I asked you why, if the Federal Reserve is willing to backstop or support big banks and corporations during periods of credit market distress, we wouldn't want to make equally sure that State and local governments had access to credit, as well.
Rashida Tlaib: “I asked you why, if the Federal Reserve is willing to backstop or support big banks and corporations during periods of…”
Editor's note · Context
Tlaib questions the Fed's support for local governments compared to large banks during crises.
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