CHICAGO - A yet to be released book about Mayor Rahm Emanuel is drawing attention, the Chicago Reader writes, and the author goes into detail about a deal involving the "Mayor 1%," Bill Daley and GOP gubernatorial candidate Bruce Ruaner that raked in $18 million for Emanuel:
In perhaps the most informative chapter of Mayor 1%, Cashing In, Lydersen writes about the years from 1998 to 2002, after Emanuel left the Clinton White House and before he was elected congressman from a north-side district.
That's when he utilized his "golden Rolodex" to rake in more than $18 million as an investment banker. Among the deals he helped put together was "the purchase of the home alarm company SecurityLink from SBC Communications, then run by his longtime friend and former White House colleague Bill Daley."
That deal also involved investment banker Bruce Rauner, a Republican now running in the primary for governor.
Political pundits are asking if Mayor 1%'s chapter on the deal explains why Daley dropped out of the race last week, and more importantly if the closeness of the trio is why Illinois will not be seeing a Daley vs. Rauner gubernatorial race in 2014. The rest is HERE.