| reply to fAcEtIOUs
Re: Regulators blew it when demanded unmeetable conditions So you blame the states for imposing conditions that Fairpoint agreed to follow?
Most people would consider that the fault of Fairpoint for agreeing to the conditions. They had the opportunity to walk from the deal when the PUC's imposed the conditions on the deal, they chose to go forward with the knowledge that they couldn't do it. That in my mind is where the management stepped over a legal boundary. They made a binding agreement with the government that they failed to meet. At the least their jobs and reputations should be in jeopardy and hopefully the states will pursue aggressive action including breaking up the company or forfeiture of assets including last mile lines and hopefully at least one of the states has a criminal statue baring this foreknowledge of an inability to meet contractual requirements with government that will enable criminal prosecution of the management. |
