Some of the assumptions you make might make sense were it not for fact that government is not in the business of making money.
I realize you are optimistic at the prospect of the government making a profit on this - I do not share your optimism is this regard and do not believe for one second the government will break even.
As for the government having real property as collateral goes - that is outside their purview.
Some of the assumptions you make might make sense were it not for fact that government is not in the business of making money.
I realize you are optimistic at the prospect of the government making a profit on this - I do not share your optimism is this regard and do not believe for one second the government will break even.
As for the government having real property as collateral goes - that is outside their purview.
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While I generally agree with you about the government’s incompetence, there is a precedent here. The government made money with the RTC.