Note to readers from Mark Glennon re: Ukraine
May 6, 2026
4 Comments
Everybody needs a side hustle these days, and mine is Ukraine, where I am now.
-- Connecting the dots between our economy, government and business --
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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.
I would rather see the Illinois pension funds buy Illinois bonds and vice versa for Chicago. This way the pension funds would be forced to restructure to avoid death spiral bankruptcies by Illinois and Chicago!
meant the same for Chicago, have Chicago pension funds buy Chicago bonds, ignore the vice versa.
Maybe someone can explain how a bankrupt and financially mismanaged entity can take taxpayers money to buy debt from another government entity relying on the same tax base makes any sense at all. Governments buying other governments should not be allowed. Our elected state treasurer has the following credentials for the job “Frerichs was born and raised in the small farming town of Gifford. Upon graduating from Rantoul Township High School, Frerichs attended Yale University and received his BA in 1995. He then attended National Cheng Kung University in Taiwan where he studied Mandarin Chinese while teaching English courses.[5] Upon… Read more »
Exactly. Left unchecked, senseless as it is, you could see this form of backdoor bailout expanding but only for municipalities that Springfield, or the Treasurer, select.