How Illinois pols have pocketed more than $5 million in what Barack Obama once dubbed ‘legalized bribery’ – Chicago Sun-Times

Dozens of former elected officials have kept campaign cash for themselves. It’s all legal under a loophole in the state’s ethics reform. ‘I’m the charity,’ says one ex-legislator who pocketed $583,357 — the biggest money-grab. A few examples:

Last year, former 36th Ward Ald. William J.P. Banks wrote himself a $291,708 check when he shut down his campaign committee, and former Senate Republican Leader Christine Radogno of Lemont took $36,157 from her still-active campaign fund.

Some other big beneficiaries of campaign cashouts: former state Sen. James DeLeo, D-Chicago, who took $271,681, and

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Chicago considers municipalizing ComEd – Utility Drive

“Chicago has an opportunity to define its energy future,” said Alderman Carlos Ramirez-Rosa, one of the sponsors of the measure to study municipalizing ComEd, in a statement. “[T]hrough municipalization Chicago could accelerate decarbonization, and implement a progressive rate structure that ensures better rates for working-class Chicagoans.”

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Richard Epstein: Chicago Betrays the Public Trust for Obama – Wall Street Journal

“Chicago’s handling of the presidential center violates the venerable public-trust doctrine, under which a municipality owes a duty of loyalty and care to its citizens analogous to a corporation’s duty to its shareholders. Cities must follow transparent procedures and work to maximize residents’ gains, not give huge public handouts to politically powerful private entities. Chicago officials should, in fact, feel a higher duty to provide fair value to the public because of the huge conflict of interest raised by the longstanding relationship between the Obama family and the city.”

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