks to high heaven!
We have no idea why in other parts of the world, epic thievery of this sort would result in the perpetrator being summarily tried, tied to a post, shot and left for the crows.
Shortshanks has been stealing from/chronically underfunding our pension for years but it's all the "greedy Policemen's fault" that the pension is rapidly nearing insolvency???
Well... He blames the Police for every damn thing else and thanks to the Daley Inc. media spin apparatus, the majority of people believe him.
Half Billion hole in the city budget? Blame the Police! (the media refuses to call bullshit on his back-of-the-bus 3 card monte on TIFS and why the city keeps several sets of cooked books)
Lay-offs for other city workers?
Blame the Police.
Sour economy? Blame the Police.
The amount of shit-talk from the public is more than aggravating.
"Take their sweet pensions and early retirement away. Who said they were special? We're eating our 401K's and short selling our condos, why should THEY get a raise? No one else is getting a raise! Fire 'em all and hire us, we'll work for half and no insurance, how hard can it be?"
GET OVER YOURSELVES! Don't be mad and pissed because you were pointing and laughing five years ago. "Who the hell wants to be a cop? I make over $100k and I have $500k in company stock a nice car and a $600k condo. Life is good and it sucks to be you, copper!"
Laugh now, cry later.
Don't be pissed because you stood in the wrong line.
Anyway...
We hope to see the day that the Daley Family and Daley Inc. in it's entirety is so famously busted out in Chicago that they have to flee under cover of darkness while crying, dressed in rags and dragging the coffins of their deceased on two-wheel donkey carts.
Thus be it ever to tyrants!
For sure, Satan is stoking a special hot fire for shorty.
Whos going to jail and when?
can we sue?
There was a time when the mayor could not touch the pension, however, since the appointments of trustees and state changes, it FREE MONEY
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