And WHO is going to pick up the LAWYERS' FEES to FIGHT THEIR BAD DECISIONS?
That's right, taxpayers, drop trou and spread!
"Turnpike mulls suing bankers, advisers
The Massachusetts Turnpike Authority is considering suing its bankers and advisers because an interest-rate swap with
Why does the Globe make that a brief from Bloomberg rather than reporting it themselves?
They don't want us to know we are being ripped off eights ways since Sunday, do they?
"Taking on old, sour deals
The Turnpike Authority's long-standing financial problems were exacerbated by a series of complex deals from earlier this decade that turned sour last year as the international credit crisis exploded.
AHEM!!
U.S. Banks Driving Credit Crunch ON PURPOSE!!
Bush Administration Created Credit Crunch Crisis
The deals are already costing toll payers millions of dollars and liabilities could rise to hundreds of millions of dollars.
As OUR SERVICES are GUTTED and TAXPAYER MONEY is SENT TO BANKS that are getting FEDERAL BAILOUTS, too!!!!!
The authority looks like it's getting ready to fight back, if it can.
Yes, the STATE is SO WEAK against the BANKS -- because they SERVE THEM, not YOU, voter!
Last week, the authority announced on its website that it was soliciting bids from law firms that could provide guidance on "any potential causes of action against" its financial adviser, the bank involved in a 2001 transaction, bond rating agencies "or other responsible parties."
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