One of President Obama’s newest high-dollar fundraisers is a mortgage
investment kingpin with close ties to Fannie Mae and Freddie Mac, the
government sponsored lending giants many blame for facilitating the
financial crisis of 2007 and 2008.
Douglas Krupp cofounded the Berkshire Group, a Boston-based real estate investment firm, along with his brother George more than 30 years ago. The conglomerate has since grown to include seven equity funds, six mortgage funds, and two publicly traded real estate investment trusts (REIT).
Krupp is currently the director and chairman of Berkshire Income Realty, Inc. and a senior partner of Berkshire Realty Ventures, a private equity affiliate founded in 2010 by former Citi Group executive Larry Ellman.
Douglas Krupp and his wife Judith recently pledged to raise at least $500,000 for the president’s re-election campaign.
Since 2007, the couple has donated a combined $395,000 to Democratic candidates and committees, including more than $20,000 to Obama.
In June, the Krupps hosted the president at their Weston, Mass., mansion for an $18,000-a-head fundraiser that included such notable guests as Gov. Deval Patrick (D., Mass.) and senior Obama advisers David Plouffe and Valerie Jarrett.
Read more: http://freebeacon.com/obamas-mortgage-kingpin/
Douglas Krupp cofounded the Berkshire Group, a Boston-based real estate investment firm, along with his brother George more than 30 years ago. The conglomerate has since grown to include seven equity funds, six mortgage funds, and two publicly traded real estate investment trusts (REIT).
Krupp is currently the director and chairman of Berkshire Income Realty, Inc. and a senior partner of Berkshire Realty Ventures, a private equity affiliate founded in 2010 by former Citi Group executive Larry Ellman.
Douglas Krupp and his wife Judith recently pledged to raise at least $500,000 for the president’s re-election campaign.
Since 2007, the couple has donated a combined $395,000 to Democratic candidates and committees, including more than $20,000 to Obama.
In June, the Krupps hosted the president at their Weston, Mass., mansion for an $18,000-a-head fundraiser that included such notable guests as Gov. Deval Patrick (D., Mass.) and senior Obama advisers David Plouffe and Valerie Jarrett.
Read more: http://freebeacon.com/obamas-mortgage-kingpin/
No comments:
Post a Comment