[Carry_Okie]

Who should manage the asset? One would think that the creditors would want someone who can do it better for less. Of course, I would argue that the debt exists because of fraudulent tax-exempt activities on the part of those who hold that debt...

Privatize.

[dalereed]

When California became an independant nation, which only lastedf a few days before it joined the United States all the land in the state was privately owned. I have never been able to figure out how the federal government or the state for that matter ever got title to any of it.