2 ms·
That's a good question. I'm unsure if they citizens/state will really own it, or if the state will be forced to sell it at firesale to help cover their losses.
by tibbon 14y ago
That's a good question. I'm unsure if they citizens/state will really own it, or if the state will be forced to sell it at firesale to help cover their losses. Also, with the loan being through a semi-private intermediary (I think) I'm unsure who the direct owner would be afterward.
- ubercore 14y agoI believe the loan is only guaranteed by the state, but the terms say that the state will own all IP given a default. I'm willing to bet we'd be legally obligated to sell it to help cover the bonds. I know very little about finance, though, so take this with a grain of salt.