Web Toolbar by Wibiya
Login | Sign Up AnonymousUser
twiter
New to Comunitee?


or Sign Up with Email

Business

>> RAHM EMANUEL Latest News

JUL 28, 2013 - Zero Hedge

A Must Read - Share

Chicago Next? Windy City Cash Balance Plummets To Only $33 Million As Debt Triples

While everyone's attention is focused on the Detroit bankruptcy, and just what assets the city will sell in lieu of raising a DIP loan, perhaps it is time to refocus attention to the city 300 miles west: Chicago. According to the Chicago Sun Times, Obama's former right hand man, Rahm Emanuel, closed the books on 2012 with $33.4 million in unallocated cash on hand — down from $167 million the year before — while adding to the mountain of debt piled on Chicago taxpayers, citing year-end audits. In addition to a liquidity problem, Chicago may also be quite insolvent as the city's total ... Read More

Tags: Chicago Next? Windy City Cash Balance Plummets To Only $33 Million As Debt Triples,  Rahm Emanuel Latest News