Chicago’s privatization deal was supposed to make money, but it may effectively cost the city $974 million. Inspector general David Hoffman discusses the mistake saying Mayor Richard Daley was irresponsible in pushing the deal without meaningful public review and with a tiny two-day period for aldermen to evaluate the deal.

Related: Full report (pdf)
Related: City’s response to inspector general’s report

Music Button: Cheebacabra, “The Annunciation”, from the CD Exile in the Woods, (Macrosoft music)