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"How finished with Chicago - and how optimistic on Florida - is Citadel's Ken Griffin? He's $1 billion sure."
Summary and audio linked here.
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.
Expect no retraction or apology. This what they do.
The state’s existing buyout program for its own pensions is the precedent for Chicago, which should be a warning: Look out for similar exaggerated claims and shoddy analysis.
Full interview and summary linked here.
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The IL pols said Griffin is Florida’s problem now. That’s a problem any state except IL would want.
Griffin cracked corn and pols don’t care!
Griffin cracked corn and pols don’t care!
Griffin cracked corn and pols don’t care!
Cause the Dems won’t go away!
You an be sure that other trading firms in Chicago are looking at Miami now. There are many large trading firms in Chicago that the general public has never heard of who employ many highly paid employees. Electronic trading allows them to locate ANYWHERE. There no longer have any reason to stay in Chicago.
Time for Laurie and JB to put out press releases reminding folks that crime’s really not a problem in Chicago, and that “too many businesses to count” have relocated to Illinois from those horrible lower tax rates-n-less lawlessness un-woke red states.
They can always find some legacy media outlet happy to publish that sort of stuff.
To have not jumped through hoops to keep Griffin and Citadel in the City was a HUGE mistake. One that both Lightfoot and Pritzker should answer for … but they wont.
They don’t care about money. They only care for chasing out anyone with conservative values. Money doesn’t drive these people – ideology does.
You may be correct … though sucking money from our pockets and giving it to worthy voters is one of their favorite pass times.
Folks, Ken Griffen is a big fish for sure. When thousands of worker bees up and leave West Detroit will have arrived