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DM&E Financing revisited.
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[quote user="futuremodal"]<p>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.</p>[/quote]<br> <br> Tell you what? I'm not "ignoring you", but for the forseeable future I'm not going to waste my time responding to you, unless what you contribute happens to make sense.<br>
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