Another truckload of horseschite from political animal cheerleader Crain’s.
Buyers were running, not walking away from this bond issue. That’s what happens when buyers finally ignore the blind-as-a-bat credit rating companies and figure out that Chicago is selling long term bonds to pay current and prior expenses.
A largely unasked question is becoming glaring: Is Illinois doing all it should to use artificial intelligence to make government cost less and work better? So far, the evidence says no.
Another truckload of horseschite from political animal cheerleader Crain’s.
Buyers were running, not walking away from this bond issue. That’s what happens when buyers finally ignore the blind-as-a-bat credit rating companies and figure out that Chicago is selling long term bonds to pay current and prior expenses.
It was actually a Bloomberg article Crain’s reprinted, but I agree with what you said about it.
As Chicago’s fiscal situation goes down hill, the interest rate (and the taxpayers bill) will only go up.
Blame whatever you want but Fiscal Woes of Chicago is problem.