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Did Kwame loot the municipal pension fund?


Obama’s pal Kwame is among the most corrupt municipal leaders in US history.

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From The American Interest…

Few readers will be surprised to learn that decades of incompetence and entrenched corruption in Detroit’s government have not only helped wreck the city; firms linked to former Democratic mayor Kwame Kilpatrick also looted the pension fund.

The latest scandal, which leaves even hardened observers of the abysmal Democratic machine that has run the city into the ground bemused, involves a real estate firm which gave the felonious mayor massages, golf outings, trips in chartered jets and other perks as this enemy of the people went about his hypocritical business of pretending to care about the poor while robbing them blind. The firm, apparently run by a sleazy low class crook named by the reprehensible Kilpatrick to be the Treasurer of what was left of Detroit’s finances, used Detroit pension funds to buy a couple of California strip malls. Title to the properties was never transferred to the pension funds, and they seem to be out $3.1 million.

Obama and Kwame on the campaign trail together in 2007.

Kilpatrick’s partner in slime is his ex-college frat brother Jeffrey Beasley, who is accused of taking bribes and kickbacks as he made bad investments that cost pension funds $84 million. Overall, a Detroit Free Press investigation estimates that corrupt and incompetent trustees appointed by Democratic officials over many years in Detroit are responsible for almost half a billion dollars in investments gone wrong.I honestly don’t know why there is so little national outrage about this despicable crew and the terrible damage they have done. The ultimate victims of the crime are Detroit’s poor and the middle class and lower middle class, mostly African-American municipal workers who may face serious financial losses in old age.

The 41 year old Kwame Kilpatrick may well be the worst and most destructive American of his generation; his two terms as Mayor of Detroit are among the most sordid and stomach churning episodes in the storied history of American municipal corruption. Now under federal indictment for, essentially, running Detroit City Hall as a criminal enterprise, Kilpatrick reportedly turned down a plea bargain that included a 15 year prison term. Insiders say that since the maximum time for the charges he faces was 18 years, the offer from the prosecutors indicates strong confidence in their case. Indicted with him was his father; it’s nice to think that father and son will have some quality time in the can.



The second factor is more disturbing: there is a pervasive national sense of ennui and despair about urban areas in which African Americans are the majority. ‘We’ expect decline, decay and corruption in these places, so the Kilpatrick story strikes many editors and journalists as just another ‘dog bites man’ story: not news. Cory Booker is news; Kwame Kilpatrick isn’t.