Originally Posted by
Colonel_Klink
Isn’t this the whole reason people are arguing for the government not to let VA fail....?
The Federal Govt is not bailing VA. I know from an internal source that they a. don't see any of the current owners ponying up with any support and b. they are afraid that any cash splash will wind up in the hands of the shareholders and other preferential creditors leaving the cupboard bare again. The VA accumulated losses are massive and no one will go anywhere near them.