Should Congress destroy the municipal bond market? – The Hill

A little know provision of the Heroes Act passed by House Democrats would allow states and cities to borrow from the Federal Reserve Bank at extremely low rates for ten years, essentially replacing the municipal bond market.
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The Truth Hurts
3 years ago

Bailouts are coming no doubt about it. Whether they are long term discounted loans that are forgiven at a later date or straight up cash. Call it what you want but they are on their way.

NB-Chicago
3 years ago

WOW!!–If enacted, why even bother with state sovereignty. Its all out debt-don’t matter MMT socialism, the feds will solve everything….and at that point its just a matter of–WHERES MY MULTI-MILLION $ RETIREMENT DEAL MR MADIGAN???

Tom H
3 years ago

What could go wrong!? Good grief.

Governor of Alderaan
3 years ago

The Democrats say yes! The Democrats want total government control over all human activity. No private markets, no uncontrolled transactions of any type, no private property, no independence from the government

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