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“Those numbers are inexcusable and they need to be corrected,” City Treasurer Melissa Conyears-Ervin said, responding to a report that found large racial disparities in where banks lend money. But, she continued, it will be difficult to exclude a bank as large as Chase that is “embedded within the city of Chicago’s municipal depository system.” “You’re saying we’re between a rock and a hard place. They can slap us and we still have to pay them to slap us,” said Ald. David Moore (17th).
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WIREPOINTS ORIGINAL STORIES
Audio and summary Illinois bill would override local law to allow homeless living in all public parks – Wirepoints
April 14, 2026
27 Comments
If this bill passes, say goodbye to local control over all Illinois parks and expect to see open drug and alcohol use, needles, no sanitation and fire hazards, but no ordinary park users.
Mark Glennon on AM560’s Morning Answer: Chicago Fiscal Crisis Worse Than Pre-Bankruptcy Detroit, HIV Surge and Public Health Threat From Open Borders Goes Unreported
April 10, 2026
2 Comments
Summary and audio linked here.
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
April 3, 2026
9 Comments
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.
WBEZ and Chicago Sun-Times falsely blame Texas Gov. Abbott for 2020 to 2024 surge in Chicago Latino HIV, AIDS infections – Wirepoints Quickpoint
March 31, 2026
11 Comments
Expect no retraction or apology. This what they do.
Forcing banks to lend to unqualified borrowers is a disaster. It has been done before and it doesn’t work. The reality is, everybody doesn’t get to own a home. Work hard, save and maybe someday it can happen for you, but no promises. I know that’s hard to hear for some people, but the truth does hurt sometimes.
The banks did a lot of them a favor by not lending them money.
How many loans are upside down?
How many with loans have homes that depreciated?
How many with loans have homes that appreciated slower than a turtle?
The solution is more loans to avoid disinvestment because people with cash will not invest there?
How many have a home loan, car loan, student loan, and payday loan, and/or title loan and now cannot pay their bills?
Loans are more dangerous than COVID-19 to people with little money.