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| Re: [ARTICLE] Bob Diamond Leaving Brooklyn (974648) | |||
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Re: [ARTICLE] Bob Diamond Leaving Brooklyn |
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Posted by BMTLines on Fri Sep 3 13:26:55 2010, in response to Re: [ARTICLE] Bob Diamond Leaving Brooklyn, posted by arnine on Fri Sep 3 11:14:48 2010. The logic that a flat dollar subsidy was sufficient for one company should have also been sufficient for another is flawed since we do not have the actual operating expenses of each company to do a fair comparison.For all we know the subsidy barely covered the Cooper companies interest on their mortgages and there was no money left over for maintenance. without seeing detailed financial statements I can't answer your question and since these companies are not traded on public stock exchanges that information is not readily available. So I am deferring an answer pending addtional research. A comparison can be made with real estate. Just because three buildings have the same number of apartments and square footage does not necessarily mean that they have identical expenses. There are too many factors to consider that are not as obvious. Finally the city had options that did not involve expanding the socialist MTA empire. Typical of New York they went for the socialistic solution and we are now paying the price in reduced service and exorbitant taxes. |
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