BillRoland
Premium
join:2001-01-21
Ocala, FL
clubs: | lol
The buzzards are circling this company. |
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S_engineer
join:2007-05-16
Chicago, IL | wow
That was faster than I thought...who won the pool?
We certainly know who lost!
Pay attention frontier customers......
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BF69~~~Please stop suffocating gerbils! |
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morbo
Complete Your Transaction
join:2002-01-22
00000
clubs: | Vermont should go after Verizon and contact the IRS
Vermont shoudl really go after Verizon about this failed venture and contact the IRS to attempt to recind the tax advantage VZ received through this super "deal." |
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openbox9
join:2004-01-26
Alexandria, VA | Why? What did VZ do wrong? If anything, the state and federal regulators that allowed the deal should be on the chopping block. |
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Karl Bode
News Guy
join:2000-03-02 | plenty of blame to go around but yes, the Reverse Morris Trust used was completely legal. Vermont should have paid better attention. |
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cableties
Premium
join:2005-01-27
 ·Verizon FIOS
| reply to openbox9
Morbo's point is that anyone BUT Vermont's regulators saw the "dupe" of Verizon pulling out, gaining a tax-writeoff, and playing the waiting game when the "yahoos" pull a Chapter 11.
But what about all the employees? What about the former Verizon employees that were let go because of this deal? Shuffled around, pay cuts, overtime cuts, attrition...
This Failpoint took advantage just as much as Verizon did. They had no software in place for customer service (and still don't). The company they hired doesn't know how to write code, train or meet deadlines. And the former CEO of Failpoint would only profess about "pudding" ! WTF?? |
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Glenn
I'D Rather Be Skiing
Premium
join:2000-10-05
Wallingford, CT | FairpontFun
Glad we were able to get our phone turned on before this happened. Hopefully...it'll stay on.
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Drill Here. Drill Now. Pay Less. |
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JSRoman
Premium
join:2005-03-10
Callahan, FL
| reply to Karl Bode
Re: Vermont should go after Verizon and contact the IRS
Vermont Attorney General should go after formal head of Fairpoint and Board of Director for basically lying thru their teeth. FTC should also do a thorough review.
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»www.seabee.navy.mil |
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zed260
join:2007-09-30
Cleveland, TN
1 edit | Verizon
wonder if Verizon will make a bid for the assets at a price lower then they sold them for |
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Anonymous
Premium
join:2004-06-01
IA
 ·Mediacom
| said by zed260  :wonder if Verizon will make a bid for the assets at a price lower then they sold them for Why? They wanted to get rid of those areas in the first place. |
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zed260
join:2007-09-30
Cleveland, TN
·Charter Pipeline
1 edit | id not be suprised if verzion knew that fairpoint would not be able to stay afloat with those assets
and if thats the case version may have planed to buy them back on the cheap
it would be great for version lose some debt and own all the areas you originally owned |
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rit56
join:2000-12-01
New York, NY | reply to JSRoman
Re: Vermont should go after Verizon and contact the IRS
Vermont should go after their own legislators who approved this deal. |
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kleinml
join:2008-04-18
Levittown, PA
·Verizon FIOS
| Smelly Fish
Yeah I am sure Verizon knew that fish was starting to smell a little when they sold it. But I can't blame Verizon for that. They needed to Unload it, Not profitable, doesn't fit their Business Plan, and Difficult to do business in. Those states are Over Regulated which is helping with the Demise of Fairpoint. I am not saying De Regulation would fix it, By no means but Over Regulation is just as bad as De Regulation. |
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openbox9
join:2004-01-26
Alexandria, VA
 ·AT&T Southeast
| reply to cableties
Re: Vermont should go after Verizon and contact the IRS
So VZ's liability is what? morbo insinuated that VZ is liable/guilty of something. My response was that VZ did nothing wrong and that there are others to clearly lay the responsibility/blame on to include Fairpoint's CEO and BOD as well as state/federal regulators. |
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morbo
Complete Your Transaction
join:2002-01-22
00000
clubs:
·Charter Pipeline
·AT&T Southwest
| VZ should be investigated along with Fairpoint. The regulators that approved this deal should be fired. Vermont should contact the IRS to see what, if anything, can be done about this shady deal. If for nothing else, to prevent loopholes like this from being exploited at the expense of customers and investors. Maybe Vermont's AG can explore options for going after Verizon.
The problem I have is that although the deal was technically legal, (almost) everyone knew that it was in actuality a horrible deal that primarily benefited Verizon. |
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openbox9
join:2004-01-26
Alexandria, VA
·AT&T Southeast
| said by morbo :VZ should be investigated along with Fairpoint. What do you propose be investigated? That's the part of your assertion that I'm not grasping.said by morbo :(almost) everyone knew that it was in actuality a horrible deal that primarily benefited Verizon. Except apparently for the organization(s) responsible for approving the deal. And yes, those entities should be strung up and made an example of. |
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Noreaster
@myfairpoint.net
| Verizon and Fairpoint sold the idea to the states that a small company with limited assets could "take over" its landlines, even though there was much dissension in the ranks and elsewhere about Fairpoint being able to pull it off. There was initially resistance to this on the boards and the consumer advocates in all three states. The question is, how was this resistance overcome. Investigating this turn-around of the public service board may reveal some interesting results, who knows. At least it would help to prove or disprove any hanky-panky that may have gone on. |
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cameronsfx
join:2009-01-08
Pensacola, FL
·Cox HSI
 ·magicjack.com
 ·Verizon Wireless B..
·AT&T DSL Service
| reply to rit56
said by rit56 : Vermont should go after their own legislators who approved this deal. Thumbs up to the law student in the class! Yerrr, Righteeee!
P.S. - No sarcasm. I gave him a thumbs up! |
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cameronsfx
join:2009-01-08
Pensacola, FL
·Cox HSI
·magicjack.com
·Verizon Wireless B..
·AT&T DSL Service
| reply to openbox9
said by openbox9 :So VZ's liability is what? morbo insinuated that VZ is liable/guilty of something. My response was that VZ did nothing wrong and that there are others to clearly lay the responsibility/blame on to include Fairpoint's CEO and BOD as well as state/federal regulators. Deal's done. VZ has NO liability. Period. It was approved. Period. Done. Over. Fairpoint stands on its own. Period.
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Not a lawyer but play one on TV....and Oprah. |
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cameronsfx
join:2009-01-08
Pensacola, FL
·Cox HSI
·magicjack.com
·Verizon Wireless B..
·AT&T DSL Service
| reply to kleinml
Re: Smelly Fish
said by kleinml :Yeah I am sure Verizon knew that fish was starting to smell a little when they sold it. But I can't blame Verizon for that. They needed to Unload it, Not profitable, doesn't fit their Business Plan, and Difficult to do business in. Those states are Over Regulated which is helping with the Demise of Fairpoint. I am not saying De Regulation would fix it, By no means but Over Regulation is just as bad as De Regulation. Homer, ya just hit a HOMERUN! |
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