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The Met's operating deficits are so immense that its assets must be pledged to fund them.
At the meeting, money is expected to be pledged to rebuild the island, which is just south of India.
Greece's existing creditors, from the IMF to other European governments and private banks, would effectively be subordinated, since scarce revenue would be pledged to pay off new creditors.
With Tuesday's changes, $1 trillion in securities that previously did not previously qualify as collateral will be eligible to be pledged to the central bank.
That allows the funds to be pledged to repay bonds and thus allow Metro to borrow more easily on financial markets.
The Fed's action allows them to expand the type of collateral that can be pledged to include student loans, car loans, home equity loans and credit card debt, as long as it is highly rated.
Similar(41)
We should be pledging to stand tall and create a supportive and equal environment for women.
Isis is pledged to physically eliminate Shia.
Both are pledged to continue her work.
He is pledged to do more of both.
Where is the help that was pledged to Haiti?
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