BGA Headline: “Pritzker’s Personal Fortune Intersects With State Contracts”

In an article by David JacksonGrace Golembiewski and Chuck Neubauer the Better Government Associsation finds the following:

The governor’s promises to divest his vast portfolio of state contractors has not extended to his so-called blind trust, which has the governor’s money in at least a dozen companies with billions in state business

Governor JB Pritzker even spoke at a ribbon cutting for one of the companies in which he personally invested, Centene of Carbondale.  

Governor JB Pritzker cuts ribbon for facility in which his blind trust is invested and which received his office’s permission to escape from anti-trust problems.

It “has been paid $20.6 billion from its state Medicaid contracts and other health programs,” the article reports.

Church Lady says, “Isn’t that special?”

And the Governor personally met with company executives prior to the purchase of the subsidiary that ended up doing business with state government.

The companies in which his blind trust invested “earned more than $20 billion in state business since he took office in 2019.”

The BGA found “at least 12 cases large and small in which the governor’s office and the agencies he oversees took action that created a potential conflict of interest for Pritzker.”

The blind trust is “a thin shield to conceal the governor’s pursuit of personal profits,” said Bridget J. Crawford, a professor at Pace University’s law school who reviewed the BGA reporting.

“This is not a blind trust in any meaningful sense of the phrase.”

Pritzker’s staff says that any such profits will be donated to charity and “there will be a full accounting after he leaves office.” [Emphasis added.]

Here is the stock market chart of Centene from the time Pritzker’s blind trust purchased it until now:

BGA graphic.

This is an article worth reading.

Here’s another snippet:

“Pritzker’s trust last year acquired stock in Apple Hospitality REIT Inc., which owns hotels across the United States, including the Hampton Inn & Suites in Skokie.

“In February, the Illinois Department of Human Services signed a $1,087,920 contract with Apple Hospitality to house Afghan refugees in 104 rooms at the Skokie hotel.”


Comments

BGA Headline: “Pritzker’s Personal Fortune Intersects With State Contracts” — 20 Comments

  1. Wow -so he’s not divesting himself in any way.

    That’s bad.

    Just like Trump.

    Huh. 🤭

  2. Ummm Mr. Governor, Sir.

    Would you mind moving to the other end of that ribbon, before you and that other fireplug, tip over the stage?

  3. Why is fay boys money spread across LLCs in Turcs and Caicos again?

    Just another political grifting trust fund baby.

  4. You wouldn’t expect a DEMOCRAT to tell the truth, the whole truth, and nothing but the truth
    now, would you?

  5. Abe that is on both sides of the aisle. Look at our offering for US Senate for the midterms. A lawyer.

  6. Look at what could have been our offering for US Senate for the midterms. A ……

  7. LOL. Monk is obsessed with Bobby Piton. I would prefer a truth teller compared to a trial lawyer but that’s just me. He’s better on the sidelines Monk. He can keep informing people about the corruption in IL elections but again you go on and on and can’t prove a thing about property taxes. The IL Pelosi’s will prove just what they are about. Has your candidate made a statement about taking Cocaine Mitch out of leadership if elected yet?

    Have a nice day sport. You’re a RINO and can’t even admit it.

  8. Remember All. Monk is expert on all things Bobby Piton. It’s a good thing the trial lawyer won so I don’t need to vote for a finance guy.

    ===============

    Bobby Piton

    Someone asked a great question…. Why is the Dollar up 17% and we have inflation of 8.5%? As a rule of thumb, the stronger our currency, the less inflation we should have as we “import” more from other Nations and purchase more product with fewer dollars.

    I agree… this relationship is not holding at the present time… YET…

    The Monetary Base of the United States is presently about $5.5 Trillion Dollars. This figure Peaked at about $6.4 Trillion in December and is now down almost $1 Trillion.

    What is included in the Monetary Base?
    1) US Currency. It presently stands at about $2.3 Trillion.
    2) Reserve Balances: Deposits held by banks at the Federal Reserve.

    The Overall Monetary Base jumped significantly as a result of Savings being reclassified as part of M1.

    On March 26, 2020 Regulation D (which sets Reserve requirements for banks) was effectively eliminated as Reserve Requirements were set to ZERO.

    This made money more freely available and took away a tremendous amount of power from Mega Banks as Reserve Requirements were no longer a Strength.

    This change occurred right about the time the Market did a U turn after falling 28% in 3 weeks; it was back at flat on the year by July of 2020.

    Make no mistake, there was an attempt to collapse our Markets and our Economy in February/March of 2020.

    This decisive action by President Trump took away a tremendous amount of Power and Relevance of the Federal Reserve and their shady benefactors.

    Right NOW, the Dollar Rules the Globe and it will for some time as the Federal Reserve has to live by its mandate and ensure price stability via raising interest rates.

    Long term Regulation D essentially being ended transferred Trillions of dollars of future interest earned from banks back to savers.

    This Cataclysmic adjustment (this rule was snuck in during the manufactured Great Depression) is causing some grief via inflation. This pain is worth the long term gains our Economy and the American People will ultimately accrue

  9. No stopping a criminal in the chi town state… they just keep going and going.. get rid of one and there another one to take its place best start learning how to pound out our plates Next!!!

    just another reason to boot his FHDA out!

  10. Vote for the female version of Mark Kirk Monk. If you can’t discern what trial lawyers are about the daily bongs you smoke have put you in a comfortably numb state like most dope smokers

  11. Piton got my vote. How many Piton votes got algorithmed away? Maybe Tirio the Dumb can tell us.

  12. Marky Kirk was one of those queerish beings who get off on orgasmic auto_asphyxiation. He just went a little too far.

    But he perfectly represented the limp dishrag RINO party leadership in Hellinois.

    His houseboys can tell you.

    Barney Frank had nuthin’ on Marky.

    But Lady Lindsey Graham could tell some eye popping tales too. As could Kinzingerish.

    Bye Adam, maybe Liz can rebuild your reputation at the bath houses.

  13. Dingo: “Piton got my vote.”

    Noooo… GTFO! Never woulda guessed. Huh.

  14. Monk you prove daily that THC improves cognitive abilities.

    And Cal I will laugh when platitude Kathi, if she wins, votes that useless turtle who’s beholden to China back into leadership. If she does and you still think she’s not Mark Kirk in a dress I can’t help you.

  15. Voters in Illinois should keep informed about Pritzker and the toilets disconnected in one of his mansions.

    https://www.illinoispolicy.org/federal-investigators-digging-deeper-into-pritzkers-331k-property-tax-break/

    “Federal prosecutors have been requesting records from the Cook County assessor’s office about a $331,000 tax break the governor got after removing the toilets during remodeling of a mansion he owns next to his own home. Authorities sought the name of every employee who was involved in the tax break, along with associated communications.”

    Prosecutors started looking into the toilet issue in the summer of 2020.

    Here we are Sept 1, 2022 and there is nothing, NOTHING, in the media about the progress of this TWO-YEAR old INVESTIGATION.

    Where is our fourth estate?

    Chicago’s Very Own?

    Eyewitness news?

    Etc.

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