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I keep imagining a possible conversation between PM Kan and TEPCO's management on march 15.

In it, the PM basically tells TEPCO "this is probably going to cost more to clean up than the legal cap on your liability, which I'm pretty confident you're not insured for. In addition, you're going to have to write off the reactors. Taken together, these losses mean you're probably bust. Since you're a strategic service provider, we'll have to bail you out or take you over when this is all said and done. I'll tell you what - we'll take you over right now, instead, and direct the emergency operations ourselves".

So, in what may be my last act of "advising", I'll advise you to cut the jargon. -- My old PhD advisor, to me, 26/2/11

by Carrie (migeru at eurotrib dot com) on Wed Mar 30th, 2011 at 05:29:48 AM EST
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