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You say that as if the consequence is that we should not invest into alternative energy production. Prokon used unregulated financial instruments to take inves
by pacificmint 11y ago
You say that as if the consequence is that we should not invest into alternative energy production.
Prokon used unregulated financial instruments to take investments, and they obscured their financial situation by spreading their balance sheet over dozens of companies. It took the bankruptcy administrators a year to even figure out what the financial situation really was.
I think what we should take from that is that oversight over companies that take financial investments, especially from consumers, should be tighter. That really has nothing to do with alternative energy.