COOK COUNTY Gets OK to borrow funds: What's behind door No. 1 for Stroger? Extra $740 million

The Chicago Sun-Times reports:

It took some backroom negotiations for Cook County President Todd Stroger to score enough votes to give his cousin, chief financial officer Donna Dunnings, blanket authority to refinance about $3 billion in existing debt and borrow an additional $740 million.

A coalition of self-described reformers led by Commissioner Forrest Claypool nearly derailed the proposal at Wednesday's County Board meeting, calling it bad fiscal management to allow the Stroger administration to borrow that much money without board approval on specifics.

Do you want to own municipal bonds from a political operation where someone's first cousin is the chief financial officer?