Well, that's basically what private care ownership did to private streetcar and bus companies in the first half of the 20th century. Many of today's "public tr

Well, that's basically what private care ownership did to private streetcar and bus companies in the first half of the 20th century. Many of today's "public transit" agencies started life as bailouts (takeovers, the only reasonable kind of bailout) of private companies who could not compete with the car.