Clint Krislov has heard the arguments—from advocates of privatization and from defenders of Chicago’s parking meter lease deal—and he thinks they’re nonsense.

Or worse. “I think this is just the latest way for people to make money off state and local governments,” Krislov, a public interest attorney, said in an interview in his office the other day. “This is the new way the investment banks, their lawyers, and consultants squeeze the taxpayers.”