4 ms·
it sounds like they need to declare bankruptcy; the state should use the opportunity to take the assets of the company for a public good which was clearly being
by appleflaxen 6y ago
it sounds like they need to declare bankruptcy; the state should use the opportunity to take the assets of the company for a public good which was clearly being plundered by stockholders - taking cash while letting critical infrastructure decay shouldn't necessarily be criminal, but it should mean you forfeit your ownership.
edit: i see in comments that they are already in bankruptcy. sad, but it's their bed to sleep in. now the state should take their assets and assume control of the power grid.
- indymike 6y agoThat bankruptcy was exactly the kind of deal you are advocating - one where the state of California would buy the company if it could make certain milestones on it's bankruptcy (one in June and one in September).
- andromeduck 6y agoWhy would the state want assume control? They already have it.