By Ben Joravsky, includes “I would have been perfectly content to get through life without ever reading a credit-rating report. But then Moody's had to cause a ruckus with its recent downgrade of Chicago's credit rating, and I felt compelled to see what it was all about. … Still, there's no good reason for Moody's gloom and doom about Chicago financial future. Unless this whole credit rating racket is another weapon in the fight against unions or an opportunity to make even more money for Wall Street—or both. In any event, get out your wallets, Chicago. It's time to start settling the bill…”
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