Quote Originally Posted by Ironhorse View Post
Tom, well said, I just went to refill my coffee as I struggle with the same fatally flawed argument.

I have not read the book and have little but passing news info on the events. My comment is on the structure and process of the argument.
--- Not a good idea. You don't know all the elements of the argument without reading the book. The point of my post isn't to present an argument; it's to encourage reading the book, and then perhaps you'll be compelled to think about whether the current ROE needs to be re-visited.