Guardian writer Dave Hill who was at the meeting said on his personal blog, that Hendy
"explained that it was all the fault of TranSys, the EDS/Cubic partnership that runs the Oyster system under PFI (Do I sound as though I know what all this means?). Hendy said the incidents showed a "lack of understanding" by TranSys of the thing they're meant to be operating. Gives you confidence, doesn't it? He'll be "seeking recovery" from TranSys of the estimated £1 million lost in the two cock-ups."
Good to hear that we won't be paying for it (hopefully - I imagine that it was the real Peter Hendy saying this and not the MySpace one) and thanks to Dave Hill for giving me the heads up to this.