http://illinoisreview.typepad.com/illinoisreview/2018/06/pelosi-in-chicago-to-raise-funds-for-democrat-contenders.html#more

Utterly appalling. Read every word of this.

More than a third of Chicago-area homeowners with a mortgage have so little equity in their homes that it won’t cover the cost of buying their next home. In some parts of the city’s South and West sides and south suburbs, the percentage increases to more than 50 percent.

At the end of 2017, a little more than 34 percent of Chicago-area homeowners with a mortgage either had negative equity, meaning they owed more than the house was worth, or were in the “effective negative equity” range, which means they have a thin slice of equity in the

Brown’s office has been under federal investigation for its pay-to-play hiring practices and other political wheeling and dealing. Earlier this year, authorities brought charges against two former employees for buying a job and lying to a grand jury.

Chicago hired three clout-heavy companies in 2010, the waning days of Mayor Richard M. Daley’s administration, to operate city-owned waste-transfer facilities, a way station for recyclables and trash.

The competitively bid deal — which, according to city officials, was awarded to companies with the best, though not necessarily the least-expensive, proposals — was supposed to be for three years and cost taxpayers no more than $79.4 million.

Eight years later, after Daley successor Mayor Rahm Emanuel has repeatedly extended the contracts without seeking competitive bids from other companies, the cost to taxpayers has ballooned by $65 million.