Good question about collateral.
Maybe all of the real estate, all of the school buildings, would be collateral for such a line of credit??
since they have no way of paying it back, there better be something!!!
then again, the RATS look at bonds like gifts
28 posted on
08/25/2016 3:11:06 PM PDT by
Chode
(You Owe Them Nothing - Not Respect, Not Loyalty, Not Obedience, NOTHING!)