Day By Day

Sunday, July 01, 2012

Slumlords for Obama

Flopping Aces brings back a 2008 story from the Boston Globe about slumlords and federal subsidies in Chicago.  And among the players mentioned....Valerie Jarrett.  Yes, the same Valerie Jarrett who had over 100 Chicago policemen assigned to her daughter's wedding.


From the story:
Grove Parc and several other prominent failures were developed and managed by Obama’s close friends and political supporters. Those people profited from the subsidies even as many of Obama’s constituents suffered. Tenants lost their homes; surrounding neighborhoods were blighted.
and
Valerie Jarrett, a senior adviser to Obama’s presidential campaign and a member of his finance committee. Jarrett is the chief executive of Habitat Co., which managed Grove Parc Plaza from 2001 until this winter and co-managed an even larger subsidized complex in Chicago that was seized by the federal government in 2006, after city inspectors found widespread problems.
Read the whole thing.  The cronyism is inbred in this group.

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