BIG MAC
BIG MAC
You're showing your age with that answer. I remember my high school girlfriend's dad picking up some munis back in those days with the effective tax free interest rate of 10% because everyone was bailing on NYC.
I don't think BIG MAC could even put a dent in this problem. Default is the only way out of this and New York City is the tip of the iceberg. Probably every major democrat run city in America has this problem.