Seacrest wrote:
America wrote:
This is undoubtedly Rauner's fault. Let's secede.
Yeah, Chuy couldn't have done better.
I personally would loved to have watched Willie Wilson's first presser after this development.
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| Chicago Junk Bond Status: Achieved https://mail.chicagofanatics.com/viewtopic.php?f=47&t=93987 |
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| Author: | America [ Wed May 13, 2015 11:58 am ] |
| Post subject: | Chicago Junk Bond Status: Achieved |
We're #1! |
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| Author: | denisdman [ Wed May 13, 2015 11:59 am ] |
| Post subject: | Re: Chicago Junk Bond Status: Achieved |
It's ugly. Was just going back through the financial problems. http://www.cityofchicago.org/content/da ... R_2013.pdf |
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| Author: | America [ Wed May 13, 2015 12:02 pm ] |
| Post subject: | Re: Chicago Junk Bond Status: Achieved |
This is undoubtedly Rauner's fault. Let's secede. |
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| Author: | Seacrest [ Wed May 13, 2015 12:09 pm ] |
| Post subject: | Re: Chicago Junk Bond Status: Achieved |
America wrote: This is undoubtedly Rauner's fault. Let's secede. Yeah, Chuy couldn't have done better. |
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| Author: | Regular Reader [ Wed May 13, 2015 2:53 pm ] |
| Post subject: | Re: Chicago Junk Bond Status: Achieved |
Seacrest wrote: America wrote: This is undoubtedly Rauner's fault. Let's secede. Yeah, Chuy couldn't have done better. I personally would loved to have watched Willie Wilson's first presser after this development.
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| Author: | lipidquadcab [ Wed May 13, 2015 2:56 pm ] |
| Post subject: | Re: Chicago Junk Bond Status: Achieved |
The name's Bond...Junk Bond... |
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| Author: | Hatchetman [ Wed May 13, 2015 3:02 pm ] |
| Post subject: | Re: Chicago Junk Bond Status: Achieved |
these rating companies are a big sham. who in their right mind would have loaned Chicago any money over the past five years? unless you have some dumb sucker to sell the bond to. |
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| Author: | billypootons [ Wed May 13, 2015 3:24 pm ] |
| Post subject: | Re: Chicago Junk Bond Status: Achieved |
Regular Reader wrote: Seacrest wrote: America wrote: This is undoubtedly Rauner's fault. Let's secede. Yeah, Chuy couldn't have done better. I personally would loved to have watched Willie Wilson's first presser after this development. WILLIE WAS ON THE NEWS LAST NIGHT SAYING HE WAS CONTEMPLATING running for president... because to a normal person getting 10% of the vote in a mayoral race means you have a chance to win the presidency |
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| Author: | denisdman [ Wed May 13, 2015 3:26 pm ] |
| Post subject: | Re: Chicago Junk Bond Status: Achieved |
There are whole segments of the investment world that buy junk bonds because of the yield. It's no different than an investor betting on an unprofitable drug development company or picking up distressed real estate, The investor decides if the risk is worth the reward relative to other investment options. As for muni debt, it has the advantage of being tax free. Repayment is based upon the taxing power of the issuer, and Chicago has a large tax base. At this point I would not buy a Chicago bond mainly because of the pension liabilities. It is a good bet that a court managed restructuring will occur in the next few years. I just don't see any other way out of the pension mess. |
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| Author: | Seacrest [ Wed May 13, 2015 3:33 pm ] |
| Post subject: | Re: Chicago Junk Bond Status: Achieved |
Regular Reader wrote: Seacrest wrote: America wrote: This is undoubtedly Rauner's fault. Let's secede. Yeah, Chuy couldn't have done better. I personally would loved to have watched Willie Wilson's first presser after this development. well Rahm ("I can handle this better than Chuy") Emmanuel had the exact reaction that I thought he would. |
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| Author: | bigfan [ Wed May 13, 2015 5:58 pm ] |
| Post subject: | Re: Chicago Junk Bond Status: Achieved |
Seacrest wrote: Regular Reader wrote: Seacrest wrote: America wrote: This is undoubtedly Rauner's fault. Let's secede. Yeah, Chuy couldn't have done better. I personally would loved to have watched Willie Wilson's first presser after this development. well Rahm ("I can handle this better than Chuy") Emmanuel had the exact reaction that I thought he would. ike could handle it better than Chug. |
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| Author: | IkeSouth [ Wed May 13, 2015 7:41 pm ] |
| Post subject: | Re: Chicago Junk Bond Status: Achieved |
bigfan wrote: ike could handle it better than Chug. way to state the obvious captain |
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| Author: | America [ Thu May 14, 2015 8:31 am ] |
| Post subject: | Re: Chicago Junk Bond Status: Achieved |
This really doesn't matter to Chicago the way it did to Cleveland and Detroit. This is more like NY in the 70's, Chicago is still a destination city for a lot of people. |
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| Author: | Curious Hair [ Thu May 14, 2015 10:11 am ] |
| Post subject: | Re: Chicago Junk Bond Status: Achieved |
America wrote: This really doesn't matter to Chicago the way it did to Cleveland and Detroit. This is more like NY in the 70's, Chicago is still a destination city for a lot of people. RAHM TO ALL LIVING THINGS: DROP DEAD |
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| Author: | Seacrest [ Thu May 14, 2015 11:26 am ] |
| Post subject: | Re: Chicago Junk Bond Status: Achieved |
America wrote: This really doesn't matter to Chicago the way it did to Cleveland and Detroit. This is more like NY in the 70's, Chicago is still a destination city for a lot of people. Is this a joke? Or do you actually think that the taxes of the visitors and new residents will cover the city's pension shortfall? |
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| Author: | America [ Thu May 14, 2015 2:42 pm ] |
| Post subject: | Re: Chicago Junk Bond Status: Achieved |
The city has survived much worse. The biggest negative is this will be used as an excuse for Emanuel to continue selling the city off to billionaires to cover the budget, that'll be the largest long-term negative of this. |
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