No, I mean liquidation. Thames Water gets shut down and its assets get sold for £1 (or whatever) to a newco that gets the assets but not the bonds or shareholders. Business operations do not need to … (View Post)

Nationalise a firm before it goes bankrupt and you have to compensate the shareholders and bondholders. Pick up a firm in liquidation and you don't. It would be insanity for taxpayers to nationa… (View Post)

Just let it go bankrupt and wipe out shareholders and bondholders. If nobody else offers to buy TW with shareholders and bondholders wiped out no reason the taxpayer can't for £1 as a last resor… (View Post)

Of stoppage time. (View Post)

Will take 1-0 now. (View Post)