We couldn’t make this stuff up if we tried to. Scam-cam vendor American Traffic Solutions has received an unspecified investment from Goldman Sachs. I, for one, welcome our new financial/police state overlords.
Although neither company would disclose the amount of the investment, ATS President James Tuton said it was a “significant” amount that will net the former investment house, now a bank holding company, two seats on the private Scottsdale company’s seven-member board.
What a racket! For those who still don’t get that all they want to do is take your money, hear it from the horse’s mouth:
As more cities use ATS’ photo radar and red-light cameras, an increasing number are deciding to follow suit — particularly in tight economic times, when they are seen as revenue generators, (ATS President) James Tuton said.
There’s something inherently sick about depending on a violation of the law as a method of raking in money — and admitting it publicly.
What you’re witnessing is moral and political bankruptcy on an epic scale. The cameras are coming down.