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Why we need investment banks: New York's MTA needs about $20B between 2015 and 2019 to keep its...

Why we need investment banks: New York's MTA needs about $20B between 2015 and 2019 to keep its system from crumbling, but has yet to figure out how to pay for it. The MTA is a major issuer in the municipal bond market and even scheduled fare increases won't keep its debt service/revenue from rising to nearly 20% by 2018.
Comments (4)
  • Jason Tillberg
    , contributor
    Comments (1261) | Send Message
     
    It'll crumble..
    3 Oct 2012, 08:18 AM Reply Like
  • youngman442002
    , contributor
    Comments (5131) | Send Message
     
    anyone and I mean anyone...in a first year economics 101 class can see the problem here....its revenues will not cover the cost.....so lets sell some debt...lol...how about maybe look at your expenses and lower them....and I bet the biggest component is Labor....the big union labor...go figure
    3 Oct 2012, 08:19 AM Reply Like
  • Archman Investor
    , contributor
    Comments (2470) | Send Message
     
    New York's MTA is so beyond bankrupt already. It is comical to watch them outright lying about their financial situation. My 9 yr old daughter even knows what a bankrupt organization looks like.

     

    Thank goodness I do not have to use any of their services.
    I feel for people that must use their services to get around.

     

    How soon before a $10 subway ride to go 5 blocks?
    How soon before it costs $50 a toll to go over one bridge?

     

    These clowns think that the party can keep going and going.

     

    Thank God the courts struck down the unlawful MTA tax on businesses. The MTA is a criminal organization and I look forward to its complete collapse and reorganization.
    3 Oct 2012, 08:19 AM Reply Like
  • jerrycalpha
    , contributor
    Comments (59) | Send Message
     
    "These are the times that try men's souls." For heaven's sake, get off Charlie...
    3 Oct 2012, 09:28 AM Reply Like
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