Fed Expands Scope Of Municipal Bailout Facility After Criticism It Excluded Many Majority-Black Cities

Source: https://www.zerohedge.com/geopolitical/fed-expands-scope-municipal-bailout-facility-after-criticism-it-excluded-many-majority
Published: Apr 27, 2020
Author: Tyler Durden
Post Date: 2020-04-27 21:14:28 by Horse
Views: 123

After encountering criticism that many large, majority-black U.S. cities wouldn’t qualify for the program, the central bank lowered the population thresholds under which counties and cities would be eligible to sell short-term debt to the Fed.


Poster Comment:

0.0% of of debt from majority black cities will ever be repaid to the FED. We are talking about really Big Helicopters to drop that much money.

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