Illinois blues.

Newsalert: Chicago to Borrow $1. 1 Billion Dollars: William Daley Jr. to Make 2.64 from Underwriting Fee

Chicago being part of Illinois (I think that’s how it works), we might consider what a jungle it is in here — as if we didn’t know — in view of this item:

There’s more [to the story of the city’s borrowing another billion-plus to stay afloat]:

The senior managing underwriter on the $1.1 billion borrowing with an estimated $2.64 million in fees is Morgan Stanley. The company’s affidavit was signed by William Daley Jr., . . . .