Kagro X over at Daily Kos paints a chilling picture. He suggests (with links and evidence and stuff) that Qwest CEO Joe Nacchio refused to play ball with the NSA when it wanted to snoop on Americans without warrants and tap into the telecommunications systems to do so. Consequently, the government denies Qwest government contracts and at the same time sics the SEC on Nacchio related to the company’s bad luck (related to the failure to obtain the government contracts.)
Intresting.
I bought into Qwest before they were big becuase I beleived in Joe Nacchio’s idea of running LOADS (somewhere around a metric booty-ton) of fiber along rail lines.
I bought 53 shares at around $29 a share, my only personal investment I have ever directly made into a company (not counting things like 401(k)).
Q stock split and went to somewhere in the $80’s. Then everything went wrong for no good reason. They had a great plan (other than buying USWest) with their fiber.
Maybe this explains it. Or, maybe like anyone that bought Enron, I want something else to explain why the thousands of $$$ I once *thought* I had vanished.