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« Conspiracy?
This is a sub-selection from Insurance Money

Maggs
Life is awesome
Premium
join:2002-11-29
Woodside, NY
reply to rradina

Re: Insurance Money

They most likely are self insured with a stop loss policy covered by other insurance. They will most likely hit the stop loss cap with all the Sandy damage with FEMA giving them the rest.
--
Yes, ladies I am single.


rradina

join:2000-08-08
Chesterfield, MO

Great! More corporate welfare.


Maggs
Life is awesome
Premium
join:2002-11-29
Woodside, NY
Reviews:
·RCN CABLE

said by rradina:

Great! More corporate welfare.

Corporate welfare, electrified MO, so don't knock it. Just check out the Rural Electrification Act, »en.wikipedia.org/wiki/Rural_Elec···tion_Act
--
Yes, ladies I am single.

rradina

join:2000-08-08
Chesterfield, MO

1 edit

The resulting electrification is a permitted but regulated monopoly. It was also loans, not welfare.

Are we saying Verizon is only getting low interest federal loans? Regarding low interest, credit is so cheap what is "low interest"? To be worth it, it almost has to be NO INTEREST. Since the government will sell bonds to acquire the money, that's more public debt and it will cost all of us.


Maggs
Life is awesome
Premium
join:2002-11-29
Woodside, NY
Reviews:
·RCN CABLE

If the fed govt credit guarantees the loans, Verizon can borrow money at next to nothing. Just look at their capital lease obligations paying 6.8% in interest in 2010.

Look at the fact there's $5,902 million outstanding debt due in 2012. Imagine borrowing $5,902 million at 6.125%, and you thought home mortgages were expensive.

»www22.verizon.com/investor/app_r···e09.html
--
Yes, ladies I am single.


rradina

join:2000-08-08
Chesterfield, MO

Why in the world would they be paying that much? I remember reading about a recent rush by otherwise healthy companies to issue tons of debt. Reason? Because it's practically free.

»moneymorning.com/2011/05/30/reco···e-bonds/

I don't think WE should be paying Verizon to rebuild anything that isn't regulated. If it's regulated, maybe, since we limit the profit they can make. However, Verizon has also been accused of "fixing" their books by pushing all kinds of expense into their regulated area to artificially inflate rates. This likewise deflates the true operating expenses of their non-regulated LOBs where it doesn't matter how much profit they show (other than corporate taxes).

»www.newnetworks.com/Verizonshellgame2012.pdf