Posts tagged "CME"

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... Read more »

It's bad enough that pensions are draining Illinois dry; now Sears and others also want to

If Ohio wants to shower Sears Holding Corp. with $400 million to lure the retailer away from Hoffman Estates, I say, “Fine, do it.” And let Ohio Gov. John Kasich (R) explain to his taxpayers why his state’s bribe is four times greater than the $100 million that Illinois reportedly had offered. But if I... Read more »

Cost of Illinois tax breaks grows as support for them wanes.

That’s according to the Illinois Statehouse News which reports: A tax break package meant to boost a business community hit by the Great Recession could cost the state $848 million in just three years. The only funding source specifically outlined to date for the package is a change to the Illinois tax code that would bring in $571... Read more »
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CME, Rahm Emanuel and new bailouts?

This is from Newsalert. Very interesting. The new Dodd-Frank bill has an usual provision in it. Never before could a U.S. financial exchange get a bailout from the Fed. But, now thanks to Dodd-Frank : America’s largest futures exchange can get a direct line of credit from the Fed. Former CME board member Rahm Emanuel was... Read more »

The Chicago Godfather of the Tea Party explains the facts of life to CNBC dolts

CNBC/CME Group floor reporter Rick Santelli is credited with igniting the Tea Party movement a few years back when during a report on the floor of the Chicago Board of Trade he ripped the bailouts. He was reprimanded for expressing his opinion (“he’s only a reporter”) while the wiseguys back on the anchor desk were... Read more »
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    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.

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