In late 2005 and early 2006, negotiations were pending between Morgan Stanley and William Daley, Jr. In effect Morgan Stanley had acquired the necessary political clout in its hiring of New York City-based public finance banker William Daley, Jr.
William Daley, Jr. is the son of Mayor’s youngest brother William Daley who happens to be the Midwest chairman of JP Morgan Chase & Co. I realize that this family connection has absolutely nothing to do with why Mayor Daley is so obviously cozy with Morgan Stanley. There is absolutely no proof whatsoever of any direct correlation between selling the Millennium Park Parking Garage – America’s largest underground parking system and the leasing of the streets of Chicago to the same financial services firm. I’ve been informed that any appearance of impropriety and any potential conflict of interest are all entirely coincidental.
The only question I have is for William Daley, Jr. William, I was wondering if “public finance” was your first or second choice as a major, in MBA School?
ABOUT THE AUTHOR:
Sheldon Zeiger is an attorney and certified financial planner practicing in Chicago.
Zeiger worked as an attorney within Chicago’s parking enforcement program since its inception in September, 1990. For 15 years he worked as a hearing officer with the Department of Revenue, Parking Enforcement Division and as an Administrative Law Officer with the Department of Administrative Hearings.
During his tenure with the city he adjudicated over 100,000 parking tickets in person and by mail.
He is also the author: Stick it to Your Ticket The Unofficial Guide to Beating Your Parking Ticket in Chicago
This Article First Appeared in The Black Truth News Volume 2 Issue 3 March 2011