Banking officials, community groups home ownership disparity – Center Square

Illinois State Senator Mattie Hunter had strong words for the bankers who denied credit to Black borrowers and the banking industry in general: “This is a criminal situation here as far as I am concerned, because you all have withheld billions and billions and billions of dollars from my community, from our community, and many of you all need to lose your license."
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Governor of Alderaan
5 years ago

It’s criminal that banks only lend money to people who will pay it back

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Mark Glennon on AM560’s Morning Answer: Chicago pension buyout plan mostly shifts debt rather than eliminating it, property tax surge doubles inflation over three decades

Chicago’s political leadership is floating a pension buyout program as evidence it is seriously addressing the city’s thirty-six-billion-dollar unfunded pension liability, but Mark Glennon, founder of the Illinois policy research organization Wirepoints, said that the proposal moves debt from one column to another rather than reducing it, and that the broader fiscal picture facing the city continues to deteriorate across every measurable dimension. Audio here.

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