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Politics : Politics for Pros- moderated

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To: Glenn Petersen who wrote (6355)	8/31/2003 2:56:24 AM
From: Paul Smith	Read Replies (1) of 793838

Keeping MCI alive will cost jobs Some people believe that no matter what evil illegal things MCI may have done, they should be allowed to wipe clean their balance sheet and emerge from bankruptcy with the ability to set prices lower than the companies that played by the rules. The key reason is that if MCI were to be correctly punished, some MCI employees would lose their jobs and that would be bad for the economy etc. What is missing in this logic is the strong chance that if MCI is allowed to have a debt free balance sheet, and the pricing power that it will allow, jobs will still be lost - jobs at MCI's competitors. While it may not be fair for low level MCI employees to pay for the sins of the criminals at the top, it may also not be fair for employees of Sprint, AT&T, Verizon, etc. to suffer from an artificially financially flexible new MCI.

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