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Re: roguedolphin post# 672454

Tuesday, 03/15/2011 12:04:30 AM

Tuesday, March 15, 2011 12:04:30 AM

Post# of 704019
Japan down 1300 points

Looks like the public has lost trust:

Here, Tokyo Electric Power Co., which is working to avert a meltdown in Fukushima, is the poster child of distrust. In 2002, whistleblowers revealed abuses that forced it to say it had faked reports on repairs since the 1980s. Its chairman and president resigned and all 17 of its reactors were temporarily shut by government inspectors.

Amidst the latest accident, in Fukushima, Tokyo Electric is facing criticism for responding slowly. What a shock! This latest fiasco further damages the industry’s reputation after a string of embarrassments over the last 12 years.

http://www.bloomberg.com/news/2011-03-15/debt-tsunami-fights-radiation-for-bigger-risk-commentary-by-william-pesek.html

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