Indeed: that's exactly what happens. The administrators come in, the shareholders lose all their money, and the bondholders take a big haircut. And then someone else ends up owning the asset (View Post)
Quite: and if you generate power that offsets a cost. It becomes tax free income. It's why the returns on solar, in post tax terms, are often better than they appear. (View Post)
Hang on. That's not necessarily true at all. Maybe life expectancy in those countries is low because there is next to no provision for health care for old people. Maybe it is low because it is the fi… (View Post)