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Forums » Vermont Prepares For Fairpoint Bankruptcy » Vermont should go after Verizon and contact the IRS
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morbo
Complete Your Transaction

join:2002-01-22
00000
clubs:
·Charter Pipeline
·AT&T Southwest

reply to openbox9
Re: Vermont should go after Verizon and contact the IRS

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.

openbox9

join:2004-01-26
Alexandria, VA
·AT&T Southeast

said by morbo See Profile :

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 See Profile :

(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.


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.

openbox9

join:2004-01-26
Alexandria, VA
·AT&T Southeast

Agreed. This investigation should be of the entities that had a hand in the approval of the business transaction, not the selling participant which did everything legal. Now if evidence arises that VZ greased a few palms in the process, then unleash the investigative hounds. There's no reason to investigate VZ at this time, which is what morbo See Profile suggests should be done.
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