TITLE

Another Bailout

PUB. DATE
June 1978
SOURCE
National Review;6/9/1978, Vol. 30 Issue 23, p698
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article reports on the United States government's decision to continue its plan to guarantee $2.5 billion in bailout loans for New York City. It suggests that a loan guarantee just shifts risks from lenders to taxpayers. As the London "Economist" has suggested, if aid to New York City must be provided, it should be as tough as the International Monetary Fund loan to Great Britain.
ACCESSION #
6055611

 

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