Government owned roads are not necessary. I live in a town with roads that appear typical yet each property lot line meets, so the 'roads' are reciprocal easements to all other property owners. The town maintains the 'roads' so they look consistent, but the people have control and ownership. It's great, and there are zero parking issues on the 'roads' - just call towing company because it's private property.

> shouldn't have been possible

And Silicon Valley Bank shouldn't have been allowed to chase yield by going into long term Treasury debt creating a redemption glitch. But the regulator Federal Reserve allowed it and allowed mark-to-maturity accounting. Many industry regulators are captured by the industry.