The United States Securities & Exchange Commission determined that the State of Illinois violated Federal Securities Laws by misstating the true financial health of the State’s depleted pension funds when it raised over $2.2 billion with multiple bond offerings from 2005 through early 2009. The SEC blamed the State’s historical failure to fund its pension…
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Trendspotting: Recession’s toll on Chicago charities
by a Wall Street Examiner • • 0 Comments
Sheesh!
Chicago’s major charities exist in crisis, just at a time when the need for their services is higher than ever. A gloomy fund-raising picture is making it hard for charities to honor their core mission of helping those most in need.
Do…
