General Votel was lauding the progress of the seventeen year long war on Afghanistan when a car bomb outside rudely interrupted him.
Looking at this question from the other side, why are some of the buyers not bidding 70% of BPO and scooping up all the auctions? This would still provide mid-teen returns which, in today’s low interest/high risk environment, are still attractive, as they include real bricks-and-mortar collateral. Could there be some collusion on these auctions by the bidders? This also seems likely.
Police in the Dutch city of Rotterdam have launched a new pilot programme which will see them confiscating expensive clothing and jewellery from young people if they look too poor to own them.Sounds like a blank check for robbery.
