Originally Posted by jzk
Oh, and I am all for the "fair is fair" argument, and perhaps there is some logical reason this sold at auction for .01.
But let me ask you this. If you were out sailing and entrusted me to sell your $5 million dollar home, and I had a fiduciary duty to you, would it be reasonable for me to explain to you that it sold at auction for $.01? Sometimes auctions are not the best way to sell things when you truly are trying to maximize the return as the feds ought to be doing.
"The Feds" had plenty of return on Forrestal. It served the Navy for 35 years! As it is, it would cost more than it is worth for the Navy to scrap it or clean it up for use as a reef. I am sure they were happy to let somebody else take over the costs of towing, docking, and cutting her up. As taxpayers we should also be happy that we aren't footing the bill for the hundreds of thousands of man-days it will cost to cut her into razor blades.