Ad: [ ? ]
TODAY

Friday, October 31

Gapers Block
Search

Gapers Block on Facebook Gapers Block on Flickr Gapers Block on Twitter The Gapers Block Tumblr


The Mechanics
« New Report Looks at Affordable Housing and Neighborhood Market Conditions Community Organizer Amara Enyia is Taking on Rahm Emanuel to Make a Point »

Election 2014 Tue Jun 24 2014

Rauner Donor's Hedge Fund Group Received $200 Million in Bailout Funds

The Sun-Times reported on Friday that Citadel, a hedge fund founded by Kenneth Griffin, received $200 million in bailout funds in 2009 from AIG.

Griffin recently gave Bruce Rauner's gubernatorial campaign $2.5 million in campaign contributions. Griffin has also given more than $1 million previously to Rauner's campaign as well as allowing Rauner to use Griffin's private jet for campaigning in Illinois.

Griffin was able to give $2.5 million to Rauner's campaign due to a loophole in campaign finance laws, according to Ben Joravsky and Mick Dumke of the Chicago Reader.

Chicagoist explained in 2009 that Citadel received the bailout funds from AIG due to investments made, including those such as bonds, securities and mortgage-backed securities. As a result of the investments made by Citadel, AIG owed the hedge fund money.

Rauner notably described himself as being part of the ".01 percent." He has given $6.5 million to his own campaign according to the Reader.

 

Add a Comment




Please enter the letter h in the field below:



Live Comment Preview


Notes & Tags

Items marked with a * are required fields. Please respect each other. We reserve the right to delete any comments borne out of douchebaggery or that deal in asshattery.

Permitted tags and how to use them:

To link: <a href="http://blahblahblah.com">Link text</a>
To italicize: <em>Your text</em>
To bold: <strong>Your text</strong>

Feature

Bruce Rauner and the Illusion of Reform

By Monica Reida / 0 Comments

Bruce Rauner has been running on a promise of shaking up Springfield, which is not shocking from any political candidate. Candidates often run on the promise of making progress or taking back the seat they are running for. Rauner seems... More...

Special Series

Classroom Mechanics Oral History Project



About Mechanics

Mechanics is the politics section of Gapers Block, reflecting the diversity of viewpoints and beliefs of Chicagoans and Illinoisans. More...
Please see our submission guidelines.

Editor: Monica Reida, mr@gapersblock.com
Mechanics staff inbox: mechanics@gapersblock.com

Archives

 

 Subscribe in a reader.

GB Store

GB Buttons $1.50

GB T-Shirt $12

I ✶ Chi T-Shirts $15

Newsletter

Sign up for our free email newsletter I Star Chi and get a weekly round-up of the best of Gapers Block, plus our picks for must-do events each weekend!

istarchi

Preferred format    Preferred format