THE WATCHDOGS: CPS' Chicago Public Schools pain is these firms' gain

Struggling to make payments for pensions and pay down billions of dollars in debt, the Chicago Public Schools last week announced 1,050 layoffs and $200 million in spending cuts to keep the school system afloat.

But while taxpayers and students may suffer, a select group of business people have profited from the Chicago Board of Education’s decisions to keep borrowing  to pay its bills.

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