TRANSIT and the ECONOMY - You Guessed it, more bad news!

[Ocklawaha]

This is an inside industry discussion right now, doesn't look good, sounds even worse!
Think I'm gonna find a cave in Colombia and just vanish for about 7 years - soon!

PREVENTING A PUBLIC TRANSIT CRISIS: SENATORS CALL ON TREASURY TO STOP LOOMING FISCAL DISASTER FOR TRANSIT AGENCIES AIG's problems have allowed banks to potentially demand billions from transit agencies     WASHINGTON â€" Today, U.S. Senator Robert Menendez, along with Senators Richard Durbin (D-IL), Frank Lautenberg (D-NJ) and Barbara Boxer (D-CA) are calling on Treasury Secretary Henry Paulson and Federal Reserve Chairman Ben Bernanke to prevent a potentially crippling financial situation that transit agencies are facing as a result of the credit crisis. The collapse of insurance giant AIG has caused deals between banks and transit agencies to fall apart, allowing banks to demand billions of dollars from the agencies.   "Any reduction or degradation in transit service could mean that our constituents will struggle getting to work or school, squeezing our state economies and family budgets even further," wrote the senators. "This is a time when we should encourage mass transit use and a financial blow to our transit agencies.

OCKLAWAHA