How bad are the state-controlled Metropolitan Transportation Authority’s finances? Last week, the MTA was forced to borrow money from the Federal Reserve, the country’s central bank and the lender of last resort to financial firms — not transit authorities. As the months tick by without congressional aid, the MTA’s options dwindle, imperiling Gotham’s recovery. Even…
Source: NY Post click here for more…
The MTA is headed for a total financial derailment
Published in New York City
More from New York CityMore posts in New York City »
Be First to Comment