Would you like some Corruption with your Coffee this morning?

So we’ve got some interesting people running our public services and city councils who are getting busted all over the nation.

First we go to Boston, where the FBI arrested City Councilor Chuck Turner for taking a $1,000 bride. The pictures of the event are pretty bad. But to make matters worse this is the second person to get caught with their hand in the cookie jar in Boston. Sen. Dianne Wilkerson was also indicted on a bribery charge of her own. Apparently the two were both caught taking money trying to get the same club a liquor license. Apparently, both of them never realized that candid camera was the FBI’s style now.

The second one deals with the transit systems in New York, Massachusetts, Pennsylvania, Georgia, Texas, Oregon, California, New Jersey, Missouri, Chicago and metropolitan Washington. They are now under fire and feeling pressed for cash. Even though ridership is at an all time high these railways have been doing some shady business. Apparently they found a tax shelter a few years ago due to a loophole in tax law. These railways leased their cars to banks and then banks were able to then take the depreciation of these cars and split the tax break between the banks and the rail organizations. After Uncle Sam found out about the tax shelters the banks where then not able to claim the cars but AIG was able to buy the cars and lease them back under the old agreements. The snag is that AIG now wants to sell off the property considering their current predicament. The metro organizations have to find ways to come up with around 400 million and are now appealing to congress for these funds.

Seems like between corrupt politicians, broke American car makers, public transportation that have no cars and collapsing assets in American banks these handouts from the government are going to be getting more and more costly- and only the taxpayers are getting screwed.