ES is ripe for Bain Capital to come swooping in, borrowing millions and loading
it up with debt, laying off the employees, stealing the pension and medical
funds, filing bankruptcy, and netting the Cayman Island and Swiss banks huge
deposits. So who's gonna clean up all that radioactive waste? Certainly
Bain Capital would never get their white gloves dirty.
Not to worry, Mike Lee, ES's former attorney, is now in a position to
rescue them from their own chicanery, ineptitude, and demise with some porculent
subsidy or bailout. I'm thinking Lee's buddy, J.P. Morgan Chase,
would see ES as a good investment. And it would cost a whole lot less than the
$2 billion pocket change they just lost.
Hey, EnergySolutions must have been a great idea because so many of the repub
lawmakers backed it all up. Individualize the profits and socialize the
risk, it's their motto.
EnergySolutions has been run into the ground, so to speak, and will soon become
"our" responsibility as the state is forced to take over this huge pile
of poison. Meanwhile the inept leaders walk away with millions of $ in
severance. Ah, the miraculous American "free" market.
They not only want to take nuclear waste from other states; they also want to
take it from other countries.It seems that they are not very economically
strong with the drop in their stock.We all know will be stuck with the
bill, and garbage if they go under.