‘Shaky’ Real Estate Deal Brokered by Obama/Daley Associate Costs Chicago Pension Funds $54 Million Loss

A report finds that several “financially-strapped” Chicago pension funds invested $68 million in a “shaky” real estate deal brokered by a man associated with Chicago Mayor Richard Daley and Barack Obama that ultimately resulted in a $54 million loss.

A report finds that several “financially-strapped” Chicago pension funds invested $68 million in a “shaky” real estate deal brokered by a man associated with Chicago Mayor Richard Daley and Barack Obama that ultimately resulted in a $54 million loss.

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