[PRCo] Re: Lease back financing

[Schneider Fred]

Someone, and it may have been John Swindler in a phone call, said we  
had our first victim of the Great Depression of 2008 jumping of a  
building.

I think a lot of people are going to get bitten in the behind.

On Dec 13, 2008, at 4:21 PM, Phillip Clark Campbell wrote:

> 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
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