FOX Business Network (FBN) Senior Correspondent Charlie Gasparino reports that Chicago Mayor Rahm Emanuel “was hanging out at Sistina with bankers in Manhattan” because he is allegedly trying “to get New York businesses to hire more in Chicago.” However, Gasparino reports that the real reason Emanuel is in town is to “squeeze more money out of the fat cats” for President Obama’s campaign.”

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Excerpts from the report are below.

On Chicago Mayor Rahm Emanuel’s trip to New York:

“Rahm Emanuel was hanging out at Sistina with bankers in Manhattan. He was accompanied by his outside economic advisor Michael Sacks who is the CEO of the hedge fund Grosvenor Capital. He is out there actively raising money for the president so is he in town to squeeze more money out of the fat cats that the president loves to tackle. What they told me is he’s trying to get New York businesses to hire more in Chicago. But, what New York businesses are there in Chicago? It sounds absurd.”