GUF

Bondpapers makes an observation about a Great Unreported Fact (GUF):

One of the great unreported facts of this expropriation – unreported by the conventional media, that is – is that the expropriation didn’t just affect AbitibiBowater.

Nope.

Included in the seizure were assets of Newfoundland and Labrador-based Fortis Inc and an Italian company called ENEL.

Two other GUFs of the expropriation:

2. The legislative wing of Danny Williams-Government, gleefully ignoring the constitutional separation of legislative and judicial powers, used a sledgehammer statute to terminate a case before the courts in which it was the defendant; a move which certainly has no constitutional implications (Nothing Could Be Further From The Truth).

9. The action between Abitibi-Consolidated Inc. and Abitibi-Consolidated Company of Canada and Her Majesty in Right of Newfoundland and Labrador, reference: 2003 01T No.2113 is discontinued without costs.

3. The Danny Williams-Government wing of Danny Williams-Government has already given notice that it does not consider itself bound by whatever valuation may be placed on the expropriated assets:

The expropriation will come with a purchase price, but Williams said he now plans to deduct the cost of severance and environmental cleanup from the final amount.

"So, if the possible environmental exposure and, or, the severance were X amount, and the amount that the assets were valued at were substantially less, well, then obviously there would be no payments of cash from the government," Williams said.

Danny Williams Is A Great Lawyer.™