Financial Experts and Social Service Providers Challenge State, Municipal, and Chicago Public Schools Payments to Wall Street Banks

Chicago, IL –(ENEWSPF)--April 27, 2016.  On Wednesday, a set of financial experts and social service providers gave testimony before the Illinois House Revenue and Finance Committee detailing how Wall Street banks have soaked all levels of government in Illinois for hundreds of millions of dollars through interest rate swaps and other complex financial deals.

“In essence the banks lured the state of Illinois into a suckers bet - heads I win, tails you lose,” stated Saqib Bhatti, Director of the ReFund America Project. “During the budget stalemate this year, while the Governor has . . .

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