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Illinois’ Kamikaze Bondholders Cheer Massive New $6 Billion Bond Deal: “It Has Turnaround Potential”

Just two days ago we wrote about how, despite a budget deal signed back in July that called for a massive tax hike, Illinois’ unpaid payables balance had ballooned to a new all-time record high of $16,046,145,423.20 according the comptroller’s office (see: Illinois Unpaid Vendor Backlog Hits A New Record At Over $16 Billion).  …which […]