
“The city is attempting to issue the $900 million in bonds to lower some of its borrowing costs and to double its short-term credit line to $1 billion. But fully $100 million of that debt burden is going to pay off lawsuits, much of it to plaintiffs who won judgments against the city in police brutality cases. Several years ago, the CPD was rocked by a high profile case that eventually found Police Commander Jon Burge and his ‘Midnight Crew’ of officers guilty of torture aimed at forcing suspects to confess to various crimes, whether they were guilty or not.”
Related posts:
Kyle Bass: If China Doesn't Change, 'Full-Scale Recession' Sometime Next Year
Most Victims of Military Sex Assault: Men
ObamaCare Deadline Kicked Back for the First Time, But Not Tax Deadline
Texas Generally Exempts Bitcoin From Money Transmission Laws
Fantasy Land Financial Analysis for Investors
State Department self-censors criticism of Eritrean diaspora tax in Human Rights Report
Feds reveal the search warrant used to seize Mt. Gox account
Dubious 'bankster' behind Russia’s bid to trademark Bitcoin
The MIT-Central Bank Connection
Hedge Fund Borrows $10M in Stock Via the Bitcoin Blockchain
How does $40M of Gold and Silver Disappear: The Tulving Collapse
The Long Tail, Revisited
Gazprom Begins Accepting Payment For Oil In Ruble, Yuan
Seattle Mayor Orders Police to Dismantle Its Drone Program After Protests
Elderly couple pulled over, questioned after their Buckeye car decal is mistaken for a marijuana lea...