[PRCo] Re: Lease back financing

[Phillip Clark Campbell]

Mr.Swindler;


If what you infer about tobacco is true then it probably doesn't stop there does it.
How many other places were such financing 'deals' made that will come back to
bite us within the next decade?  For obvious reasons these 'deals' may not affect 
us directly but what about our families?  How could we speak up now to expose
and hopefully 'correct' these situations?  Do we need grand jury investigations at
all levels?


Phil





----- Original Message ----
> From: John Swindler <j_swindler at hotmail.com>
> To: pittsburgh-railways at dementia.org
> Sent: Saturday, December 13, 2008 5:32:10 AM
> Subject: [PRCo] Re: Lease back financing
> 
> 
> 
> There's about 30 some transit agencies affected.  Perhaps it is not so much AIG 
> and the transit systems - it is the brokers that received hefty commissions for 
> putting these agreements together.  That's where the real money is made and 
> decisions are made - at the individual level.
> 
> Do you remember those multi billion dollar tobacco settlements between the 
> tobacco companies and various states about ten years ago?  The tobacco companies 
> agreed to make payments over several decades.  Guess what your state politicians 
> have been doing over past few years and who is now 'on the hook' if tobacco 
> consumption declines?  
> 
> John