BAILOUT DREAMS: Getting Worse for New York MTA Bondholders
Posted on 03/31/2020
As a public benefit corporation, New York’s Metropolitan Transportation Authority (MTA) is one of the biggest borrowers in the U.S. municipal bond market. The MTA has some US$ 45 billion of bonds outstanding, out of an estimated US$ 3.7 trillion municipal debt market. MTA runs the largest public transportation system in the United States and […]
