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About That $10 Billion Bond Issue….

Dennis Byrne 5 September 2018 No Comment

What does Rahm (Lame Duck) Emanuel plan to do after leaving the mayor’s office next year? Here’s a thought:

He’s planning to issue $10 billion in bonds to help pay down the city’s huge pension debt. Imagine the commissions that the bonds will generate. Now ask where Emanuel plans to work after he leaves office. Will it have anything to do where the city lags its bond business?

Grovesnor

Is leaving his office to “pursue other interests” and the decision to float all those bonds just a coincidence? We’ll have to wait to find out. But seeing as how this is Chicago, it is proper to raise the question.

Dennis Byrne is a regular columnist for the Chicago Daily Observer

image listed building on Grovesnor Street, London

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