Spitzer Hits Up Union Dominated Pension Funds For Vulture Fund

Posted by John Carney, Jun 10, 2008, 2:31pm

Even if the Feds think they have a rock-solid case against Eliot Spitzer, it seems the disgraced former governor doesn't think he's going to spend time in the big house. Today we learn from the New York Sun's Jacob Gershman that Spitzer is looking to launch a fund that would buy up distressed real estate assets.

Save for a few years as a lawyer in private practice, Spitzer has spent most of his adult life as a public servant. His main connection to real estate is his bloodline. His father emigrated from Austria and a became areal estate magnate. So does Spitzer think is going to invest in his real estate vulture fund?

Union dominated pension funds, of course. Spitzer is well connected to several labor unions, and so it was to union officials he turned for financial backing.

Spitzer Mulls Starting Vulture Fund [New York Sun]

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Posted in: Eliot Spitzer

Comments

Posted by guest, Jun 10, 2008 2:39PM

oh, yeah, he's gonna get the great paper.

Posted by guest, Jun 10, 2008 2:57PM

How does one emigrate from Austrian?

Posted by guest, Jun 10, 2008 3:06PM

oh! you're austrian? Well, we'll throw another shrimp on the barbie for ya~!

Posted by guest, Jun 10, 2008 3:10PM

omg, dying here.

Posted by guest, Jun 10, 2008 3:30PM

"His father emigrated from Austrian"

Aaah ...........so that was the addition to the World Atlas.

Posted by HighWaterMark, Jun 10, 2008 3:33PM

Worth the click-through... Not only do you learn how much of his old man's $ he plans to lose per project, but apparantly the europeans are supportive of his deviance

Posted by guest, Jun 10, 2008 3:36PM

The reporter got it wrong. It's a fund for people looking to have sex with vultures--requires that at least one state line be crossed.

Posted by Capitalist Infidel, Jun 10, 2008 4:05PM

Can I buy shares in distressed hooker assets? Or maybe Collateralized Blowjob Obligations?

Posted by guest, Jun 10, 2008 4:40PM

The market should go contrarian on his holdings so Spitzer > Hunter.

Posted by guest, Jun 10, 2008 5:28PM

He's buying closed down AMPs in Waterbury CT

Posted by guest, Jul 08, 2008 3:06PM

puke

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