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Only in California: Borrow $100 Million to Owe $1 Billion
Townhall.com ^ | August 8, 2012 | Mike Shedlock

Posted on 08/08/2012 12:58:01 PM PDT by Kaslin

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To: The Cajun

Guido and Sal would never have made that loan, they prefer to be repaid and they would see no possibility of repayment here, the whole town wouldn’t be worth the $105 million if they repossessed it and breaking bones doesn’t get them a dime of repayment. Guido and Sal want cash flow early and they want it often, not some promise of pie in the sky twenty years from now.


21 posted on 08/09/2012 4:47:23 AM PDT by RipSawyer (Free healthcare is worth FAR LESS than it costs.)
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