Seems a lot of Obama’s donors are crooks and thieves who enjoy stealing other people’s money (see Jon Corzine). They share the same Obama qualities.
From WFB:
Prominent hedge-fund manager and Obama donor Alphonse “Buddy” Fletcher is embroiled in a legal battle with three Louisiana-based pension funds seeking to recoup a $100 million investment with his firm.
Fletcher, who operates a series of hedge funds—some of which are based in the Cayman Islands and reportedly oversee as much as $500 million in assets—contributed at least $2,300 to Obama’s campaign in 2008 and $50,000 to the president’s inauguration fund.
One of those hedge funds, Fletcher International Ltd., filed for bankruptcy protection on June 29, and recently sued some of its own Cayman Island-based affiliates in an effort to stop the court-ordered liquidation of its assets.
When three Louisiana employee pension funds decided to invest nearly $100 million in Fletcher International in 2008, Fletcher guaranteed a lucrative12 percent return on their investment. One of Fletcher’s associates also claimed the investment could be liquidated “in a matter of weeks,” if necessary.
A DVD recording of a 2008 meeting between Fletcher’s firm and administrators of one of the pension funds shows a pension fund board member questioning whether the offer was “too good to be true.” The funds went ahead with the investment anyway.
When the pension funds sought to withdraw their investment in 2011, Fletcher denied their request. The funds were given promissory notes, essentially IOUs, instead
