No catch 22 here. If you do not have the funds available you do not bid at an auction.
Who in their right mind would sign up for an expensive loan with the hope they get to be the highest bidder?
Answer- someone spending other people's money that thinks they have no one to answer to.
Whoever is involved in this should lose their job.
DGR's bid had $600,000 going to AJQ staff. Highly likely a good chunk of that was going to management.
No catch 22 here. If you do not have the funds available you do...
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