Results tagged “mtabailoutplane”

Lee Sander, who resigned as MTA CEO last month, has an op-ed in the NY Times today and goes to town on the state lawmakers that dragged out the process for an MTA bailout, writing, "In the political process that led up to this rescue, damage was inflicted on the M.T.A.’s reputation." He elaborates:

Elected state and city officials leveled the old and discredited accusation that the agency keeps two sets of books, one real and one for public consumption, and suggested that agency officials were untrustworthy and corrupt, comparing them to Bernard Madoff, the self-confessed mastermind of an enormous Ponzi scheme. These false charges landed enough sensational headlines to help camouflage the politicians’ own inability to reach a timely agreement on how to finance public transportation.

Continue reading "Former MTA CEO Sander Defends Agency In Op-Ed"