In <yY2dncyUy7w_thjanZ2dnUVZ_vTinZ2d@speakeasy.net> News <News@Group.name> writes:
>>>>the auction process by those that can't really afford to bid.
>>>
>>>or... to prevent a repeat of the debacle with NextWave,
>>>which bid oodles of money last time around, didn't pay up,
>>>and somehow got the US Supreme Court to rule that they
>>>still "owned" the unpaid for frequencies.
>>
>> That's my 2nd point.

>A token down payment doesn't guarantee satisfaction of a higher bid.

It's the difference between a "no down payment mortgage"
versus a 20 percenter. It's far from a perfect determinant,
and has plenty of its own issues, but it's a realistic
first step screen.

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