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In the midst of the latest financial crisis, Verizon received $1.5 billion thanks to two federal bailouts

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In the midst of the latest financial crisis, Verizon received $1.5 billion thanks to two federal bailouts
We have quite an interesting news that doesn't speak highly of Verizon's CEO Ivan Seidenberg. According to a Washington Post article, Verizon did receive $1.5 billion in two separate federal bailouts in the midst of the financial crisis. This is the very same "we-are-not-taking-money-from-the-gov" Verizon, which sounds weird because its CEO - Ivan Seidenberg - bashes "a lot of really bad business models created by the government" in a Wall Street Journal interview dated October 14, 2008.

A Verizon spokesperson commented that this was "an extraordinary time," adding that "there was no credit available otherwise (at the time)". Of course, it's not particularly surprising that a CEO of a big corporation is defending it in every way possible, but it raises questions about the financial stability of the US carriers. What's your opinion on this revelation?

source: Washington Post and WSJ via Electronista

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