Much of the routine trade and investment between China and America is entirely appropriate and in America’s interest. But inserting the Chinese Communist Party into America’s pay-to-play system and its economic development strategy isn’t just crossing a line. It’s a leap into an abyss of stupidity.
Chicago’s place and legacy as a financial center died decades ago. It is a second tier regional hub at best.
Chicago’s financial legacy will be bankruptcy.
Chicago is not a leading financial services industry like it once was and not sure there is much of a legacy left. Northern Trust is one of the few still standing. American National, Harris Bank, Continental, LaSalle Bank, First Chicago – all gone. There are good, smaller banks that still invest in communities, but it seems at some point the money is too good to pass up and the board of directors/shareholders start to consider selling out. Add taxes per employee or service taxes like Brandon and Pritzker want and there is no shot to bring large groups of employees… Read more »
More reasons for the financial sector to pull out of IL like Citadel and the rest.