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Secret email from Severn Trent water boss to rivals: fend off nationalisation
(www.standard.co.uk)
this post was submitted on 30 Jun 2023
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Just tell the banks the debt is void, or they can swallow it, their choice.
Shareholders and management team get wiped out.
Municipalise it.
That would be illegal. That's just seizing assets that they legally own.
When companies go bankrupt, the debt is written off. That's not illegal.
Yeah but the water company can't go bankrupt because it provides a key service. So the government will HAVE to rescue it and thus they'll HAVE to pay the investors something. Might be a write down but one way or another tax payers will be on the hook. I'm not supporting this shit btw. The water companies are a natural monopoly so should be controlled by the government and never have been nationalised. I'm just saying what is EVENITABLY going to happen.