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A comment on US unprepared for an electrical grid collapse, but it costs only $300M. Parent comment

Re:US unprepared for an electrical grid collapse, but it cos... by oldsklgdfth on Sunday May 03, 2020 @07:12PM (#23062672)
I would argue that the 10 years after 08' have also lacked responsibility.

I think the secondary effects of the covid shutdown are going to highlight some very poor decisions. Mainly rallying the economy, rather than making it more robust. I'm interested in seeing what happens with housing specifically.

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Re:US unprepared for an electrical grid collapse, but it cos... by wfbarks on Sunday May 03, 2020 @08:15PM (#23063021)
thats basically my point, Companies still aren't taking responsibility for anything and are running the companies to keep the share price up so the Exec team can collect on their options in 4 years and move on. Similarly the government seems completely incompetent, and willfully blind to the risks being taken.
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Re:US unprepared for an electrical grid collapse, but it cos... by oldsklgdfth on Monday May 04, 2020 @03:14AM (#23065345)
Maybe so, but they are being enabled.

Two things come to mind: - stock buybacks can be eliminated with legislation - Fannie Mae and Freddy Mac are still under government conservatorship

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