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DM&E Financing revisited.
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[quote user="solzrules"]<p>And so why should the government treat the DME any different than it did BNSF or UP when they made the same applications? <br> </p>[/quote]<br> <br> BNSF and UP are not the subject at hand. What happened 5 years or 10 years ago on seperate matters entirely are not at issue, and even if they were,.. since when do two wrongs make a right?<br> <br> the very rationale smaks of "well gee, everybody else is doing it" and I just find it impossible to sympathize with that mindset. sorry.<br> <br> (plus, in the case of BNSF and UP, how did the net proceeds of the respective transactions compare to their net worth at the time? Merely speculation I'll conceed, but my gut tells me that in the event they would have defaulted, the collateral they had riding on the line was substantially more than one auxillary rail corridor? Am I wrong about that?)<br>
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