As a public service to my faithful readers, I’ve plowed through the 492 pages of legalese in Mayor Emanuel’s latest school bond deal to see what in it for us.
Let’s get to the nitty gritty on this sucker.
By doing this, Emanuel was essentially asking to do what ordinary consumers do when they pay off one credit card with another credit card.
So there’s no need to sock it to us with high interest rates, everybody!
Whether he intended to or not—and only Rauner knows the answer to that—he gave the lenders some ammunition to play hardball with the mayor.
That means they’re not lending us the full amount of the loan.
