Comments on: Video: Financial Meltdown Adds to Fiscal Woes for Some Public Transit Agencies [part two] http://www.pbs.org/wnet/blueprintamerica/reports/transit-in-trouble/video-financial-meltdown-adds-to-fiscal-woes-for-some-public-transit-agencies-part-two/487/ Blueprint America | PBS Sun, 22 Nov 2009 16:53:28 -0500 http://wordpress.org/?v=2.8.4 hourly 1 By: ngan http://www.pbs.org/wnet/blueprintamerica/reports/transit-in-trouble/video-financial-meltdown-adds-to-fiscal-woes-for-some-public-transit-agencies-part-two/487/comment-page-1/#comment-270 ngan Tue, 24 Mar 2009 19:16:58 +0000 http://www.pbs.org/wnet/blueprintamerica/?p=487#comment-270 The transit agencies are blaming the feds for pushing these sale lease options without telling the agencies the "potential risks". Why can't these agencies take responsibility for signing onto these risky ventures just to stretch their money out? They should have know about all the risks if they read the fine print. They accepted the risks by signing the contract (believing that nothing bad will ever happen). Doesn't this sound like the current housing crisis? The transit agencies are blaming the feds for pushing these sale lease options without telling the agencies the “potential risks”. Why can’t these agencies take responsibility for signing onto these risky ventures just to stretch their money out? They should have know about all the risks if they read the fine print. They accepted the risks by signing the contract (believing that nothing bad will ever happen).

Doesn’t this sound like the current housing crisis?

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