Comments on: "Infrastructure Could be Larger than Real Estate" http://www.historyishappeningnow.com/2008/09/09/infrastructure-could-be-larger-than-real-estate/ Yet another political blog Mon, 04 Jan 2010 19:51:44 -0500 http://wordpress.org/?v=2.9.1 hourly 1 By: John http://www.historyishappeningnow.com/2008/09/09/infrastructure-could-be-larger-than-real-estate/comment-page-1/#comment-218 John Tue, 09 Sep 2008 15:59:29 +0000 http://www.historyishappeningnow.com/?p=359#comment-218 Fannie Mae is precisely the wrong way to make something private. The risks were public but the profits private. Then again, there is something for private new infrastructure. Remember than 100 years ago the IRT and BMT were two private companies that built most of the NY Subway. The problem is that these deals that people try now are all get rich quick schemes without proper reward for the taxpayers. Instead you need to be smart about it where the risks are being properly accounted for. Fannie Mae is precisely the wrong way to make something private. The risks were public but the profits private.

Then again, there is something for private new infrastructure. Remember than 100 years ago the IRT and BMT were two private companies that built most of the NY Subway.

The problem is that these deals that people try now are all get rich quick schemes without proper reward for the taxpayers. Instead you need to be smart about it where the risks are being properly accounted for.

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