No Risk Investing
More stupidity from downstate. Jones and Blago specifically:
- Nearly two dozen female and minority investors in the failed Emerald Casino could get bailed out of their multimillion-dollar, bad investment under a massive gambling expansion backed by Gov. Blagojevich and Senate President Emil Jones.
- Tucked within the 218-page gambling bill is a controversial provision that could allow the clout-heavy group to recoup $32.8 million lost on the Emerald deal and have an ownership stake in one of four new casinos proposed for Chicago and the suburbs.
- "When you invest, whether in a casino or stocks, you are taking a risk. . . . When you invest and lose, the state shouldn't be bailing you out," said Cindi Canary, director of the Illinois Campaign for Political Reform.
- Emerald investors include Sandra Degnan, wife of former mayoral aide Tim Degnan; Chaz Ebert, wife of Chicago Sun-Times film critic Roger Ebert; Connie Payton, widow of Chicago Bear Walter Payton, and former Chicago Bear Shaun Gayle.
Wouldn't it be great if the state would reimburse us for all the non winning lottery tickets we've collected over the years? Or the losses our Deferred Comp took throughout the late 90's and early 00's? Or even the swampland we own across Florida that hasn't really appreciated in value over the past decade?
These connected folks thought they had a fail safe way to increase their millions. The trouble is they ended up hooked in with various Organized Crime figures. Too bad for them - they gambled and lost. Why are Illinois taxpayers on the hook for their bad research and poor business acumen?
These connected folks thought they had a fail safe way to increase their millions. The trouble is they ended up hooked in with various Organized Crime figures. Too bad for them - they gambled and lost. Why are Illinois taxpayers on the hook for their bad research and poor business acumen?
Labels: dumb ideas, state politics
posted by SCC at 12:01 AM
9 Comments:
I recently saw a survey that ranked Illinois as the 3rd most corrupt State in the Union.
The only States worse than Illinois were Mississippi and Louisiana.
No wonder ethics legislation is bottled up in the General Assembly and Inspector Generals in State government are unable to release their findings?
this is because they are all clout! look for names like degnan-joyce-daley-rezko-mell etc.. the top of the criminal combine down!
Every name on the list is a Democrat, isn't thatt interesting?
DEGNAN CONNECTION AGAIN! HIS WIFE HAD A NICE PIECE OF THE ACTION! HEY IS DEGNANS KID STILL WORKING IN STREETS AND SAN BUT RUNNING HIS TICKET BROKER COMPANY WHILE THE CITY PAYS HIS HUGE SALARY? DEGNAN DALEY JOYCE STROGER ARE LIKE A CANCER THAT CANNOT BE CURED JUST INFECTING ANYTHING AROUND THEM WAIT FOR THE CURE PATRICK FITZGERALD PLEASE GET ALL OF THEM SOON HAVE A BIG "ROUND-UP" CPD WOULD BE HAPPY TO HELP!
Like there isn't enough garbage on the lake, now they want to add a casino.Time to get these people out of office.
Hey they got these E-mails that say if you send by wire some cash you can get millions from Africa. Any fool takers out there??
again and again it happens the clout steal and lie and get away with it! as always nothing new!~
All democrats what else do they have to do but steal?
Deferred Comp made a ton of money in the late 90's. Where were you?
I wish I could have those years over...
That was the years of the internet bubble. Don't tell me SCC that you had your money in the fixed account back then.
Thanks for a good laugh. I see that SCC is internet savvy but not savvy concerning investments.
<< Home