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Sooner5030
7/27/2011, 05:06 PM
Not sure why it hasn’t been discussed yet. Most over-leveraged, cash strapped entities always look at asset sales.

According to FY 2010 US Balance Sheet (http://www.gao.gov/financial/fy2010/10stmt.pdf) (pg 45) we have $830 billion in property, plant, and equipment.

Shouldn’t the treasury have presented it as a possibility before default? Just sell $50 billion and that could help. Of course then they’d have to admit that failure to raise the debt ceiling will not trigger default in the first place.

Just an option.

My Opinion Matters
7/27/2011, 05:07 PM
This thread needs to be copycatted.

87sooner
7/27/2011, 05:11 PM
$50 bil is a drop in the bucket...
how long would $50 bil last...less than a week?

Sooner5030
7/27/2011, 05:14 PM
$50 billion (+ monthly revenue) could buy you weeks of uninterrupted debt service and other essential services. All options should be explored IMO.

87sooner
7/27/2011, 05:22 PM
$50 billion (+ monthly revenue) could buy you weeks of uninterrupted debt service and other essential services. All options should be explored IMO.

gotcha...
but it would be impossible to close a sale and collect the cash before tuesday...
govt doesn't work that fast...
now if the govt owns something more liquid it would work...

StoopTroup
8/5/2011, 09:07 PM
This thread needs to be copycatted.

Maybe BYU Krueger will do one.

soonercruiser
8/5/2011, 10:30 PM
For a hamburger today, I will gladly repay you Wednesday.
(Unless I default..)