On February 3, news emerged that the city of Chicago, now run by
former Obama right-hand man Rahm Emanuel, is issuing $900 million in
bonds, $100 million of which is going directly to pay off plaintiffs of
lawsuits against the city.
The city is attempting to issue the $900 million in bonds to lower
some of its borrowing costs and to double its short-term credit line to
$1 billion. But fully $100 million of that debt burden is going to pay
off lawsuits, much of it to plaintiffs who won judgments against the
city in police brutality cases.
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