Posts tagged "finance"

Illinois bonds worse than corporate junk

Illinois credit ratings are the equal of corporate junk bonds, yet Illinois had to pay significantly higher interest rates to lure investors to buy the crap. According to the Wall Street Journal: Illinois officials were forced to promise a yield that is about two percentage points higher than was paid by companies with similar credit... Read more »

Banking's next gift: End of 30-year mortgages?

It’s complicated, but there are reasons that banks would want to end granting 30-year mortgages, a popular option for many home-buying Americans. You’ll have to read through this entire article to get the picture.

Illinois is in a "death spiral"

That’s according to this blogger in his post, “My Condolences to governors to-be.” He lumps Illinois in with California and New York–states that did not Daley: He knows when to get out. Quinn: He doesn’t participate in the Republican wave. “But in short order, the Democrats who won may not feel like winners,” he said.... Read more »
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Democrats put Illinois in shambles

Still undecided about who gets your vote Nov. 2? Then consider: Who has turned Illinois into perhaps the most financially crippled state in the Union? The Democrats who run it. Who’s the ex-governor who, among other things, is charged with trying to shake down a children’s hospital? Rod Blagojevich, a Democrat. Who’s the politician who rules the House with... 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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