You may be right and I hope you are. Michael Savage thinks Rahm is pissed off at O. I had always heard that Chicago’s real money and power were the exchanges - CBOE and CME. The real power is Irish-Catholics and Jews at the exchanges. I think the market suprise in the late summer of 2008 was cooked up at the CBOE and CME.
The CME does trade credit default swaps among other things. This was helped by the hedge fund thugs who are major Dem contributors.
The Italian mob was big in Capone’s day but I do not think they are a power in Chicago.
Just FYI - I grew up outside Chicago. This is nothing new to me. As far as the Italian Mob back in Capone’s day, but not there now? Surely you jest.
As far as Irish-Catholics and Jews at the exchanges? Seriously??? As a former Cook County Irish-Catholic you’re barking up the wrong tree there. That’s just offensive!
Oh, and lest anyone think I’m anti-Italian... There is MORE than just the “Italian” Mob...
The Outfit (as we call the mob in Chicago) is a shadow of its former self. It still exists, but its influence is not what it used to be. A clown like Obama could never have risen to power in the Giancana/Accardo/old man Daley era.
As for the exchanges, the real power is not any ethnic group - it’s the people who work the bond pits and the e-Mini S&P futures.
I think you’ve mistaken the CBOE for the CBOT which is now part of CME Group. CBOE is an options exchange - powerful in its own right, but not like the CME.