Originally Posted by
Trash 'n' Navs
Why? It's not public money.
We're going round in circles here.
Originally Posted by
Shed-on-a-Pole
Another common argument put forward is that the sum representing the direct cost of LHR R3 will be privately funded by Ferrovial - foreign private money - so why not just let them do it? Well, a couple of points here. If you notice that your friend down the road is about to burn his house down, should you try to stop him? It is not your money, is it? And think of the boost to the local economy that the rebuild would bring! Seriously, there is an important point here. If these phenomenal costings make no sense, the project should not proceed anyway. Whoever is funding it. Because if all those corporate bonds go belly-up, you may find that it is your pension fund and your community that was invested in them. And even if it is someone else who ends up getting hurt - like the Greeks or the Cypriots did - do we really want to see that? Gross misallocation of capital will eventually bite someone. The corporate bond market is monstrously overheated, and it is going to maul alot of unsuspecting people over coming years.