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*-"eventually" leaving those public companies no choice but to... Clarifying, because there's no way a company (public or private) is going to reduce the credi
by vaxman 11mo ago
*-"eventually" leaving those public companies no choice but to...
Clarifying, because there's no way a company (public or private) is going to reduce the credit line of a major customer until it's obvious that the orders "aren't real" But if Wall Street realizes it before they do, they can lose control of their business too. This is not quite Enron or WorldCom/MFS, but it's a very similar storm on the horizon. (BTW, ever wonder why Sprint never could remain airborne and eventually was merged with TeenMobile? It's because they overspent on CapX trying to keep up with the fraud at Worldcom and could never dig out to actually use all that spectrum. Likewise, we are still dealing with the fallout of the Enron collapse on the US domestic energy grid a quarter century later.)