The Great Sell-Off: When Governments Struggle to Pay the Bills

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Chicago, Illinois

Demonstrating how city sell-offs can go wrong, Chicago agreed to a 75-year lease deal on its parking meters for $1.2 billion in an international deal with Morgan Stanley in 2008. The sale meant that the city longer profited from its expansive meter system, and locals in some neighborhoods were stuck paying inflated rates while investors cashed in on projected profits of more than $11 billion. (Photo: Scott Olson/Getty Images)

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