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California

usonian

(19,042 posts)

2. Too big to fail

Reply to Auggie (Reply #1)

Fri Feb 14, 2025, 04:52 PM

Feb 2025

Phony Baloney Crony capitalism

As soon as a big "investor owned" company fails, they are bailed out at public expense.

WE BOUGHT IT, WHY DON'T WE OWN IT?

They were brought out of bankruptcy, which they earned basically for mass murder, and doubled rates for many (myself included).

Wrong, Wrong, Wrong, but they own the P.U.C.

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Auggie

4 replies

= new reply since forum marked as read

Highlight:

California pushes back against rising utility rates [View all] usonian Feb 2025 OP

Investor-owned utilities and climate change don't mix Auggie Feb 2025 #1

Too big to fail usonian Feb 2025 #2

+1 Auggie Feb 2025 #3

Our PG&E LittleGirl Feb 2025 #4