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Gidney N Cloyd

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Gender: Male
Hometown: Elk Grove Vil, IL
Home country: USA
Current location: Here
Member since: Thu Oct 28, 2004, 03:07 PM
Number of posts: 18,471

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IL Gov candidate Bruce "Li'l Mitt" Rauner (R) avoids questions as nursing home trial starts

(cross-posting from Illinois group)

I don't know how much lower you can go. Take extraordinarily bad care of helpless nursing home residents while pocketing their Medicare funds then playing corporate shell games with the liability (which winds up in the lap of an unwitting elderly patsy).

http://www.redeyechicago.com/news/chi-rauner-avoids-nursing-home-questions-as-trial-starts-20140922,0,6104984.story
Republican governor candidate Bruce Rauner on Monday avoided questions about his ties to a troubled nursing home chain, while a federal trial in Florida began hearing evidence on claims that Rauner’s old private equity firm participated in a scheme to avoid liability for patient deaths.

At the trial in U.S. Bankruptcy Court, plaintiff attorneys played videotaped deposition testimony from an elderly graphic artist with no nursing home experience who expressed bewilderment over how he came to be listed as the sole shareholder of a company that bought nursing home chain Trans Healthcare Inc. as it was in financial freefall in 2006.

-snip-

The testimony of Saacks is a key part of a complicated trial centered on claims that Rauner’s GTCR participated in a fraudulent scheme to avoid liability for a string of deaths at nursing homes run by Trans Healthcare. Lawyers representing estates in related wrongful death lawsuits cases contend Saacks was a pawn and that New York-based business associates of GTCR created a shell company that shielded both firms from judgments topping $1 billion. The plaintiff attorneys contend most of the valuable assets of Trans Healthcare were shifted to a separate holding company while the liabilities were shifted to yet another firm that Saacks came to own.

-snip-

Controversy over the nursing homes has hung for months over the campaign of Rauner, who has long insisted his involvement with the chain was minimal. In February, he told the Tribune that he hadn’t had much to do with Trans Healthcare after serving on its board for about a year when GTCR first launched the chain in 1998.
However, the Tribune reported in Monday that a court document in the bankruptcy case indicates Rauner still served on the Trans Healthcare board four years after the inception of the chain. What’s more, plaintiff’s attorneys allege that other documents filed under seal in the case demonstrate that the nursing home company was run right up until the transaction with Saacks by an investment committee of GTCR partners that included Rauner.
Posted by Gidney N Cloyd | Tue Sep 23, 2014, 02:13 PM (0 replies)

IL Gov candidate Bruce "Li'l Mitt" Rauner (R) avoids questions as nursing home trial starts

I don't know how much lower you can go. Take extraordinarily bad care of helpless nursing home residents while pocketing their Medicare funds then playing corporate shell games with the liability (which winds up in the lap of an unwitting elderly patsy).

http://www.redeyechicago.com/news/chi-rauner-avoids-nursing-home-questions-as-trial-starts-20140922,0,6104984.story
Republican governor candidate Bruce Rauner on Monday avoided questions about his ties to a troubled nursing home chain, while a federal trial in Florida began hearing evidence on claims that Rauner’s old private equity firm participated in a scheme to avoid liability for patient deaths.

At the trial in U.S. Bankruptcy Court, plaintiff attorneys played videotaped deposition testimony from an elderly graphic artist with no nursing home experience who expressed bewilderment over how he came to be listed as the sole shareholder of a company that bought nursing home chain Trans Healthcare Inc. as it was in financial freefall in 2006.

-snip-

The testimony of Saacks is a key part of a complicated trial centered on claims that Rauner’s GTCR participated in a fraudulent scheme to avoid liability for a string of deaths at nursing homes run by Trans Healthcare. Lawyers representing estates in related wrongful death lawsuits cases contend Saacks was a pawn and that New York-based business associates of GTCR created a shell company that shielded both firms from judgments topping $1 billion. The plaintiff attorneys contend most of the valuable assets of Trans Healthcare were shifted to a separate holding company while the liabilities were shifted to yet another firm that Saacks came to own.

-snip-

Controversy over the nursing homes has hung for months over the campaign of Rauner, who has long insisted his involvement with the chain was minimal. In February, he told the Tribune that he hadn’t had much to do with Trans Healthcare after serving on its board for about a year when GTCR first launched the chain in 1998.
However, the Tribune reported in Monday that a court document in the bankruptcy case indicates Rauner still served on the Trans Healthcare board four years after the inception of the chain. What’s more, plaintiff’s attorneys allege that other documents filed under seal in the case demonstrate that the nursing home company was run right up until the transaction with Saacks by an investment committee of GTCR partners that included Rauner.
Posted by Gidney N Cloyd | Tue Sep 23, 2014, 01:52 PM (2 replies)

Wonkette: Bruce Rauner (GOP IL Gov cand.) makes an ad featuring a 20-year-old VW camper van

This crap's almost as funny as the commercial where Rauner's wife claims to be a lifelong Democrat--despite the fact she's contributed 3 times as much money to Republican candidates over the years as she has to any others.
The Rauners are just the Romneys minus the charm and common touch.

He brags that the van — not that he’d call it by its “EUROVAN” model name — has nearly 200,000 miles on it, and says, “My kids call it the rolling trashcan. I call it reliable.” Because Bruce Rauner knows that living simply is the way to go, a lesson that surely rubbed off on his daughter in 2009 when Rauner donated $250,000 to an elite public high school. That completely magnanimous gift and a personal phone call from Rauner to the principal mysteriously changed the girl’s application status from “rejected” to “Oh please come and drink deeply from the font of knowledge, to which we have affixed a plaque thanking your daddy for his generosity.” Again, this is just an example of what a regular everyday guy Bruce Rauner is. Some parents pitch in with setup for the choir’s annual Madrigal Dinner, and some contribute a quarter-million dollars to their daughter’s school.

And just to drive home the important point that he knows the value of a dollar, or several billion of them, a radio interview from January of this year has surfaced in which Rauner acknowledged that he once supported eliminating the minimum wage, although he does not think so anymore, because he has been convinced that it’s {del}economically{/del} politically unwise:

“I have said, on a number of occasions, that we could have a lower minimum wage or no minimum wage as part of increasing Illinois’ competitiveness. I’ve said that many times,” Rauner told WJBC host Scott Laughlin.


Read more at http://wonkette.com/559369/zillionaire-bruce-rauner-has-an-old-van-so-illinois-must-make-him-governor#o6awZ6ZcEbDvRo0e.99
Posted by Gidney N Cloyd | Sat Sep 6, 2014, 12:47 PM (2 replies)
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