Thursday, March 19, 2009

Understanding the MTA Train Wreck

Newsday reporter Dan Janison offers an insightful analysis into how nine years ago the late investment banking firm of Bear Stearns and the administration of Gov. George Pataki sent New York's Metropolitan Transportation Agency down a track that would put the agency in its current financial pickle.
"Lee Sander, the MTA's executive director, said: "In 2000, Albany put our entire capital program on a credit card."

No comments:

Post a Comment