Democrats do not want to wield power, Gavin Newsom edition.https://twitter.com/markchediak/status/1188266672668364800 …
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Ya a few obvious problems with that idea. 1) how would you capitalize a company that goes bankrupt every year, 2) no court would let them go bankrupt it they were owned by the state, 3) and if they did, then you just end up screwing homeowners
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Also what will be California’s cost to borrow if they have to take on PG&E’s wildfire liabilities on an ongoing basis?
End of conversation
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