reply to cdru
Re: When did Karl first explain this? True, but, in this case, it takes cash--and lots of it--to upgrade the network. If FairPoint was as close to the edge as they now claim, why did they think they could do it? $2.7 billion is a lot to lose because you don't have the resources to run what you just bought.
If I overextend myself so much when I buy a business that I don't have the cash to fix the leaky roof or repair the cash register, then I'm a fool for doing it.