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Posts tagged as: AIG

Transit financing trapped in a house of cards

The best laid schemes of mice and men gang oft agley — an old refrain among transit administrators caught in the backlash of an economy run amok. Little did they know their creative financing five years back would eventually become ensnared in the current mortgage-lending debacle.

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© 2010-2016 BUSRide Magazine All Rights Reserved. Content on this web site is copyrighted and may not be reproduced in whole or in part without the express written consent of the publisher.