3401 shaares
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"This model of privatized profits and socialized costs is the same one that has allowed Wall Street firms to speculate and reap enormous profits, while always counting on the public coffers to bail them out in a crisis. In the case of PG&E, the enormous damages they have had to pay for the fires caused by their infrastructure have led the company to declare bankruptcy, a condition from which it will have to be bailed out with public funds in order to ensure the continuous supply of electricity."