"Illinois is as broke as Chicago. If this were a business, Rahm would be borrowing against his "accounts receivable" – also known as "factoring." That is a common practice among financially troubled businesses to keep the doors open. Rahm is trying to find a factor that will lend almost $400 mil against the promise of a broke state to come up with the cash."
Sunday, May 21, 2017
Blog: Rahm's latest plan to stave off Chicago financial collapse under fire – from Dems
Blog: Rahm's latest plan to stave off Chicago financial collapse under fire – from Dems:
"Illinois is as broke as Chicago. If this were a business, Rahm would be borrowing against his "accounts receivable" – also known as "factoring." That is a common practice among financially troubled businesses to keep the doors open. Rahm is trying to find a factor that will lend almost $400 mil against the promise of a broke state to come up with the cash."
"Illinois is as broke as Chicago. If this were a business, Rahm would be borrowing against his "accounts receivable" – also known as "factoring." That is a common practice among financially troubled businesses to keep the doors open. Rahm is trying to find a factor that will lend almost $400 mil against the promise of a broke state to come up with the cash."
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