Mayor Rahm Emanuel: GE Capital to bring 1,000 jobs to Chicago

The Chicago Sun-Times reports:

With no promise of a city subsidy, GE Capital, the financial services arm of General Electric, on Monday announced plans to “double-down on Chicago” — by expanding operations here and creating 1,000 jobs over the next three years.

The expansion comes 2 1/2 months after Mayor Rahm Emanuel had a one-on-one meeting with GE CEO Jeff Immelt, whom Emanuel has known personally since his days in Congress and as White House chief of staff.

Being bailed out by the FDIC has obligations!