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Gov. Rauner’s Announced Agreement on Swap Payouts to Wall Street Banks Lack Details

Coalition of educators and human service providers skeptical, demand disclosure of agreement terms
SPRINGFIELD, IL –(ENEWSPF)--October 4, 2016.   This morning, Gov. Rauner reacted to Illinois educators and human service providers who had gathered for a press conference to call on the governor to prevent a near $1 billion payout connected to toxic interest rate swap deals with big banks.

A last minute press release by the governor’s office said the state had reached new agreements on the swap deals that would “reduce the state’s financial risk.”  However, the release raises many questions.  It claims that “the new . . .

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