Loop Capital Markets - Follow The Money

Is there any link to Ariel Investments from Loop Capital?

a reply to: queenofswords

Yea.
Obama.

originally posted by: CAPT PROTON

originally posted by: Edumakated

originally posted by: jadedANDcynical
a reply to: Edumakated

Public Pension fund dollars, lots of them by the way, were turned over to Obama's cronies. They then took the money that was made and fed it back to Obama as campaign donations.

And...let's take a look at someone else in the Muckety Map in the OP:

Bynoe was hired in 2008 by Chicago-based Loop Capital Markets LLC.[24] Bynoe serves as Managing Director of Corporate Finance.[25]

In August 2013, Bynoe left his executive role at Loop Capital Markets LLC to become CEO of Rewards Network, a company controlled by investor Sam Zell that offers loyalty programs for restaurants.

...

Bynoe became a partner at DLA Piper Rudnick Gray Cary LLP (US) in 1995 when he joined the firm and remains a member of the firm's Executive Committee.

...

Bynoe also was involved in the 2012 Summer Olympics, and was a backer of Barack Obama.

Wikipedia

Guess who else has history with DLA Piper?

Peter Comey

Senior Director, Real Estate Operations at DLA Piper LLP

Washington D.C. Metro Area
Real Estate

Current

DLA Piper LLP

Previous

Praedium Advisors, LLC and Procon Consulting LLC, Lowe Enterprises Real Estate Group, The George Washington University

Education

The George Washington University - School of Business

LinkedIn

But it's just networking and schmoozing, right?

Yes, that is what networking and schmoozing is... you can do a muckety map with literally anyone who is even remotely prominent whether they are left or right politically. It doesn't mean anything.

Hell, I am nobody important but still no more than one or two people at most removed from all of the people in the OP, including Obama, based on the circles I've been in business and education wise.

I don't even like Obama politically, but I am still not seeing the controversy. Every business man in America is guilty then if this is the standard...

Here's the thing, you don't network and schmooze to remove Public Pension dollars from a pension fund. That money is specifically reserved for pension holders like police officers, firefighters, teachers, etc. This is how pensions fail, someone goes in and starts removing money from the fund and over time the fund fails because it can't meet its payout obligations to its members who are supposed to receive a regular distribution from the fund. Its called stealing, not doing business.

Ok, thanks for displaying your ignorance of asset management. No funds were "removed" from the pensions. Investment companies whether private equity, hedge funds, and other asset managers vie to manage a portion of pension funds dollars. This is how the pensions get the returns necessary to pay the retirees.

So a large asset manager, Ariel Capital wants the pension to invest in some of its funds. So because the pension fund does so and because the President happens to be an Obama supporter, this is the grand conspiracy? So all investment management firms must be totally neutral politically?

The point I am making is that while it is fun to find connections, it doesn't necessarily mean anything nefarious. Again, the circle is really small with these players at that level and everyone is connected to some degree. Business people use their connections to make deals.

Here is yet another upstanding individual the Loop Capital was involved with:

He was a twenty-something wannabe developer, the son of immigrants from India, and he dreamed of building a $900 million hotel and convention complex near O’Hare Airport.

He assembled a team of political heavyweights, including Illinois House Speaker Michael J. Madigan, and traveled to China to get investors.

Now, the land sits empty, and Anshoo Sethi awaits sentencing, possibly this week, after pleading guilty to wire fraud.

...

After meeting with the authority and its chairman, William A. Brandt Jr., a businessman and major fund-raiser for the Democratic National Committee, Sethi hired Loop Capital Markets, an investment bank founded by Albert Grace Jr.

WATCHDOGS: Political insiders cashed in on failed O’Hare project

And recently:

On Wednesday, March 28, the Chicago City Council held its monthly full council meeting. The multi-billion-dollar expansion project for O’Hare Airport was the main item up for debate and vote. Other items discussed and voted on included incorrect property assessments for some major buildings downtown, bans on body armor sales in Chicago, police oversight and more.

...

The bond is the first roll-out of the expected $8.5 billion expansion project at O’Hare and will be managed by JPMorgan, Citibank and Loop Capital.

O’Hare expansion funding, property taxes, city safety and more: March Chicago City Council meeting

So this guy Sethi gets prosecuted for wire fraud in relation to a hotel project ay O'Hare airport. He happens to have hired someone from Loop Capital prior to being indicted, while he was perpetrating his fraud; he goes down.

Fast Forward a number of years and Loop Capital is now partially in charge of more projects at O'Hare.

originally posted by: jadedANDcynical
Here is yet another upstanding individual the Loop Capital was involved with:

He was a twenty-something wannabe developer, the son of immigrants from India, and he dreamed of building a $900 million hotel and convention complex near O’Hare Airport.

He assembled a team of political heavyweights, including Illinois House Speaker Michael J. Madigan, and traveled to China to get investors.

Now, the land sits empty, and Anshoo Sethi awaits sentencing, possibly this week, after pleading guilty to wire fraud.

...

After meeting with the authority and its chairman, William A. Brandt Jr., a businessman and major fund-raiser for the Democratic National Committee, Sethi hired Loop Capital Markets, an investment bank founded by Albert Grace Jr.

WATCHDOGS: Political insiders cashed in on failed O’Hare project

And recently:

On Wednesday, March 28, the Chicago City Council held its monthly full council meeting. The multi-billion-dollar expansion project for O’Hare Airport was the main item up for debate and vote. Other items discussed and voted on included incorrect property assessments for some major buildings downtown, bans on body armor sales in Chicago, police oversight and more.

...

The bond is the first roll-out of the expected $8.5 billion expansion project at O’Hare and will be managed by JPMorgan, Citibank and Loop Capital.

O’Hare expansion funding, property taxes, city safety and more: March Chicago City Council meeting

So this guy Sethi gets prosecuted for wire fraud in relation to a hotel project ay O'Hare airport. He happens to have hired someone from Loop Capital prior to being indicted, while he was perpetrating his fraud; he goes down.

Fast Forward a number of years and Loop Capital is now partially in charge of more projects at O'Hare.

You do realize there are only so many investment banks right? I mean Loop does municipal financing and is based in Chicago... so surprise, they are involved with a bond issuance for O'Hare expansion. Whowuddathunk? I mean that is just some ground breaking connect the dots analyses.

You do also understand that part of investment banking is raising capital? So this guy hires Loop to raise capital for his project, but he turns out to be a dud, so now by extension, Loop is also in on it.

Look, every major city has political insiders and connected business folks getting deals. Just pick a city and you do the same analyses. Atlanta, NYC, LA, etc. Just pick one.

For the umpteenth time... the circle is small. Everyone knows everyone at that level to some degree. The connections are not hard to make even though there is nothing to it.

Not surprised to see they're linked up with new Governor/Slum Lord JB Pritzker too.