Washington Post: The Fed could undo decades of damage to cities. Here's how.

From Destin Jenkins (The University of Chicago):

As outlined, the [Municipal Liquidity Facility initiative] creates a two-track system that provides direct federal relief to eligible large municipalities but leaves smaller municipalities subject to the terms of the private market. But, if done correctly, this plan could impact almost every single American and eradicate a lending market that has long undermined economic opportunity for African Americans in particular.

Read his piece here.