I saw a piece the other day that I bookmarked – cause well you never know.
Couldn’t figure out if it was a snark or real - cause the one agenda I have seen for the meeting doesn’t mention a gala. Netiher does ALEC’s webpage.
But hell – why not keep the link.
Glad I did - cause it opened my eyes to a new danger that no one has probably heard about - and they should.
The real action will arrive on that Thursday with the appearance of the well-heeled powerbrokers from the Civic Committee of theCommercial Club of Chicago. And we can expect to behold a goodly number of the plutocrats who hold membership in more than just the city’s esteemed coalition of industrial/financial elite. In fact, over half of the roster of the Civic Committee of the Commercial Club is connected in membership, support, or past affiliation with the American Legislative Exchange Council (ALEC).
One SCARY GROUP OF FOLKS
Civic Committee members with Ties to ALEC, after a cursory investigation:
A.T. KEARNEY, INC.
BANK of AMERICA,
BOOZ & COMPANY
BOSTON CONSULTING GROUP,
DISCOVER FINANCIAL SERVICES,
ERNST & YOUNG LLP,
EXELON Corp ,
FINANCIAL INVESTMENTS CORPORATION
FIRST CHICAGO NBD CORP
GOLDMAN SACHS & CO.
GROSVENOR CAPITAL MANAGEMENT,
ILLINOIS TOOL WORKS,
INTEGRYS ENERGY GROUPACCENTURE
JEWEL COMPANIES (OSCO) ,
JONES LANG LASALLE ,
JP MORGAN CHASE
KIRKLAND & ELLIS LLP,
MADISON DEARBORN PARTNERS,
MAYER BROWN LLP
MCKINSEY & Co
PRICEWATERHOUSE COOPERS, LLP,
SIDLEY AUSTIN LLP,
TRIBUNE PUBLISHING COMPANY,
UBS INVESTMENT BANK,
W W GRAINGER,
WINSTON & STRAWN LLP,
ZURICH NORTH AMERICA,
One SCARY GROUP OF FOLKS
Especially when you consider this from 8 months ago
llinois’ public-employee pensions system is so far in debt that it is “unfixable,” an influential business group said Wednesday.The Civic Committee of the Commercial Club of Chicago told its members in a memo that even current retirees’ benefits must be cut and other drastic action taken to prevent pension-program bankruptcy, the memo said.
And this published on Alternet this past week:
These days, many Americans walk around feeling like no matter how hard they work, how much they manage to save or how carefully they plan for the future, the game is rigged against them. They suspect that behind closed doors, CEOs and Wall Street honchos are eagerly scheming to rip them off.Their worst fears of corruption and collusion just came true in Illinois, where corporate titans were caught red-handed in the act of Rigging the Game.Let’s step inside a recent gathering of the corporate-backed Union League Club of Chicago, where former Illinois Attorney General Ty Fahner, who now leads a band of plutocrats known as the “Civic Committee of the Commercial Club of Chicago,” recently launched into an hour-long diatribe on the evils of state pensionsDuring Fahner’s talk to the Union League Club, an unidentified person in the audience suggested that pressuring credit agencies to rig the state bond ratings in order to attack pensions might be a jolly good idea. Fahner gleefully replied that he had already thought about that — and his group has tried it.
an unidentified person in the audience suggested that pressuring credit agencies to rig the state bond ratings
Fahner gleefully replied that he had already thought about that — and his group has tried it.
You gotta read the whole thing: