At 12:48 PM 01/29/2001 +0000, you wrote:
>California's politicians have decided to issue bonds to publicly repay the
>utilities' debt, with taxpayers gaining stock in the assets of the bailed
>out corporations.
though it will probably work out poorly in practice in California (given
the political balance), it's a good idea in theory: when corporations get
government subsidies, they should have to give equity in return. Goodbye to
corporate welfare?
Jim Devine [EMAIL PROTECTED] & http://bellarmine.lmu.edu/~JDevine
