Free Republic

President Obama's former traveling assistant got financial assistance on his departure from government from a New York financier who is a top Obama fundraiser. Reggie Love, Obama's former "body man" and a former Duke basketball star who the President has referred to as his "little brother" left the White House last November, and is on track to receive his MBA this December from the University of Pennsylvania's Wharton School of Business. In the meantime, Love has received money, three sources told BuzzFeed, from Orin Kramer, the managing partner of Boston Provident and a leading Democratic fundraiser who has raised more...

Many of the fake documents used by a leading Democratic Party fund-raiser to defraud HSBC and Citigroup Inc were made by his brother-in-law, U.S. prosecutors said on Friday. Authorities arrested and charged Shahin Kashanchi, brother-in-law of indicted fund-raiser Hassan Nemazee, who donated to the presidential campaigns of Barack Obama, Hillary Clinton and other leading Democrats over the years. Nemazee pleaded not guilty on Wednesday in Manhattan federal court to defrauding a total of three banks -- Bank of America was the other -- out of $292 million in loan proceeds. "Based on e-mail traffic between Kashanchi and Nemazee, Kashanchi was...

New Jersey's pension fund has lost more than $23 billion this year, dropping to its lowest level since 2003 as a collapsing financial market battered its investments, a state report showed yesterday. The latest losses -- nearly $9 billion in October, and another $3 billion so far this month -- mean the fund is now worth $57.8 billion, or less than half the $118 billion in benefits it is due to pay out over time, state reports show. "I don't think any of us in the division have ever seen anything like it," said Bill Clark, director of the state's...

<p>A New Jersey pension fund run by one of Barack Obama’s earliest and biggest campaign fundraisers has lost $25 billion -- including $9 billion in October, a published report says.  The New Jersey Investment Council, chaired by hedge fund manager Orin Kramer, says that the value of the state pension fund has shrunk from $82 billion in July to $57 billion, Politicker NJ reports.  The report could not be confirmed.</p>

Obama bundler says he lost $25 billion of N.J. pension funds By Editor Hedge Fund millionaire Orin Kramer and Obama national finance director Julianna Smoot. A state pension fund headed by Kramer says they have lost $25 billion since July A New Jersey pension fund run by one of Barack Obama’s earliest and biggest campaign fundraisers/bundlers has lost $25 billion -- including $9 billion in October, according to a report issued today by a state panel. The New Jersey Investment Council, chaired by hedge fund manager Orin Kramer, says that the value of the state pension fund has shrunk from...