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All I'm going to do is repeat what I've said: pay your debt. You agreed to it. You made a mistake, now you pay for it. Don't like it? Don't take out loans with terms you don't like. It's just that simple. Don't use other peoples money if you can't handle the costs. If you refuse to take the measures needed to pay off your debt, don't whine. Banks are not charity, and are not here to lend you a helping hand. Don't like being under greedy bank agreements? Don't take out loans that let them be greedy. Of course, you again presume this is greed, and have yet to explain to me why this is not CALLED RUNNING A BUSINESS. But then again, you think everything should exist to be warm and fuzzy and "cut you a break."
Ms. Frasca, an investment banker with over 30 years of Wall Street experience, is currently President of Frasca & Associates, LLC, a firm that provides financial advisory and strategic consulting services to transportation clients. Frasca & Associates currently serves as a financial advisor to Los Angeles World Airports, Miami International Airport, Baltimore Washington International and San Diego International Airport. As an advisor to the Port Authority, Frasca has developed the funding strategy for several JFK projects.
Previously, she worked in the Debt Markets Group at Merrill Lynch, where she managed a department of 25 bankers with a budget of $35 million. Before her time at Merrill Lynch, Ms. Frasca worked on the municipal bond trading desk at Dillon, Read & Co.
In addition to her work in the private sector, Ms. Frasca has had a distinguished career in public service. Following the September 11th terrorist attacks, she served as a strategic advisor to a special task force created by former Massachusetts Governor Jane Swift to evaluate management, security and financial practices at Logan International Airport. She also served as an advisor to the Transportation Cluster Initiative established by the State of Connecticut.
As a voting member on the MTA Board, Ms. Frasca will not receive a salary.