said by tshirt:
...OR is this a process of shedding debt? (assets to be later reabsorbed)
Regulations need to change to coordinate the balance of protective benfit to corp's( and individuals) vs RESPONSIBLITIES to meet their OBLIGATIONS.
You've hit that proverbial nail on it's head!
Imagine buying into debt of Verizon only to wake one morning to find that Verizon dumped it's obligation to pay you back into an entity that you would have never considered buying into.
It's a disgraceful situation, par for Verizon.