MCI’s out of Bankruptcy, and

MCI’s out of Bankruptcy, and telecom is going to hell

Thanks to the generosity of the bankruptcy judge, the criminal enterprise called WorldCon has been able to shed nearly $35 billion of its debt and comes out with most of its operations and assets intact. What more the company has debt which is lower than AT&T, SBC, Verizon, BellSouth and Level 3 Communications. These companies did not commit a crime, file for bankruptcy or stiffed the shareholders. However, thanks to some twist of fate, they are going to pay the price. So will the shareholders of these companies [via werblog] [full storey]

[Listening to: Frontier Psychiatrist – The Avalanches – Since I Left You (04:47)]