Q – What kind of powerful person would decree that billions of earned dollars will be handed over to the financial industry and be free of oversight and declared exempt from ethics rules and regulations?
A – Rahm Emanuel, Democratic Mayor of Chicago. However, “what kind of person” still needs to be answered by the reader.
Why would he do this?
Mayor Emanuel’s own Ethics Commission openly revealed that the decision was designed “to attempt to ensure that no ethical clouds are hanging over any candidate’s head.” (Any candidate means Rahm.)
My initial response is to remind everyone that I am not a cloud over Rahm’s political head. My income and the incomes of thousands of retirees are needed to pay for food, clothing and other necessities. We, as hard-working human beings, earned it and saved it over decades.
“Brushing off the lawmakers’ complaint about Emanuel’s donations from the financial industry, the mayor’s ethics commission issued a nonbinding legal opinion this week arguing that Chicago’s pension systems are ‘not agencies or departments of the city, and thus firms that contract with them are not doing or seeking to do business with the city.’ The commission said its interpretation means financial firms’ business with Chicago pension funds should be considered exempt from city ethics laws.”
The full story is even sleazier than these excerpts reveal. So, when the reader answers “what kind of person would decree” this insane degree of thuggery, please keep “sleazier” in mind as you decide.
Read David Sirota’s full article in International Business Times.