Exactly How Screwed Are Chicago Pensions? – Stump

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Rick
7 years ago

All the recent quiet crafting of laws specifically designed to determine who gets what and when in bankruptcy is the best evidence. Evidence that we have been brought past the point of no return fiscally by these schmucks. And they know it. Why these laws all the sudden for banks, bond holders, etc.? It’s because they have to “lawyer up” Knowing it’s all now a Ponzi scheme. Not to stay out of jail, but to “get what’s mine” ahead of you.

j.a.herzrent
7 years ago

Could Chicago voters through referendum force appointment of a receiver under the Financially Distressed Cities Act?

hele cook
7 years ago
Reply to  Mark Glennon

Incompetent media? Biased media? Or don’t want to upset the apple cart?

j.a.herzrent
7 years ago
Reply to  hele cook

Multiple factors in my opinion. Print media is under financial stress and reporters’ jobs are in jeopardy, so they write about what will stimulate a dwindling supply of readers while seeking to avoid offending politicians and union leaders who could make waves with publishers and advertisers. TV and radio media are playing to whatever audience will listen to them (Fox vs CNN) so there is a bias about what will be covered and how it will be covered. There is a basic lack of understanding of complicated issues with the result that reporters develop “sources” who have a point of… Read more »

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