Thursday, July 25, 2013

UPDATE: But NOT for his own kids… + Ty Fahner of the Civic Committee of the Commercial Club of Chicago admits to rigging the Illinois bond rating. | Reclaim Reform

Ty Fahner of the Civic Committee of the Commercial Club of Chicago admits to rigging the Illinois bond rating. | Reclaim Reform:

But NOT for his own kids…
“Surely Mayor Emanuel and his appointed school board wouldn’t think these polices and practices (and their ground-level reverberations) would be good for their own kids. If not, why insist that they’re good for other people’s children?” - Gregory Michie in Huffington Post View his entire excellent article HERE. Many of Rahm’s appointed school board members are multimillionaires and billionaires. T

Ty Fahner of the Civic Committee of the Commercial Club of Chicago admits to rigging the Illinois bond rating.

Ty Fahner of the Civic Committee of the Commercial Club of Chicago admits to rigging the Illinois bond rating. Hundreds of millions of dollars in additional profits will thus be made by pushing down the bond ratings which inflates the interest rates for the investors in the audience. (The CCCCC is a private club of multimillionaires and billionaires – plutocrats.)
“The Civic Committee, not me, but me and some of the people that make up the Civic Committee… did meet with and call – in one case in person – and a couple of calls to Moody’s and Fitch and Standard & Poors, and say ‘How in the hell can you guys do this?’”
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Pat Hermann, a retired Illinois teacher and pension advocate, presents this fully documented post of who, what, where, why and how it was done.
Yesterday we saw evidence the fat cats at The Club intervened in having the ratings agencies push down the bond ratings to put political pressure on Illinoisans to take away