-- Connecting the dots between our economy, government and business --
Mayor Rahm Emanuel’s $10 billion pension bond idea deserves a brutal vetting. Since no real challenge will be made of the scheme by the Chicago media, I’ve decided to transcribe what an honest interview with Emanuel might look like.
Yet another chapter in the dishonest way the Obamaland is being rammed through.
“A dozen years ago, five financially strapped city of Chicago pension funds invested $68 million in a shaky real estate deal put together by a former boss of President Barack Obama and a nephew of Mayor Richard M. Daley…. Not only did the pension funds not make a profit, records show they will end up losing a combined $54.2 million for the retirement plans.”
“I got another chance to live.”
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