SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : The Residential Real Estate Crash Index
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: MulhollandDrive who wrote (150393)9/25/2008 5:22:37 PM
From: Peter VRead Replies (1) of 306849
 
Not quite. The Superfund was supposed to be funded by chemical companies to clean up sites where nobody could be tagged for the costs. In reality, there is almost always somebody to sue, so Superfund (CERCLA) was all about suing potentially responsible parties for the cost of the cleanup. Taxpayers paid very little in comparison to what the parties paid.

In contrast, this "financial superfund" is going to be paid for by the taxpayers, NOT the parties responsible for the ^*($#)@* mess. And instead of cleaning up the contamination, we are going to create a giant steaming heap of it. Well, I suppose it cleans up the company's balance sheet, so that's something ...
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News