Huffpost Business
THE BLOG

Featuring fresh takes and real-time analysis from HuffPost's signature lineup of contributors

Huff TV Headshot

HuffPost's Dave Jamieson Discusses Toll Road Privatization On MSNBC's 'The Dylan Ratigan Show'

Posted: Updated:
WALL STREET ROADS
Print

The Huffington Post's Dave Jamieson appeared Thursday on MSNBC's 'The Dylan Ratigan Show' to discuss why states are selling their toll roads to Wall Street.

The deals seem beneficial, but end up hurting states in the long run, Jamieson explained.

"You may get 3.8 billion dollars upfront but you may very well burn through that money in 10 or 15 years," he said. "And then after that you no longer than have the power to levy tolls on drivers and all that money is going to end up going to the private investors."

Explaining the draw of road privatization, Jamieson said, "The states wind up looking at these deals because they're in really desperate situations and that's never a spot where you want to be negotiating from."

WATCH (via MSNBC):

Visit msnbc.com for breaking news, world news, and news about the economy

Around the Web

Amazon.com: America for Sale: Fighting the New World Order ...

America for Sale: An Exclusive Excerpt from Matt Taibbis New Book ...

Dylan Ratigan: America for Sale: Is Goldman Sachs Buying Your City?

America for Sale: Is Goldman Sachs Buying Your City?

America for sale: Foreign buyers are grabbing U.S. assets - Feb. 6 ...

EDITORIAL: America for sale? - Washington Times

America for Sale - BusinessWeek