Oct 3rd, 2022
How the Muni Market's ‘Black Tax’ Costs Cities Millions
A new report suggests that in order to pay for new schools and other major projects, places such as Memphis pay higher interest rates simply because they're majority Black. On this “Bloomberg Equality” segment, Matthew Wynter, finance professor at Stony Brook University, and Bloomberg’s Nic Querolo discuss racial bias in the $4 trillion US municipal bond market. They speak on “Bloomberg Markets: The Close.”
