SUBSCRIBE to Capitol Fax      Advertise Here      Mobile Version     Exclusive Subscriber Content     Updated Posts    Contact
CapitolFax.com
To subscribe to Capitol Fax, click here.
Bill Brady piles on

Monday, Jan 27, 2014

* The Tribune takes a relatively quick look at Bruce Rauner’s problems with his nursing home investments, including alleged deaths and major lawsuits

But earlier this month, attorneys for GTCR and the other parties called the law firm’s complaint a “fantastical, meandering tale.”

“Each successive pleading is more chaotic, implausible, melodramatic and absurdly far-reaching in the scope of its various conspiracy theories than the last,” the defendants’ lawyers said.

In a separate court filing this month, attorneys for GTCR said the equity firm lost “substantially all” of the $60 million it invested in the nursing home firm since 1998, including $20 million when it tried to restructure Trans Healthcare’s finances in 2006.

GTCR’s court filing went on to allege that the attorneys who won the $900 million judgment for the estate of the Gainesville man previously had reached a settlement with the actual operator of the nursing home for $575,000.

Rauner campaign spokesman Mike Schrimpf labeled the damage lawsuits a “classic plaintiff lawyer scheme” to “go after as many deep-pocketed entities as possible,” including GTCR and other former investors.

From what I’m hearing, we can expect to see a lot more on this topic.

* From a Sunday press release…

Senator Bill Brady, Republican candidate for Governor, today challenged his opponent Bruce Rauner to come clean with answers to questions about his dealings.

“Bruce Rauner likes to paint himself as a hands-on businessman, talking about ‘being there in person, figuring out what matters … solving problems’ and how ‘in business it’s about getting to know them on a first name basis … getting to know each other personally.’ But Mr. Rauner apparently didn’t follow his own business philosophy when it came to dealing with corrupt insider Stuart Levine,” Brady said.

Rauner has said he doesn’t know and has never met Stuart Levine, even though Levine had a $300,000 annual contract with a company partly owned by Rauner’s firm GTCR, while Levine sat on a state pensions board awarding GTCR $50 million in state contracts.

In addition, his spokesman says he had nothing to do with the management of a health care company bought by Rauner and GTCR, which owned nursing homes where patients suffered neglect and died. He resigned from the board of another firm and sold off GTCR’s stock shortly before the company nosedived in an accounting scandal that resulted in conviction of three top executives, money to GTCR, and $285 million in losses to other investors, but again left it to his spokesman explain.

“If he’s not hands-on in business, how could voters depend on him to be hands-on when it comes to spending their tax dollars and managing state government,” Brady said.

“Mr. Rauner had a perfect opportunity at a debate Thursday to be forthright, but again stood silent on the reports that are now regularly coming to light about his dealings. The voters deserve those answers and I will insist that Mr. Rauner give them,” Brady said.

“The citizens of Illinois deserve a governor who will truly be hands-on dealing with the many challenges facing Illinois and building an economy that helps Illinois business grow and that benefits Illinois families.”

Discuss.

…Adding… Sen. Dave Syverson, who backs Sen. Dillard in the race, posted this on his Facebook page yesterday

Remember what the Democrats did to Mitt Romney and Bain Capital regarding Sensata Co. in Freeport. While he had nothing to do with it, the facts of the issue meant little in the political world. The stories now coming out on Rauner’s inves…tments, while I’m sure there is a long detailed explanation that shows no involvement, all the public sees is the Headlines (like below) and the Democratic spun commercials. Whether we like it or not this is Illinois and Dem’s will play Obama politics (do whatever it takes, the ends justify the means) . We need a candidate that has been vetted, who can be a uniter, who’s not controversial, who can bring in Independents and Reagan Dems, who can win a General Election not just a primary, and then one who can work with both sides after for the Illinois we deserve.

Hat tip: Illinois Review.

- Posted by Rich Miller        


26 Comments
  1. - Samurai - Monday, Jan 27, 14 @ 11:00 am:

    ==”Mike Schrimpf labeled the damage lawsuits a “classic plaintiff lawyer scheme==”

    More like a classic venture capital scheme to squeeze every penny of profit at any cost to others


  2. - Chavez-respecting Obamist - Monday, Jan 27, 14 @ 11:06 am:

    D-Lard’s lunge to the right is not something a non-controversial uniter does if he wants votes from anyone other than Tea Party lunatics.


  3. - shore - Monday, Jan 27, 14 @ 11:07 am:

    at least 3 of these guys are going to wake up a year from now and say what they’ll say to themselves for the rest of their lives-I had a clear shot at a governors mansion and I just didn’t execute.

    This is almost embarrassing. None of these guys is particularly impressive but all of them should have a reasonable path to replacing quinn and can’t seem to get off the ground.


  4. - Nonplussed - Monday, Jan 27, 14 @ 11:12 am:

    “…while I’m sure there is a long detailed explanation that shows no involvement…”

    Such confidence in an issue you admit you don’t know anything about.


  5. - Oswego Willy - Monday, Jan 27, 14 @ 11:13 am:

    ==”Mike Schrimpf labeled the damage lawsuits a “classic plaintiff lawyer scheme==”

    Wonder where “Slip and Sue”, the absentee LG choice stands on that quote…

    Food for thought.


  6. - econ prof - Monday, Jan 27, 14 @ 11:15 am:

    Is this the same Bill Brady that was repeatedly asked to “come clean” 4 years ago about his voting for legislation that directly benefited his development company in the Champaign area?


  7. - veritas - Monday, Jan 27, 14 @ 11:19 am:

    Rauner was on the Board of Lason. He was the one who forced them to pursue the acquisition program that led to their demise. They have confessed that they started cooking the books when their targets weren’t met and that is YEARS before Rauner resigned. In fact, during the period that he was on the Board and an INSIDER, he sold off almost all of his interest in 3 separate IPOs, the last 2 of which almost certainly contained fraudulent information. His best defense - his only defense is to say he didn’t know what was going on in a company where he sat on the Board and hired the management team who are now in prison. He was a DIRECTOR!! He claims he didn’t know who Stuart Levine was - he was just another guy who was paid $25,000 a month and who sat on the Board of the Teacher’s Retirement System who gtcR was doing business with. Wait a minute - Rauner claims he personally went before the TRS Board after their first presentation was mis-handled. He went before the Board, but didn’t know who Stuart Levine was on the other side of the table and/or that he was on the payroll of one of his companies??? At minimum it doesn’t sound like he is the “hands on” leader he purports to be and when he says he is going to run the state like a business - which business: Lason, the nursing homes, the TRS?? We really need a bit of clarification on that.


  8. - Formerly Known As... - Monday, Jan 27, 14 @ 11:22 am:

    Syverson is correct.

    Quinn would immediately trot out his tried-and-true, Illinois “populist” message. The race then becomes a candidate who wants to “give” and “help” vs. a candidate who wants to “take away” and “punish”.

    Game over. It might be close, but Illinois Republicans saw how well that worked in 2010. National Republicans saw how well that worked in 2012.


  9. - Samurai - Monday, Jan 27, 14 @ 11:45 am:

    Veritas–Good points.

    Yet,through all of Rauner’s ignorance he still managed to realize huge profits derived from fraudulent accounting practices and whatever consulting Stu Levine was doing for $25,000.00 a month. What consulting was Levine doing?


  10. - too obvious - Monday, Jan 27, 14 @ 12:01 pm:

    So Rauner’s latest spin is that he was basically just an absentee landlord. Getting rich and fly fishing at one of his ranches while the defenseless elderly folks in the nursing homes suffered from lack of care and resources. Nice.

    This just keeps getting worse and worse for Rauner. Who will be the first in the GOP to stand up and say the obvious, that Rauner should drop out for the good of the IL Republican Party. Or maybe let him get the nomination so the burning down can be complete and Republicans can start over fresh. Maybe not a bad idea.

    I know one thing. If this was Obama owning even ONE nursing home under similar facts, the tea partiers and Fox News junkies would be burning tires in the streets.


  11. - Throwing Stones - Monday, Jan 27, 14 @ 12:10 pm:

    Maybe Brady could build Rauner a nursing home at the end of the road he built that was never finished. then they could both reside on the board and make illinois a business friendly enviornment again. (snark of course, but i couldent resist, sorry rich).


  12. - veritas - Monday, Jan 27, 14 @ 12:16 pm:

    Samurai: It is certainly appropriate for this question to be asked: “Who at your company (and we all know the purpose of subsidiaries is to develop firewalls in cases such as just this) hired Stuart Levine and what was his job definition?? Knowing that he was on TRS Board should have raised a red flag of conflict of interest. Why didn’t it??” Rauner would have us believe: He never met Levine - had nothing to do with his employment - that $25,000/month could have been for any number of things - and the business from TRS that subsequently flowed had nothing to do with Levine’s employment!! N.B. Levine is in prison because his employment elsewhere had EVERYTHING to do with the reward of business. Implausible doesn’t do it justice.


  13. - too obvious - Monday, Jan 27, 14 @ 12:23 pm:

    There are so many angles to this story. Like tying Rauner’s hostility to unions to the nursing home scandal. Maybe if those nursing home workers were unionized, maybe the care wouldn’t have suffered so much and maybe fewer people would have died unnecessarily and prematurely.

    Hopefully some day, preferably before Rauner becomes governor, the Tribune and others will start doing their job.


  14. - Angry Chicagoan - Monday, Jan 27, 14 @ 12:24 pm:

    My problem is that Rauner simply seems like another vulture capitalist, sort of a Bain Capital wannabe. Say what you will about his competitors in the GOP primary but they at least give the sense of having some sense (in a good way, not just an Illinois toadying kind of way) of the difference between business and politics.

    It’s also not lost on me that the really aggressively mean-spirited commenters on local newspaper forums seem to like Rauner, while the ones who are conservative in the traditional meaning of the word seem to favor one of the others.


  15. - too obvious - Monday, Jan 27, 14 @ 12:31 pm:

    #BainCapitalOnSteroids


  16. - veritas - Monday, Jan 27, 14 @ 12:33 pm:

    Rauner has tapped into our collective anger and frustration, rather than inspired us to dream. Think back to how many times in life you have acted out of anger only later to say, “What the hell was I thinking about??” If you vote for Rauner out of anger and frustration - you will have one more opportunity to ask yourself that question.


  17. - too obvious - Monday, Jan 27, 14 @ 12:38 pm:

    “Rauner has tapped into our collective anger and frustration, rather than inspired us to dream.”

    Seriously, that’s really good veritas. Well done. I’m no Obama fan except w/r to his wordsmithiness. And that’s Obama quality.


  18. - veritas - Monday, Jan 27, 14 @ 1:02 pm:

    too ovious: Thanks. The comment was, well - veritas.


  19. - Wensicia - Monday, Jan 27, 14 @ 1:17 pm:

    It’s amazing how strangely quiet the Tribune has been on Rauner, when they’re not publishing his and his friends op-eds, that is. Yet, they’re always critical about everything and everyone else in this state? They buried the above story on page 13 of the Sunday paper, which is clearly defending Rauner.


  20. - MrJM - Monday, Jan 27, 14 @ 1:35 pm:

    “Uhh… Sorry about the delay, Mr. Rauner, but the petard you ordered just arrived.”

    – MrJM


  21. - Rich Miller - Monday, Jan 27, 14 @ 1:36 pm:

    And with that comment, MrJM pulls into an early lead for the 2014 Golden Horseshoe.


  22. - too obvious - Monday, Jan 27, 14 @ 1:47 pm:

    The Raunerbots are hopefully doing a lot of nursing home volunteerism right about now. No amount of hours will save their guy of course, but would be some good penance in any case.


  23. - Ghost - Monday, Jan 27, 14 @ 1:51 pm:

    Actually I could see Rauner purchasing a breaching explosive, but I am sure he has min wage people to set those off so he won’t get hoisted by it…..

    Did we really thin gtcr attorneys would call this legit? When you lose and a judge didn’t toss the case I think the claim the case is fantasy is lost in the reality. Also as to the “loss”, that’s common, you run expense for things unrelated to that business through its accounts. Maybe draw some salary for yourself and friends etc, to offset profit and make it look like a loser. Company pays legal fees, trips, supplies, nuisance ESA vehicles, memberships, etc which can be connected loosely as an expense to that operation, but are really unneeded items and a way to draw down profit and increase expenses. No one keeps in a business for such a period if it is truly bleeding cash and it’s not just be redirected.


  24. - wordslinger - Monday, Jan 27, 14 @ 1:56 pm:

    In Rauner’s world, he probably figured he deserved a big raise like Jamie Dimon.


  25. - DuPage Dave - Monday, Jan 27, 14 @ 2:39 pm:

    Nice to see that the Bard is being used to mock the Baron. Only on CapFax…..


  26. - Toure's Latte - Monday, Jan 27, 14 @ 4:18 pm:

    Can not believe a guy who profits from death still leads the primary.

    Oh, wait. Right. GOP.

    Nevermind.


Sorry, comments for this post are now closed.


* Good morning!
* Final thoughts before calling it a night
* *** UPDATED x3 - Script *** Quinn airs radio ad of Rauner joking about being "scared" of four African-Americans
* Karen Lewis endorses Chuy Garcia for mayor
* Friday night TV ad rating
* Yesterday's blog posts

Support CapitolFax.com
Visit our advertisers...

...............

...............

...............

...............

...............


Search This Blog...

Search the 98th General Assembly By Bill Number
(example: HB0001)

Search the 98th General Assembly By Keyword

          
        * Nexus 6 sells out in minutes, DROID Turbo goes ballistic, Microsoft Band sneaks out early | Pocketnow Weekly 120
        * Roku adds Google Play Movies & TV to its feature list
        * Minuum iOS update picks up new languages, advanced settings (Giveaway)
        * A final word from Taylor Martin
        * Battleheart Legacy signals Mika Mobile’s return to Android
        * AT&T and Verizon Boost Monthly Wireless Data in Ongoing Competition
        * Smash Champs lets you become a legendary trainer

        * Trent Reznor working with Apple on secret music project
        * Samsung Galaxy A5 and A3 phones try to capture young people's attention
        * Updated Office For Mac Arriving In 2015, Outlook Updated In The Meantime
        * iFixit Debunks iPhone 6 Plus Reinforcement Claims
        * Jony Ive: Apple Watch Tougher Project Than The iPhone
        * Google’s “Copresence” Feature Could Allow Seamless Cross-Platform Communication
        * Trent Reznor Working On Secret Music Project At Apple

        * Fall Stars Game filled to brim with talent
        * Fall Stars Game filled to brim with talent
        * White Sox opt to decline Paulino's '15 option
        * White Sox have flexibility to pursue multiple upgrades
        * White Sox offseason plan roundup: Third base
        * Minnie Miñoso belongs in the Hall of Fame
        * Development of young core in '15 can define Chicago's future


        Main Menu
        Home
        Illinois
        YouTube
        Pundit rankings
        Obama
        Subscriber Content
        Durbin
        Burris
        Blagojevich Trial
        Advertising
        Updated Posts
        Polls

        Archives
        November 2014
        October 2014
        September 2014
        August 2014
        July 2014
        June 2014
        May 2014
        April 2014
        March 2014
        February 2014
        January 2014
        December 2013
        November 2013
        October 2013
        September 2013
        August 2013
        July 2013
        June 2013
        May 2013
        April 2013
        March 2013
        February 2013
        January 2013
        December 2012
        November 2012
        October 2012
        September 2012
        August 2012
        July 2012
        June 2012
        May 2012
        April 2012
        March 2012
        February 2012
        January 2012
        December 2011
        November 2011
        October 2011
        September 2011
        August 2011
        July 2011
        June 2011
        May 2011
        April 2011
        March 2011
        February 2011
        January 2011
        December 2010
        November 2010
        October 2010
        September 2010
        August 2010
        July 2010
        June 2010
        May 2010
        April 2010
        March 2010
        February 2010
        January 2010
        December 2009
        November 2009
        October 2009
        September 2009
        August 2009
        July 2009
        June 2009
        May 2009
        April 2009
        March 2009
        February 2009
        January 2009
        December 2008
        November 2008
        October 2008
        September 2008
        August 2008
        July 2008
        June 2008
        May 2008
        April 2008
        March 2008
        February 2008
        January 2008
        December 2007
        November 2007
        October 2007
        September 2007
        August 2007
        July 2007
        June 2007
        May 2007
        April 2007
        March 2007
        February 2007
        January 2007
        December 2006
        November 2006
        October 2006
        September 2006
        August 2006
        July 2006
        June 2006
        May 2006
        April 2006
        March 2006
        February 2006
        January 2006
        December 2005
        April 2005
        March 2005
        February 2005
        January 2005
        December 2004
        November 2004
        October 2004

        Blog*Spot Archives
        November 2005
        October 2005
        September 2005
        August 2005
        July 2005
        June 2005
        May 2005

        Syndication

        RSS Feed 2.0
        Comments RSS 2.0
        WordPress

        Loading


        * Union backs county commissioner for Chicago mayor..
        * Christie, Rauner to Visit Bethalto..
        * Taking a selfie with your ballot in the voting .....
        * Final weekend of campaigning for Pat Quinn, Bru.....


        * Lake Michigan waves slam Chicago lakeshore
        * Creator of Operation couldn't afford own operation
        * Union backs county commissioner for Chicago mayor
        * Judge won't close hearing in Islamic State case
        * Lake Michigan waves slam Chicago lakeshore
        * Wallenda ready for windy Chicago tightrope walks
        * Woman charged with defrauding Illinois couple
        * Quinn, Rauner talk jobs, early voting Friday
        * Judge won't close hearing in Islamic State case
        * Cook County Jail guard faces theft charge

        * State contribution to TRS to increase by $300 million next year
        * Former Gov. Edgar to campaign with Rauner
        * Attorney general seeks clarifications from Topinka’s former nonprofit
        * Inmate freed from Jacksonville prison in landmark Illinois case
        * Cross opposes income tax hike extension
        * Gay marriage, abortion issues take back seat in governor’s race
        * Madigan’s office seeks clarifications from former Topinka nonprofit
        * Cross says no to income tax hike extension, sales tax on services
        * Gay marriage, abortion issues take backseat in governor’s race
        * Illinois inmate freed in landmark capital punishment case

        * SEC examines Caterpillar's accounting for Bucyrus
        * Cubs hire Maddon as manager, fire Renteria
        * Karen Lewis endorses Jesus Garcia for Chicago mayor
        * A stormy Lake Michigan swamps Lake Shore Drive – and sinks Chicago's mood
        * A stormy Lake Michigan swamps Lake Shore Drive — and sinks Chicago's mood


        * Boy, 3, hit by car while trick-or-treating in Winnetka
        * On O’Hare noise, aldermen demand action, but get no satisfaction
        * Garcia: I'm a serious mayoral candidate, not just a protest vote
        * A higher standard of criminal justice
        * Ex-Northwestern doctor to pay $475K to settle fraud claims
        * Sad day  when  Catholic  schools  close
        * Chicago bead merchant Ronnie Klein, whose Loop business drew stars, dead at 65
        * Chicago bead merchant Ronnie Klein, whose Loop business drew stars, dead at 65
        * Durbin, Oberweis square off for final time
        * State’s attorney investigating alderman’s prize offer to voters


        * 3 injured, 1 fatally, in shootings
        * Karen Lewis endorses Garcia for mayor in new video
        * Boy, 3, struck by car while trick-or-treating in Winnetka
        * Missing Garfield Ridge man located
        * Trial to begin for Darien man charged in 2012 killing
        * Alleged victims of ex-Wilmette teacher share memories online
        * New rules make Illinois voting easier
        * Federal judge refuses government request to close terrorism hearing
        * Emanuel's top attorney: Watchdog had no right to sue
        * Cops release photos in robbery and attack of police sergeant


        * Scary Story: St. Michael And Mr. Pyles By H.W. Devlin
        * Dodging DUIs: Secretary of State Candidates Faceoff
        * Cook County posting indigent burials in 'virtual cemetery'
        * Whom do you trust when it comes to nutrition advice?
        * Zombie barge sinking in storm at Navy Pier
        * The digital afterlife
        * Making Buildings Healthier From The Inside Out
        * Scary Story: Planes By Ted Morrissey
        * Listen to State Week - October 31, 2014
        * "Monster Mash" Celebrates Halloween With Classical Music


        * E.J. Dionne: Moderate thunder out of Kansas
        * Charles Krauthammer: A referendum on competence
        * Quote of the Day: Nov. 1
        * State contribution to TRS to increase by $300 million next year
        * Former Gov. Edgar to campaign with Rauner
        * Esther Cepeda: Elizabeth Pena: Trailblazer on the big screen
        * Andy Shaw: Voter turnout instrumental to reform
        * Ty Fahner: What if the Court rejects pension reform?
        * Attorney general seeks clarifications from Topinka’s former nonprofit
        * Quote of the Day: Friday, Oct. 31


        * Municipal court news
        * Bonita Morse
        * Jean Wawronowicz
        * Booker O'Neal Jr.
        * Archie Wydeck Sr.
        * Ronnie Clay
        * Marek Szary
        * Mary Lou Jones
        * Larry Golden
        * Steven Wierman


        * (No heading)
        * Timothy Christian advances to championship game
        * Naperville Central rallies for victory
        * Stevenson recovers against Ross, Lyons
        * Wheaton Warrenville South produces another miracle

        * Patrick Cannon defense strategy rare but n...
        * Feds fine Jesse Jackson Jr.'s campaign com...
        * Ex-Congressman Jesse Jackson Jr. faces sen...
        * Representative Jan Schakowsky Sends Letter...
        * Rep. candidate pushes to uphold marriage b...
        * Reps. Schakowsky and Waxman Introduce Bill...
        * Statement by Representative Jan Schakowsky...
        * U.S. House Passes Resolution Condemning An...
        * FAA Rejects Call For New O'Hare Noise Stud...
        * Representatives Quigley, Duckworth, Schako...

        * Senate Candidates On Climate Change...
        * Senate Candidates On Climate Change...
        * In the Spotlight: When in doubt, vote agai......
        * In the Spotlight: When in doubt, vote agai......
        * Oberweis gearing up to take on Durbin in m......

        * Sen. Mark Kirk questioned by Triton students...

        * Last Weekend For Early Voting
        * RNC says "Get Rid of Obamacare - Vote Republican" [video]
        * Netanyahu Responds to "Chickensh**t" Attack [video]
        * A bi-state whodunit – what should we make of Hegewisch, Hoosier slayings
        * All Hollows' Eve, at the Stroke of Midnight, the Calatrava Spire Vanishes, Forever
        * North Side Chicagoans Open Community-Funded Mental Health Center
        * Chicagoans Protest Against Police Brutality
        * Winds, Waves Close Northbound Lake Shore Drive At Rush Hour
        * Quinn Camp Releases 2-Minute Finale Video Recapping Rauner's 'Greatest Hits'
        * Quinn Camp Releases 2-Minute Finale Video Recapping Rauner's 'Greatest Hits' (VIDEO)


        * Editorial: Governors, raining taxpayer $ on Illinois
        * Governor Quinn and Mayor Emanuel Thank New Safe Passage Workers - Nearly 700 Additional Workers Hired This Year to Serve 133 Schools, 69,000 Students Across the City
        * Editorial: Rauner best choice as governor to begin to reverse Illinois’ fortunes
        * Quinn to celebrate Rauner’s UI Labs accomplishment
        * Another Democrat Runs Away From Pat Quinn




            Hosted by MCS SUBSCRIBE to Capitol Fax Advertise Here Mobile Version Contact Rich Miller