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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
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