Bank of America finished its digestion of LaSalle Bank this week. The Dutch company (ABN AMRO) that bought out LaSalle Bank in the early 90's -- and thereafter swallowed up other Chicago institutions like Talman-Home Savings and Bell Federal Savings -- sold LaSalle to Bank of America. That's the Charlotte, North Carolina-based Bank of America, y'all.
Bank of America says it wants to be involved in Chicago, and, for starters, it has assumed sponsorship of the Chicago Marathon. So that's encouraging.
But do not ask for whom the Bell tolls (at the Weather Bell corner, Monroe and Clark)... it tolls for thee, local ownership.
Looking at the Bring Chicago Home "mansion tax" proposal
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The first rule of taxes is, once they are invented, they never go away.
The proposed increase to transfer taxes by the pols behind the "Bring
Chicago Home"...
1 month ago
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