"Hey, Mr. and Ms. Bond Investor, this mayor and council — you know, the ones asking you to invest in the future of Chicago — aren’t willing to pay a nickel during the remainder of their terms to cover any part of what the city will owe you over the next 30 years. But surely some future mayor and aldermen will step up. Worry not."
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.
Hopefully Brandon’s bond issuance ploy will be as forcefully slapped down as Bally’s bond attempt. Crap investments deserve zero respect from market.