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.


* Prison reform group responds to new Rauner ad
* Quinn hit on botched early prisoner release program
* Reader comments closed for the weekend
* SUBSCRIBERS ONLY - Today's cable TV buys
* *** UPDATED x1 - Griffin gives another million *** Rauner giving more cash to state GOP
* Question of the day
* Schimpf trying to raise money to air radio spot
* This is what you'd call a "tell"
* #QsforQuinn
* Frerichs wants Cross to call off the state party dogs
* Rauner Internet ad pairs Quinn with Blagojevich
* Bost claims poll shows him up by 4
* More than just unclear on the concept
* Quinn: "Everybody in? I'm driving"
* The sleep gap
* DCCC releases second Bost "rant" ad
* 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

          
        * Lumia instagramer of the week: John Koliogiannis
        * iPhone 6, Apple Watch, Android on Chrome OS comments & more – Pocketnow Daily Recap
        * Instapaper Updated for iOS 8 With Enhanced Saving Features, Now Free to Download
        * Oculus Execs Believe Controllers Are The Missing Link In Virtual Reality
        * AT&T appears to be expecting a new ASUS PadFone Mini
        * The “Oculus Platform” Marketplace For Virtual Reality App Launches This Fall
        * Oculus Reveals Its New “Crescent Bay” Prototype With 360-Degree Head Tracking And Headphones

        * Pebble Update v2.5 Adds Emoji Support, iOS 8 Compatibility And More
        * Verizon iPhone 6 and iPhone 6 Plus Gets VoLTE
        * Vodafone Buys 140 Phones 4U Stores, Saves 887 Jobs
        * Samsung Offers $200 Trade-in For Any Working Smartphone With Galaxy Note 4 Pre-order
        * Microsoft Delays Xbox One Launch in China
        * AT&T And Verizon Start Galaxy Note 4 Pre-orders
        * Instapaper Goes Free With The Latest Update, Still Offers a Paid Subscription

        * Danks tries to guide White Sox to series win
        * Franklin's two-run homer stands following review
        * Lack of offense nullifies Noesi's quality start
        * Rays 3, White Sox 1: Opportunities limited, squandered
        * Lack of offense nullifies Noesi's quality start
        * Franklin's two-run homer stands following review
        * Paul Konerko playable, but not in lineup tonight


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

        Archives
        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


        * Gov. Quinn picks up Sierra Club endorsement - T.....
        * Gov. Quinn picks up Sierra Club endorsement - M.....
        * Gov. Quinn picks up Sierra Club endorsement - K.....
        * Gov. Quinn picks up Sierra Club endorsement..
        * D-158 acting cautiously with new budget..


        * Pope chooses a moderate for Chicago archbishop
        * Ivy Tech wants price break for 4 Illinois counties
        * Chicago Croatians 'ecstatic' about next archbishop
        * Survivors group challenges next Chicago archbishop
        * New Indiana Toll Road operator due amid bankruptcy
        * A look at Chicago's incoming, outgoing archbishops
        * George intends to keep contributing to church life
        * Journal aims to stoke interest in Midwest history
        * Cupich: Pope sending a bishop, not a message
        * Catholics in Chicago await successor announcement

        * Statehouse Insider: Rauner hit with double whammy
        * More than $59M collected from state retirees; refunds coming eventually
        * Lawmaker wants pumpkin to be official Illinois pie
        * Quinn: No pension ‘Plan B’ before court ruling
        * Sangamon Co. judge: Libertarian candidate for governor can stay on ballot
        * Illinois’ jobless rate continues 6-month decline
        * GOP’s Rauner no fan of gambling, airport slots
        * GOP’s Rauner no fan of gambling, airport slots
        * Jeb Bush headlining Chicago fundraiser for Rauner
        * Rochester resident to lead State Board of Elections

        * Scramble is on for tenants to anchor a third office tower
        * A grandmother can be CEO — or president
        * Which Chicago startup will be next with an IPO?
        * When $400 million can't buy love
        * The bleeding has stopped, but Navistar is still struggling


        * Editorial: Bishop a good fit for Chicago
        * Chicago’s next archbishop Blase Cupich calls for immigration reform, shows off his humor
        * Convicted rapist charged in 2004 murder, rape on South Side
        * Reports: Bishop Blase Cupich of Spokane will be Cardinal Francis George successor
        * ‘Hello’ in Riverside ends up getting South Side man a DUI charge
        * 2 dead, 21 wounded in shootings across Chicago since Friday night
        * Apple fans answer the iPhone’s call
        * Chicago Scots gather to await results of independence vote
        * Gas, electric price hike estimates lowered by northern Indiana utility


        * Man dead, 13 others wounded in city shootings
        * Police: 2 charged in city tow truck scam
        * 2 wounded in city shootings
        * Prosecutors: Gunman told fellow gang member 'I just hit a shorty'
        * Extra-alarm fire at West Side church
        * Chicago-area storm watches canceled
        * Man fatally stabbed in Gresham neighborhoood
        * Man dies after being hit by motorcycle in Romeoville
        * Spokane bishop introduced as Chicago's next archbishop


        * Cupich to be next Chicago archbishop
        * Treasurer Candidate Tom Cross Says He Would Sue The Legislature To Force A Balanced Budget
        * Listen to State Week - September 19, 2014
        * Quinn Defends Public Education, Though He's A Product of Private Schools
        * Chris Mooney: More Evidence-Based Policymaking Needed
        * African Drumming At Southwind Park On Saturday
        * Investors gather in Chicago seeking cannabis businesses
        * Climate, Space Create Challenges For Local Food
        * Can A Governor Really Create Jobs?
        * How do you find high school dropouts?


        * Our Opinion: Springfield needs Magro project
        * Angie Muhs: Open government is worth fighting for
        * Statehouse Insider: Rauner hit with double whammy
        * Statehouse Insider: Rauner hit with double whammy
        * Bernard Schoenburg: Bull flies in 13th Congressional race
        * More than $59M collected from state retirees; refunds coming eventually
        * Jan Gambach: Recovery is possible
        * Maurine Magliocco: Education Task Force at work
        * Lawmaker wants pumpkin to be official Illinois pie
        * Deborah Davis: NFL sends mixed messages over Ray Rice case


        * Flu shots available in Carbondale
        * Academy of Music welcomed 19th century stage greats
        * Top of the Morning, Sept. 21, 2014
        * Area Calendar 9/21/14
        * Accident sends two to hospital
        * IDOT offering motorcycle training
        * 2013 Kid Que winners use spice to raise money
        * Police reports
        * Sweden moves slightly left
        * Sweet second chance


        * Sunday picks: Soprano Karen Slack takes on 'Tosca'
        * Firefighters finally home from Cabo: 'We figured it was time to try'
        * Coughlan's huge day lifts Cubs
        * Forrest leads WW South at Wheeling
        * Girls tennis: Saturday's results

        * Rep. candidate pushes to uphold marriage b...
        * Reps. Schakowsky and Waxman Introduce Bill...
        * Statement by Representative Jan Schakowsky...
        * FAA Rejects Call For New O'Hare Noise Stud...
        * Representatives Quigley, Duckworth, Schako...
        * Representative Jan Schakowsky Statement on...
        * Representative Jan Schakowsky Statement in...
        * Representative Jan Schakowsky Statement on...
        * Rep. Jan Schakowsky discounts threat from ...
        * Representative Jan Schakowsky Statement on...

        * Northwestern gets grant to prevent sexual ......
        * Northwestern gets grant to prevent sexual ......
        * Northwestern gets grant to prevent sexual ......
        * Northwestern gets grant to prevent sexual ......
        * Northwestern gets grant to prevent sexual ......

        * Diplomats: Iran receptive to softened nuke......

        * The Road to Riches
        * 5 reasons iPhone still beats Android
        * The [Tuesday] Papers
        * The Beachwood Radio Hour #24: Pussy Riot, Rahm & Rauner
        * Principal Troy LaRaviere on Chicago school policy. The public loses out and private corporations profit.
        * Solidarity with the thousands of people in NY September 21st.
        * Charon Bryson switches parties to become new 7th Ward GOP committeeman
        * Shimkus: Keeping the Internet Open and Free
        * Illinois Dems shed "little guy" persona with pricey reception for Mike Madigan
        * Rauner endorsed by the Illinois Chamber of Commerce


        * Quinn still refusing to fire 20 political cronies
        * Illinois Chamber of Commerce Endorses Rauner for Governor
        * Rauner Web Ad: “Cut from the Same Cloth”
        * Illinois Department of Human Rights Commemorates International Day of Peace
        * Quinn Misleads Public on IDOT Again




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