Does Anyone feel like Bailing

[tw]

Another example of finance people playing money games as technology and infastructure gets ignored by those spread sheet moguls. From the NY Times of 11 Dec 2008:

url=http://www.nytimes.com/2008/12/12/business/worldbusiness/12bell.html]As Buyout Fails, Bell Canada Seeks to Bolster a Struggling Business[/url]
With the record-setting $50 billion leveraged buyout of Bell Canada all over except for the potential litigation, the company, Canada’s largest telecommunications company, once again faces a possibly bigger issue: reversing the seemingly relentless decline of its business.

The takeover, which had several setbacks, appeared doomed late last month after the accounting firm KPMG concluded that Bell, ... would not be solvent after being burdened with about $30 billion in debt from the deal.

Its demise was confirmed on Thursday through two curt statements. The buyout group, which was led by the Ontario Teachers’ Pension Plan, said that the deal’s failure to pass its solvency test was the final blow, adding: “Under these circumstances neither party owes a termination fee to the other.”