The City of Chicago to Hand Millionare Traders Cash

Crain's Chicago Business reports on welfare for the well to do:

City officials are offering the newly joined Chicago Mercantile Exchange and Chicago Board of Trade a potentially handsome wedding gift from taxpayers: millions of dollars in government subsidies, even as the exchange prepares to lay off more than 400 local workers.

In a July 6 letter sent to the heads of the exchanges days before shareholders approved the Merc's $12-billion acquisition, Lori T. Healey, Mayor Richard M. Daley's chief of staff, dangled what insiders say is as much as $40 million in potential aid to help the world's biggest futures market get off to a fast start. Illinois' economic development director, Jack Lavin, in a separate July 6 letter, also offered assistance.

Looting the taxpayers so some politically connected millionaire traders can have even more money.You can't say it's to save jobs.What better proof than this that the government is not more than a criminal gang?