[quote=no_such_reality]No it should not be BG. You, the taxpayer, are being ripped off. You the taxpayer is assuming all the risk.
Colony get’s the reward, if it goes bad, you get the bill.
Sound familiar? Make sense now why the companies are bidding over market right.[/quote]
I Fannie had eventually sold them all for an avg of, say, $110K per unit (appraised value), who do you think would have been left holding the bag for the excess deficiency on them (debt overhang)?
In other words, do we want the whole bill now or perhaps part of it later??
