Predatory lenders have finally caught up with GGP and forced it to liquidate all its land assets in Columbia. The County government has agreed to purchase the assets for the $12 billion that GGP owes to both stimulate our economy and protect us from incompetent development/unmitigated greed. Economic self-interest has proven itself not to work, so we are now trying political self-interest. This has never been tried before.
A county official who will be charged with overseeing the development had this to say about the deal: “One fish, two fish, red fish, blue fish, knick-knack paddy whack, give a dog a bone.”
More on the deal available here.
Wednesday, April 1, 2009
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3 comments:
You had me.
Happy April Fool's Day!
I was gripped to the post . . . fingers on the wheel of my blackberry ready to speed dial Greg Hamm . . . I clicked the link . . . then I got the joke.
Nice one.
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