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Re: A VERY Lost A Train!

Posted by SelkirkTMO on Sun Apr 13 18:50:34 2014, in response to Re: A VERY Lost A Train!, posted by JayZeeBMT on Sun Apr 13 18:36:54 2014.

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It was a tax gimmick that Nixon insisted on having for the banks. The vendors wanted to get paid and government didn't have it. So the banks bought the stuff and RENTED it to PANYNJ, MTA and many others over long term leases. Goes back to what constitutes an ASSET. Stuff that can crash and wear out didn't cut it for the banks and so they front-loaded the terms. Renters had to pay it off LONG before the writeoffs and deductions for the banks expired and so that money was QUITE the windfall for the banksters.

And as to the rest, politicians know that they'd better do what they're lobbied for or they might end up like Lindsay.

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