said by MTU:
Interesting example of corporative 'creative' financing. Reading up on the "Reverse Morris Trust" hat-trick was illuminating. Avoiding paying of taxes is what makes Wall Street hum.
It seems to me that the government is at fault for creating the loophole in the first place. I don't blame Verizon for exploiting it. They simply used tax laws to their maximum advantage just like anyone else would do.