Category Archives: Illinois Metropolitan Investment Fund

Harvard Savings Bank Takes $18 Million Hit

Posted on by April 28, 2015
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Apparently, it is not just local municipalities that have lost money by investing in the Illinois Metropolitan Investment Fund. The Chicago Tribune reported yesterday that the Harvard Savings Bank “lost $18 million on the soured repurchase agreement. The article says … Continue reading →

Algonquin, Cary, Crystal Lake, Huntley, Lake in the Hills, Woodstock and McHenry FPD Lose $2.4 Million

Posted on by April 13, 2015
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Saturday, I extracted the loses of McHenry County tax districts from the front page article in Sunday’s Chicago Tribune. As I was reminded by Pete Gonigam of The First Electric Newspaper, I missed Algonquin. His article from December 10, 2014, … Continue reading →