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DM&E Financing revisited.
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[quote user="Murphy Siding"]<p>[quote user="futuremodal"]Oh, Murphy kicks in from time to time on the anti-DM&E side of things, but that's just because Kevin Scheiffer won't wave back to him from his ivory tower.[|(][/quote]</p> <p>Not anti-DM&E,but admittedly cynical about the whole deal.</p>[/quote]<br> <br> He keeps bellering about how the UP and BNSF have already tapped the well of RRIF loans, as though such automatically justifies his pet ambition.<br> <br> But UP and BNSF are huge, and have borrowed relatively little, especially in proportion.<br> <br> Did you know that if this DM&E loan is approved, <a href="http://releases.usnewswire.com/printing.asp?id=74627">91 percent of the RRIF's ENTIRE portfolio will consist of debt owed by DM&E</a>. ? the claims that all parties have enjoyed the benefit of these loans is not apples and apples, by a long shot.<br> <br> I'm going to have to change my mind about FM, ED Blysard was completely right, and I was wrong.<br>
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