People who are desperate for cash are NOTORIOUS for selling assets at below market value.
Government agents are notorious for making crappy deals.
It stands to Reason that the selling off of federal and state assets and lands will be done expeditiously but imprudently at Fire Sale prices. All those people that have been sitting on their money? You know, the ones who already control a grossly disproportionate-in-fact-unsustainable percentage of the wealth? The Smart Money and the Robber Barons?
They’ll come out for sweet deals, particularly now that the Taxpayers have graciously taken the toxic assets off the table, and they are MUCH shrewder negotiators than G-Men will EVER be. They are Bottom Feeders. If it’s worth owning, they’ll snap it up. To top an average person’s highest conceivable bid by a hundred thousand dollars? Chump change.
The Have’s will have yet more, for which they can charge leases and fees. And the Have Not’s will have another Bill Collector.
When Barack Obama copped to NOT HAVING A CLUE how to turn this economy around, he revealed a key problem and his own lack of understanding with a single sentence: “There’s no pride of ownership here.”
That’s exactly right. And that’s the problem.
Every sale of federal and state assets and lands — every disposal of the Citizens’ Resources — should be reviewed with a fine tooth comb and a bullshit detector. Make sure those Bottom Feeders know that we’ll tie up their estates in probate until their grandchildren are grandparents.