Edit post

Edit your reply below.

Post Body
Enter your post below.
[quote user="TheAntiGates"][quote user="futuremodal"] .  It just so happens that the DM&E project is the spotlight project right now.  [/quote] Then why do you keep insisting upon dredging up the past?   as you point out, that was then, this is now. I think it was you who brought up the older loans in the first place, wasn't it? DM&E won't be paying off their loan anytime soon, so in consequence, 91% of that program's funding will be tied up on a marginal prospect, for a considerable time. And if DM&E should  fail, then  for CONSIDERABLY longer. Not a good idea putting 91% of our eggs in one basket. [/quote] All RRIF funding involves the inevitability of 80% to 90% of the "eggs" being in one basket at any given time.  When BNSF and UP took out their loans, I expect those loans also represented the largest portion of the RRIF portfolio.  Remember, both BN and UP had in recent times come close to a Milwaukee-type failure.  BN's PRB project came at a time (1970's) where BN was close to losing it all.  The odds of a DM&E failure are not any more than the odds of BN or UP failing back then.
Tags (Optional)
Tags are keywords that get attached to your post. They are used to categorize your submission and make it easier to search for. To add tags to your post type a tag into the box below and click the "Add Tag" button.
Add Tag