Isn’t there some way for fed-up citizens of Illinois, Cook County and Chicago to force their governments into receivership?
After all, when a corporation is as stunningly incompetent as are Illinois Gov. Rod Blagojevich, legislative leaders, Cook County Board President Todd Stroger, Chicago Mayor Richard M. Daley and his toady City Council, creditors can force it into bankruptcy in which a court-appointed trustee straightens out the mess or, if necessary, shuts it down to preserve the remains.
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Dan Kelley says:
I had the exact same thought yesterday. If an action in equity was filed against any business as mismanaged as one of our municipal corporations, City or County, take your pick, a capable judge would place it in receivership!