In Chicago, In Foreclosure
Mayor Daley is really outdoing himself when he is asked about the foreclosure rate in Chicago. In the big city of New York, 1 in 305 homes are in foreclosure. Chicago has 1 in 88. Mayor Daley, that is a massive failure for you and your administration of political hacks. Mayor Daley blamed everyone but himself. He said the Feds need to address the issue and the mortgage companies are at fault. Most people that are in foreclosure, took out to large of a loan, lost a job, had a spouse lose a job. Many time it is from gambling, drugs, and booze. Many times it is from a divorce, and we know divorce is directly linked to finances. Daley and his cronies are trying to pass more taxes on bottled water, why in the hell would Daley and his administration be drinking bottled water in public, this is an insult. (We covered that topic here over a year ago) Daley is as guilty of screwing up finances as anyone, but remember, most homeowners cannot sell a bridge or a parking lot to bail out of mismanagement. Most homeowners do not have a private police force to go out and increase revenue by ticketing drivers (customers) for revenue shortfalls. I hope Chicago takes a closer look to the high amount of foreclosures, Daley is anti-labor, pro-big business. I hope when you think about taking out a second mortgage to pay Chicago's high taxes, you think twice about your Mare Daley and his wild spending that YOU are paying for. Patrick McDonough.