“Now is the time for Chicago’s business leaders to come to the aid of their city. Delays in fixing the municipal balance sheet will only exacerbate the problem and cause the solution to be more expensive to all stakeholders in the future.”
Comment: Bingo! We’ve we’ve been saying this for years here. Anybody with insolvency experience would say the same thing. One point where the author is wrong: It’s already too late. The wheels are off and the collapse is already in motion and unstoppable. The goal now is rapid implementation of a disaster recovery plan.