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Kristi Culpepper, a muni-bond expert, exposes Chicago’s bond financing scheme as a house of cards. Culpepper examined the city's bond documents to uncover taxpayers paying billions for greedy politicians' shady financial legerdemain: including using long-term financing to cover day-to-day expenses, using bonds to pay pension obligations, and, misappropriating returns from the interest rate swap portfolio as an “ATM” for the city.

Remember, the kingpins of Chicago criminal politics moved into DC with Obama. The stench from the Chicago sleaze is permeating the air... starting w/ Obama's ex-COS Mayor Rahm Emanuel.

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FACTOIDS Bonding is eternal taxation----the insider deals bonding companies made w/ shady pols to get the bonding business would tell a tale of greedy pols accumulating riches through massive govt corruption.

If these bonding deals were effectuated by way of referendum at the ballot box----and misled investors into buying tax-fee muni bonds----the SEC would be interested. EMAIL enforcement@sec.gov

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THIS MADE ME LAUGH OUT LOUD shortly after quitting his powerful WH job as Obama's COS, Rahm held a presser declaring he "just remembered" he really, Really wanted to be Mayor of Chicago. Then Rahm announced he had magically "raised" $30 million for his campaign in "just a matter of weeks." (waiting for hysterical laughter to die down).

Ya gotta wonder how much the cunning onetime Wall Streeter wired offshore when Obama put Rahm--in a dual role---as his COS....... AND in charge of the entire US Treasury.

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BACKSTORY---THE KINGPINS OF CHICAGO CRIMINAL POLITICS IN OUR WH wasted no time.....they had a stranglehold on the Census, AND the US Treasury, from day one.

The minute Obama/Valerie/Rahm/Axelrod/Geithner, and that Practiced bunch of Chicago criminals, landed in the WH they did two things that were apparently crucial to their evil plans

(a) they took control of the US Census;

(b) Obama placed his COS Rahm Emanuel in control of the US Dept of the Treasury (cabinet-level agency oversees IRS).

THE SMOKING GUN---WSJ REPORT--On Jan 20, 2009 Timothy Geithner was appointed Obama's Secy of the Treasury. But within three weeks, the Obama White House tightened its grip on Treasury. Obama put his COS, Rahm Emanuel, in charge of Treasury---Rahm Emanuel's dual role was an unusual move.

When he got to Treasury, WH COS Rahm Emanuel was so involved in the inner workings of the Treasury that the phrase "Rahm wants it" had become an unofficial mantra among subservient govt staffers, prostrate in obeisance, scurrying to accede to Rahm's wishes, according to Treasury government officials. Reported by WSJ / 05/31/09

More here: http://online.wsj.com/article/SB124113406528875137.html

I’m hunting...deadpelican.com, forgotston.com, et al. He’s cut so many ribbons on companies he has awarded tax “benefits”...that never show up; Vee Vehicle, Next Vehicle, Eleo Motors, and that is only in my neck of the woods.

Louisiana politicians are much like Chicago. It’s a thugocracy. In LA, the Guv appoints the State Senate President. Jindal appointed former Demoncrat congriscritter, John Alario, to the Senate president position. His wiki page has been wiped, though ther might be some info at thehayride.com.

I’ll keep digging....the media protects Jindal like it protects Obambi.