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    Repiglican Roast

    A spirited discussion of public policy and current issues

    Name:
    Location: The mouth of being

    I'm furious about my squandered nation.

    Friday, December 08, 2006

    Wall Street sees wave of U.S. public asset sales (Privatization in the booming 3rd world country, Bush Economy.)

    [...]
    From New Jersey to California, cash-strapped cities and states are considering sales or leases of highways, airports and other public infrastructure to generate cash and plug budget gaps. At the same time, more than $100 billion in equity capital is looking to invest in for public assets boasting steady returns.
    [...]
    And while investors have operated highways and airports in Europe and Asia for years, privatization is new to the United States, where Midwestern states are leading the charge.

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