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On Friday morning, it finally released some documents, including a May 22 letter from Moskowitz claiming her network has been heavily subsidizing shortfalls in its management costs for years through outside donations and grants, according to the Daily News.
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In 2010, the loan was transferred to a special servicer on the assumption that a default would occur once reserve funds being used to subsidize the shortfall were bled dry.
Stop subsidizing stupidity.
Subsidizing corporate debt is just too risky.
"They are subsidizing those that do".
Or stop subsidizing driver-polluters altogether?
"Taxpayers are also subsidizing them".
Could the government stop subsidizing mortgages altogether?
Why are we subsidizing it?
Subsidizing low budget buyers cannot increase revenue.
Most transportation funding goes toward subsidizing the use of private transportation, so while there's always more money for freeways, the public transit system has a projected $225 million budget shortfall over the next decade, and riders are the ones expected to cover it.
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