On a somewhat related note: Group: AIG's woes put public transit in trouble with banks http://tinyurl.com/6l4sf9
Story Highlights: * AIG insured deals in which transit agencies sold, then leased back, equipment * AIG's rating was downgraded after the federal bailout * Because of downgrade, banks can demand early payments from transit agencies * Transit agencies ask federal government to intervene, prevent early collection --- Good transit is good for urban bicycling because it both promotes compact development that makes for access efficiency, and provides an efficient fallback for emergency situations (like snowstorms) where a car is not available. _______________________________________________ Bikies mailing list Bikies@danenet.org http://www.danenet.org/mailman/listinfo/bikies
