A group of Internet service providers that won government grants are asking the Federal Communication Commission for more money or an "amnesty window" in which they could give up grants without penalty.
This would still probably result in a large loss to the government due to administrative and opportunity costs, but honestly I think this would be the best outcome at this point.
How about "fuck them"? Sounds like a much more reasonable outcome to me.
You make a deal, you deliver on the deal. If you failed to predict your costs, that is 100 percent your problem. Especially when you're a giant corporate entity that's supposed to be "sophisticated".
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This would still probably result in a large loss to the government due to administrative and opportunity costs, but honestly I think this would be the best outcome at this point.
How about "fuck them"? Sounds like a much more reasonable outcome to me.
You make a deal, you deliver on the deal. If you failed to predict your costs, that is 100 percent your problem. Especially when you're a giant corporate entity that's supposed to be "sophisticated".
Nah, punishing capital is always the best outcome. You want to privatize gains, take your fucking lumps and/or die as a corporate entity.
No, a large loss to the people who paid taxes. Meaning that such an outcome would be terrible.
It's both, not either/or.
Less terrible than a total write-down.
If they're made to honour their agreement (especially at substantial loss), then wouldn't these bad actors avoid underbidding in future auctions?