No. of Recommendations: 9
I think Buffett said in the annual meeting that, in hindsight, they should have did each state separately to limit the contagion.
Yes, Buffett said they should have structured Pacificorp such that each state utility is an independent corporate entity, sot one big blob covering multiple states which resulted in the current contagion whereby they were forced to sell "good" WA assets to pay for "bad" OR liabilities.
Seems like an unforced error on the part of Sokol, Abel & Buffet.
