...assuming someone has the capital and use for the buildings to want to buy them, of course. But CNBC probably hasn’t thought that far ahead yet.
posted on 10/12/2010 7:47:32 AM PDT
(St. Joseph, patron of fathers, pray for us!)
To: BelegStrongbow; Leisler
The link wouldn’t open but IIRC the plan is to sell the buildings but then lease them back. Almost certain to cost the taxpayers more in the long run, IMO
posted on 10/12/2010 7:54:13 AM PDT
(This post is not a statement of fact. It is merely a personal opinion -- or humor -- or both.)
“...assuming someone has the capital and use for the buildings to want to buy them, of course.”
Presumably the new owner would lese them back to the gvt.
It’s a way to get cash out in an emergency. Kind of like Chicago selling its parking meters.
But you can’t eat the seed corn forever.
posted on 10/12/2010 7:58:02 AM PDT
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