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Reply To: AIG’s woes put public transit in trouble with banks

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#787951
Anonymous
Inactive

There are many small and medium towns and Europe who got screwed with the sell lease back deals as well. They shouldn’t whine though. That is just the community equivalent of taking out a mortgage and now they’ve been caught with their hands in the cookie jar. Worse still they sold their cash flow producing assets to get an immediate profit which imho is a pretty reckless move for a state run institution.