A great series finished last month on the Chicago Public Schools district’s engagement in complex bond deals, the lack of public oversight, and the high costs of many of those deals. I’ve been researching interest rate swaps for over a year, and I’m impressed with the thoroughness of the reporting here. THIS is why we need robust and well-staffed public newspapers.
Read: Watchdog: Borrowing Trouble – Chicago Tribune. (I’m not sure how much is behind a paywall)