Right. Didn't read it, and if I didn't make myself clear before, I don't care. The guys at Enron and Lehman Brothers worked "in the biz," too.
Ah right. Not reading what actual professional in the biz wrote is a thing these days. It’ll all magically be better if you just complain enough. Haha.
As far as your examples go...
Lehman got screwed. There were much worse banks than them bailed out. Goldman wanted them dead and got their way. Enron was well known to be doing things (regulators knew too) but certain DC politicians liked what they were pocketing during the days of insider trading being allowed for Congresscritters.
Biggest difference between lame banking examples and a telecom is this: The telecom actually provides something nobody else can because morons in the 80s DEMANDED municipal governments only allow one of them.
Idiots got what they asked for. Not legal to compete.
You can always find another ripoff bank or investment firm and invest in things that don’t make any value sense on Wall Street. Those are a dime a dozen and don’t build anything of value. Fiber to your building actually has value.
The real shame was bailing out AIG. That set a really bad precedent. Along with screwing bond holders of companies who knew the places were going to default.
Anyway...
Pretending a natural monopoly telecom is the same as an Enron or an investment bank that had the same bad investment products as the one across the street, is completely laughable. Thanks for the chuckle.
Let me know when CenturyLink cares about any regulator’s concerns about what they deliver. LOL. They still call 1.5 Mb/sec ADSL from a 1990s vintage DSLAM “Broadband”. Hahahahaha. You can tell them to upgrade it and they’ll happily send you a nice letter stating it’s on their engineering road map for 2038.
Nice chat though. Good laugh. Comparing a telecom with actual capital assets and idiot-mandated monopolies to an investment bank and a sleazebag “energy broker” and thinking a regulatory bureaucracy can fix their lack of buildout and bubbas in company pickup trucks to do it.
I truly did LOL... we’ve been through eight “account managers” at CenturyLink in six years. They hire in all excited to sell us their nonexistent services... then realize their commission checks are a bit lighter than the boss said they might be. Hahahahaha.
They sold us gigabit commercial fiber for less than $1000 a month. It’s a “tad” oversubscribed. They were desperate to sell something. It does a nice job of taking the desktop web browser load off of our real data circuits with SLAs... which are fiber from a cable company.
Good luck on your next call center or data center build. You’ll get more mileage out of a 12-pack for the installer than any regulatory BS. I guarantee it. BTDT. Been doing it since USWest still existed and Verizon didn’t.
A good way to go out of business quick is waiting on a telecom to deliver a “regulated” service. You’ll be much better served by a good realtor and a fiber map. I promise. That’ll mean it’s only three months to install and not two years.