Chicago institutions are borrowing more than $1 billion this week, helped by Wall Street’s improved outlook on the city and a bright spot in a bleak year for the municipal bond market.
Who in their right mind would consider purchasing Chicago bonds?
I mean, really?!?!?
Riverbender
2 years ago
Just remember when it comes to Chicago borrowing it is often for feel good spending programs for the Illinois free Stuff Army and you the taxpayer are on the hook for the bills despite not being able to vote one way or another on the programs. Illinois getting higher bond ratings just makes the States bad situations worse and as usual the taxpayers, once again, are on the hook.
Ex Illini
2 years ago
I’ll pass on Chicago bonds.
Where's Mine???
2 years ago
I assume none of these bonds are “scoop & toss” if they issued at 5.5% return? But what is “refunding bonds”? What is city “refunding”?—- “city sold $513.5 million in refunding bonds for Midway International Airport”
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.
Who in their right mind would consider purchasing Chicago bonds?
I mean, really?!?!?
Just remember when it comes to Chicago borrowing it is often for feel good spending programs for the Illinois free Stuff Army and you the taxpayer are on the hook for the bills despite not being able to vote one way or another on the programs. Illinois getting higher bond ratings just makes the States bad situations worse and as usual the taxpayers, once again, are on the hook.
I’ll pass on Chicago bonds.
I assume none of these bonds are “scoop & toss” if they issued at 5.5% return? But what is “refunding bonds”? What is city “refunding”?—- “city sold $513.5 million in refunding bonds for Midway International Airport”
Shush. Let them proceed.