“We’re going to stand this thing up within the next 12 months. We’re going to monetize the asset side of the U.S. balance sheet for the American people,” U.S. Treasury Secretary Scott Bessent said during a media parley. “There’ll be a combination of liquid assets, assets that we have in this country as we work to bring them out for the American people.”
Just exactly what is that “monetize the asset side of the US balance sheet”? Sell off every asset the government has, to a handful of oligarchs? Isn’t that what happened in Russia in the 90s"? How did that work out?
I don’t think it’s about buying TikTok. It’s how he plans on raising the capital: Selling all the resource rights on government owned land? Selling all the government owned land? Selling all the student loan receivables? And sell to who? iirc, when the RTC was formed to liquidate failed S&L assets, those assets were sold to cronies, at pennies on the dollar, until a roar went up about how corrupt the program was.
Steve…if I am misremembering how the RTC ran, please provide links.
I snagged my current home when they stopped Steve Mnuchin from buying foreclosed homes en masse at 30 cents on the dollar, and opened up the program to individuals.