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Articles on Bloomberg about this already on who pays if they are found liable for huge amounts of damages, ratepayers, shareholders, taxpayers or bondholders. L
by tyu1000 8y ago
Articles on Bloomberg about this already on who pays if they are found liable for huge amounts of damages, ratepayers, shareholders, taxpayers or bondholders. Likely to be a combination of all four in some amount, if the worse comes to happen.
- thanosnose 8y agoMost likely the shareholders will be wiped out ( equity collapse ) and bondholders are going to cut their losses and simply walk away. It will be rate payers ( customers ) and taxpayers ( both state and federal ) who will be footing the bill. But that's the worst case scenario which I don't think is likely.