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TEPCO: Rumors That CEO Masataka Shimizu May Have Fled Country
the odds grow that a nationalization will wipe out all the equity
No, no, no!!!111one

The odds grow that TEPCO will become insolvent, wiping out all the equity and requiring a nationalization.

Nationalization doesn't wipe out equity: an equity wipeout requires nationalization. Where do these narratives come from?

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 05:48:30 AM EST
[ Parent ]
Where do these narratives come from?

From people who want to externalize the blame? Aided and abetted by journalists and politicians who instinctively use the third person impersonal to avoid offense?

"It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Wed Mar 30th, 2011 at 09:46:10 AM EST
[ Parent ]
From Chicago?

Peak oil is not an energy crisis. It is a liquid fuel crisis.
by Starvid on Wed Mar 30th, 2011 at 01:02:49 PM EST
[ Parent ]

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