Tuesday, October 13, 2009
El Gordo deleveraging
I realise this has been posted but there is a bit that was missed out on previous articles (or maybe I didn't notice)."The PM insisted the rest of the Â£16billion had to come from Local Government. He said council estates could be among those assets sold to and managed by the private sector." Council estates run by the private sector sound a lot like buy-to-let plugged directly into housing benefit. Sell 10,000 at 100K each to raise 1 billion.