Your condensed guide to today’s daily papers.
Like so many homeowners, the Turnpike Authority got suckered by an adjustable rate loan: In a bid to get some cash, the Turnpike Authority took out some loans with ballooning payments. Now the cash-strapped agency is paying $300,000 per month in interest. [Herald]
At least the homeowners can get some free help: Boston’s Department of Neighborhood Development has teamed up with the Boston Real Estate Bar Association and will offer free legal advice for homeowners facing foreclosure. [Globe]
Aren’t we all going to die in a huge conflagration if an LNG tanker explodes? The Boston Firefighters Union sent fliers to residents of Southie and Eastie, warning them that Mayor Tom Menino has not prepared firefighters in the event of an explosion. Menino’s spokeswoman says the union is just trying to distract the public from its ongoing contract negotiations with the city. [Herald]
There are just too many damn Washington Streets: A police dispatcher sent officers to 689 Washington Street in Downtown Crossing when they should have been sent to 689 Washington Street in Dorchester. [Globe]