The smoking gun. In this video, the Civic Committee’s Ty Fahner admits he colluded with the bond rating agencies to destroy Illinois pensions.
Thanks to Tim Furman for providing this video segment.
There is nothing the fat cats in Illinois won’t do to destroy public employee pensions.
The Civic Committee’s Ty Fahner demonstrated this when he spoke to a gathering of the Chicago Union League Club last month.
Fahner openly admits that he colluded with the bond rating agencies, getting them to lower their rating of Illinois bonds for the purpose of creating political support for gutting public employee pensions.
By lowering bond ratings the state might have had a more difficult time borrowing money. And it costs the state and the taxpayers more.
Fahner doesn’t care. He is on a mission to destroy public employee pensions.
But, is Fahner admitting to illegal activity in this video?
He was engaging in illegal activity if he made money on transactions based on his conversations with the bond rating agencies. That’s called insider trading.
To find that out would require Attorney General Lisa Madigan to open an investigation.
Or our get-to-it-tomorrow press to do some real investigative journalism.
What are the odds either of those two things happening?