11 Comments
Newest
Oldest Most Voted
Inline Feedbacks
View all comments
Juicy Smollier
1 month ago

As I always ask … timelines please … prediction time. Go.

1 month ago

When does the Fed say, “sorry, the window is shut?” There is zero chance they are getting paid back anytime soon. What are the strings attached to the loans? Do these loans supercede other loans? Would be interesting to know since this hasn’t ever happened at this scale before.

Juicy Smollier
1 month ago
Reply to  Jeff Carter

I have heard a 3 year payback window.

madigans_spooge
1 month ago

It is smart for IL to load up on as much free money as much as possible before the default. I don’t think we are heading towards a bankruptcy.. We are heading for a hard default. The rest of the country are a bunch of suckas for giving it to us.

Juicy Smollier
1 month ago

You mean IL is just going to give it all up? What exactly is your thesis, I’m interested. Thanks.

Aaron
1 month ago

When you say “the rest of the country”, you really mean Republican states. All democrap states are broke.

Aaron
1 month ago

Face it, the smart ones already left IL.

Rick
1 month ago

The fed needs to kiss this money goodbye.

Hank Scorpio
1 month ago
Reply to  Rick

That ship has sailed — the Fed had already took over 4 trillion onto their books via QE following the 2008 crisis, and it stayed there. Illinois isn’t the only house of cards you have to worry about.

ConcernedExpat
1 month ago

Honest question: given this is a loan where does this loan rank in terms of priority in the capital stack? Ahead of bondholders and/or pension holders? If I were them I would not be too happy about getting primed…

Fed up neighbor
1 month ago

The only state to borrow sad so extremely sad, judgement day is forthcoming for this states politicians and pensions game over boys and girls.