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Chicago Public Schools borrow $275 million at sky-high interest rate
Sun-Times ^
| 06/19/2017
| Lauren FitzPatrick and Fran Spielman
Posted on 06/20/2017 7:22:43 AM PDT by george76
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To: george76
if they don't pay, JPM should change the locks on the schools and sell them
61
posted on
06/20/2017 5:59:43 PM PDT
by
Chode
(My job is not to represent the world. My job is to represent the United States of America-#45 DJT)
To: tflabo
It is in the state constitution.
Nutty I know, but they are in a death pact. My bride teaches in IL (we live in IA), and we have never planed on her pension being paid. Of course, we don’t really plan on our IRA or 401K being allowed to stay either.
62
posted on
06/22/2017 7:25:25 AM PDT
by
redgolum
To: george76
The Chicago Public Schools will pay 6.39 percent — an extraordinary interest rate by short-term lending standards — to borrow $275 million it needs to make a mandatory payment for retiree pensions before a June 30 deadline. Uhhhhhh. A question from the back of the FEMA Re-education camp?
What happens when the next mandatory payment comes due?
I'll take my answer over the loudspeakers.
63
posted on
06/22/2017 8:23:50 AM PDT
by
Texas Eagle
(If it wasn't for double-standards, Liberals would have no standards at all -- Texas Eagle)
To: george76
I guess Morgan has officially lost its mind, loan officer and director wise.
64
posted on
06/23/2017 7:20:27 PM PDT
by
stevem
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