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Forums » FairPoint Delays Full Takeover of Verizon Networks » Time for Uncle Sam to bail FairPoint out.
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GOLFnSUN
Enjoy the sun
Premium
join:2002-03-03
Avalon, NJ
·Sprint Mobile Broa..
·Comcast

reply to Mr Matt
Re: Time for Uncle Sam to bail FairPoint out.

said by Mr Matt See Profile :

I predict that Uncle Sam will bail FairPoint out while Verizon skips on down the road carrying the bag of money from the transaction. A Corporation wins. Taxpayers loose.
NO, probably won't. What will happen is that the state PUC's, that held regulated rates down on Verizon and why Verizon dumped them to Fairpoint, will be forced to allow Fairpoint to raise rates no matter what the agreement was on rate increases.
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to forum · permalink · · 2008-06-18 18:47:40 · Reply to this

patcat88

join:2002-04-05
Jamaica, NY

 Its best if they fine the company to bankruptcy or bankruptcy protection, then the state buys out Fairpoint for a low price as an out of court settlement, if that doesn't work, get a judge to sign a condemnation order making Fairpoint's network "public property" for "the benefit of the people". Either sell the network off piecemeal to counties/towns and sell the long lines to a backbone provider. Or just split Fairpoint up by each state, and create a not-for-profit whose shares are owned by the respective state govt to run the network.
to forum · permalink · · 2008-06-19 06:19:02 · Reply to this
Forums » FairPoint Delays Full Takeover of Verizon Networks

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