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Archive for July 2009
East Coast - “No Bailout” says Government
01/07/2009 by Esio Trot.
I see on the news this morning that Lord Adonis said,
“The government is not prepared to renegotiate rail franchises, because I’m simply not prepared to bail out companies that are unable to meet their commitments.
“It is simply unacceptable to reap the benefits of contracts when times are good, only to walk away from them when times become more challenging.”
But isn’t this what they did with the banks - the biggest and most costly bailout ever?
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