Didn't NYC have a crisis in 1975 where the banks didn't want to buy their bonds ... | Hacker News

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		2OEH8eoCRo0 7 months ago \| parent \| context \| favorite \| on: US national debt reaches a record $37T, the Treasu... Didn't NYC have a crisis in 1975 where the banks didn't want to buy their bonds anymore?

stephen_g 7 months ago [–]

NYC isn't a currency issuer. They don't control a central bank.

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