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03/30/11 11:55 PM

#135004 RE: fuagf #134909

fuagf -- yup -- and Tepco won't be bearing the bulk of the costs (money, radiation effects, etc.):

Japan to scrap stricken nuclear reactors

Tepco chairman: "We want to apologise from the bottom of our hearts"
30 March 2011 Last updated at 07:31 ET
http://www.bbc.co.uk/news/world-asia-pacific-12903725

Tokyo Electric Investors May Be Wiped Out After Nuclear Crisis
Mar 30, 2011 9:06 PM CT
Tokyo Electric Power Co.’s shareholders may be wiped out by clean-up costs and liabilities stemming from the worst nuclear accident since Chernobyl.
The company faces claims of as much as 11 trillion yen ($133 billion), if the crisis lasts two years, that could lead to nationalization, according to Bank of America Merrill Lynch. Investors, including Mitsushige Akino and Edwin Merner, also said shareholders should brace for further losses.
[...]

http://www.bloomberg.com/news/2011-03-30/tokyo-electric-investors-may-be-wiped-out-after-nuclear-radiation-crisis.html