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Massive bonuses would have been paid out already while the liability burdened company will need to be bailed out.
by jaimex2 6y ago
Massive bonuses would have been paid out already while the liability burdened company will need to be bailed out.
- refurb 6y agoThe article says nothing about a "bailout".
- madaxe_again 6y agoThey won’t just leave a utility lying dead by the roadside. Going by the last few decades of precedent, its assets will be acquired by a consortium of the current principals, most likely using state provided grants or loans to get things running again. The argument is essential infrastructure, expertise, etc. - I mean, it works for banks, and surely a utility provider is actually essential infrastructure.
- bilekas 6y agoSurely if they do get a bailout from the Gov, lets say Federal in this case, they would be subject to some actual regulation ? Might not be the worst, all things considered.