Saturday, December 13, 2008

Is This A Smart Business Deal...??

Want a little history of how well the government handles business? How about this?

Back in 1990, the Government seized the Mustang Ranch brothel in Nevada for tax evasion and, as required by law, tried to run it. They failed and it closed. It finally sold to a shell company set up by the former owner and his attorney for $1.49 million dollars. A year later, the owner took off to Brazil with millions in cash.

The IRS got its final say in 1997 when it filed a $16 million tax lien. Four years later, the brothel's new owner — the federal Bureau of Land Management — put the once infamous painted lady in the desert ignominiously up for grabs on eBay. A buyer named Lance Gilman snapped it up for $145,100 — adding the $100 in the final seconds of bidding. Smart deal by the government, selling a piece of property worth at least $16 million for $145,100, right?

Now, we are trusting the economy of our country and 850+ Billion Dollars to a pack of nit-wits who couldn't make money running a brothel and selling booze!

This is a true story and can be verified by Google search for Mustang brothel in Nevada.

Now if that don't make you nervous, what will? I need some STRONG coffee after that!


Cygnus MacLlyr said...

wihs i'd had $145,101.00 :o


js said...

Good example. And a funny one at that. If one can't laugh tat that? Wow.


js said...

and here is what is coming and it aint no laugh, expressed in a song: The future. Yes, not the original but good enough.


HermitJim said...

Thanks guys, for dropping by and for the comments.

JS, thanks for the link. I'm a BIG Cohen fan.