Phoenix LXVII; Route66 - Aftermath
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12-19-2012, 05:52 AM
Money making machine
Join Date: Jul 2010
That is of course the point of QE. Of course, the Fed was pursuing an accommodative monetary policy during Glendale's two failed GO issues.
One could also say that during normal times you wouldn't see a small suburban city rack up several hundred million dollars of debt on sports infrastructure, but I digress.
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