Includes "... Union officials have said they believe Bank of America misled CPS about the risks of controversial debt swap deals. They want CPS to try to recoup the money it lost in those deals. "Over the life of these deals, the swaps thus far have cost $502 million at CPS. That's almost exactly the same as the size of the CPS budget deficit. That's an abomination," said Saqib Bhatti, director of the ReFund America Project, which co-authored a report detailing how much controversial swap deals have cost Illinois taxpayers..."
Read the full article on: CBS Chicago