Reviews:
 ·Future Nine Corp..
| Performance Bond needed The regulators should approve these deals only with an up-front performance bond. In effect, telling Verizon "You've had a government-granted monopoly for years. Given the limited ability of our constituents to use market forces to correct market mistakes (i.e. it's a monopoly), if you want to sell this asset, you have to provide guarantees that the sale will result in a successful transition for our constituents."
The performance bond is large and paid-for up front by Verizon. It will increase the costs of these sales and make it less attractive to Verizon to unload debt at tax-payer expense. If Verizon goes ahead, it will provide the funds necessary to make a transition successful. |
