CME's political contributions to Illinois' power brokers pay off

Steve Bogira  at the Reader details how the some--shall we say?--farsighted campaign contributions by CME to House Speaker Michael Madigan, Chicago Mayor Rahm Emanuel, Gov. Pat Quinn and Ald. Ed Burke might help explain why the financial giant successfully--dare I say--extorted a bribe from Illinois not to move out of state.

Explains Bogira:

Just since 2010, CME's grocery bill for these four has set it back $420,000: the exchange group has given $200,000 to Emanuel, $100,000 to Madigan, $90,000 to Quinn, and $30,000 to Burke.

CME has also contributed $25,000 since 2006 to Madigan's daughter, Lisa—the attorney general. That's a drop in the bucket for the younger Madigan, who has raised millions since she first ran for state senate in 1997—but it's a nice gesture to the speaker. It was also a nice gesture when CME gave Anne Burke—Ed Burke's wife—$2,500 in 2007 for her successful campaign for the Illinois supreme court.

This gives an entirely new meaning to the argument that "we" can't afford to let CME move out of state. Bogia's piece is must reading for anyone fed up with these politicians brazenly treating Illinois citizens like scum.

Hat tip to NewsAlert.

Leave a comment

  • ChicagoNow is full of win

    Welcome to ChicagoNow.

    Meet our bloggers,
    post comments, or
    pitch your blog idea.

  • Advertisement:
  • Visit my new website

    I'm a freelance writer, editor and author. I can help you with a wide variety of projects. Check out my new website at www.dennisbyrne.net

  • Meet The Blogger

    Dennis Byrne

    Chicago Tribune contributing op-ed columnist and author of forthcoming historical novel, "Madness: The War of 1812." Reporter, editor and columnist for Chicago Sun-Times and Chicago Daily News. Freelance writer and editor.

  • Subscribe to The Barbershop

    Enter your email address:

    Delivered by FeedBurner

  • Dennis Byrne’s Facebook Fan Page

  • Categories

  • Like me on Facebook

  • Our National Debt

  • Twitter

  • Tags

  • Recent Comments

    • fb_avatar
      Backgammon is one of the best board game people loves to play this game online on your pc this is…
      Read the story | Reply to this comment
    • fb_avatar
      Freecell is one of the most loving card game people all over the worlds loves to play this amazing game…
      Read the story | Reply to this comment
    • fb_avatar
      If you are addicted to play free online games then here on our website you will play free online games…
      Read the story | Reply to this comment
    • fb_avatar
      If you are addicted to play free online games then here on just single click on our website you will…
      Read the story | Reply to this comment
    • fb_avatar
      Hey buddies if you loves to play online free game then here on just single click on our website dark…
      Read the story | Reply to this comment
  • /Users/dennisby/Desktop/trailer.mp4
  • Recent posts

  • Latest on ChicagoNow

  • Advertisement: