Tuesday, December 15, 2020

NY transit borrowing from the Fed


Probably related to the current political squabble over ending the Fed lending programs... NY transit has been a big borrower... Dems probably want the CB lending programs expanded not ended...

Typical of legislative people to look towards the CB for solutions....





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1 comment:

Mike Norman said...

Full Greece.

Service cuts. Layoffs. Fare increases. Halt all capital investment. Totally regressive. System will probably be sold off to Blackrock or something.

This is the formula. Disgusting.

December 16, 2020 at 6:19 AM

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