Re: Roseburg Forest Products Sends Letter to CORP
Author: Hipshot
Date: 03-07-2008 - 19:18

You are deluding yourself. There is absolutely nothing that RFP can do that can or will force FIT to put pour capital into a money-losing proposition. The US Constitution prohibits the taking of property (that includes money) without due process and fair compensation. Moreover, the Interstate Commerce Act prohibits railroads from engaging in non-profitable operations. All the uproar that rural Oregon – or even urban Oregon – can generate is of no more concern to FIT that flatulence in a windstorm. RaiAmerica's present strategy is to impel the public sector to subsidize a money-losing activity. But if anything even smells like it may, someday, somehow materialize that FIT believes it cannot ignore with total impunity, then they will a.) file a discontinuance of service Notice with the STB and/or b.) throw CORP into Chapter 11 bankruptcy, walk away, and let the STB and/or a federally appointed Trustee sort it all out. We don’t have access to CORP’s financial statements, but, in all likelihood, RailAmerica (and, hence, FIT) is CORP’s largest creditor and would be among the first to recover money from a bankruptcy. Not that such actions are in the public interests, but public interest is not an FIT concern.



Subject Written By Date/Time (PST)
  Roseburg Forest Products Sends Letter to CORP Bob Larson 03-07-2008 - 06:09
  Re: Roseburg Forest Products Sends Letter to CORP Rich Hunn 03-07-2008 - 07:39
  Re: Roseburg Forest Products Sends Letter to CORP T. M. 03-07-2008 - 12:23
  Re: Roseburg Forest Products Sends Letter to CORP Stevo del Applegato 03-07-2008 - 12:40
  Re: Roseburg Forest Products Sends Letter to CORP FHL 03-07-2008 - 12:52
  Re: Roseburg Forest Products Sends Letter to CORP FHL 03-07-2008 - 12:45
  Re: Roseburg Forest Products Sends Letter to CORP Scott Schiechl 03-07-2008 - 13:56
  Re: Roseburg Forest Products Sends Letter to CORP Hipshot 03-07-2008 - 19:18
  Re: Roseburg Forest Products Sends Letter to CORP FHL 03-08-2008 - 15:42
  Re: Roseburg Forest Products Sends Letter to CORP Hipshot 03-08-2008 - 18:19
  Re: Roseburg Forest Products Sends Letter to CORP FHL 03-08-2008 - 19:27
  Re: Roseburg Forest Products Sends Letter to CORP Hipshot 03-08-2008 - 20:55
  Re: Roseburg Forest Products Sends Letter to CORP kmattg 03-08-2008 - 19:44
  Re: Roseburg Forest Products Sends Letter to CORP WAF 03-07-2008 - 15:00
  Re: Roseburg Forest Products Sends Letter to CORP H.T. 03-07-2008 - 16:02
  Re: Roseburg Forest Products Sends Letter to CORP Miguel Otono 03-08-2008 - 00:02
  Re: Roseburg Forest Products Sends Letter to CORP Milo Starbuck 03-08-2008 - 00:12
  Re: Roseburg Forest Products Sends Letter to CORP Jason Kuehn 03-08-2008 - 01:12
  Re: Roseburg Forest Products Sends Letter to CORP Tony 03-08-2008 - 08:08
  Re: Roseburg Forest Products Sends Letter to CORP shortline sammie 03-08-2008 - 08:24
  Re: Roseburg Forest Products Sends Letter to CORP Rich Hunn 03-08-2008 - 11:44
  Re: Roseburg Forest Products Sends Letter to CORP Melvin Honmey 03-08-2008 - 20:11
  Re: Roseburg Forest Products Sends Letter to CORP Rande Diestler 03-08-2008 - 20:22
  Re: Roseburg Forest Products Sends Letter to CORP Rich Hunn 03-09-2008 - 09:27
  Re: Roseburg Forest Products Sends Letter to CORP GUNNER XV 03-10-2008 - 00:00
  Re: Roseburg Forest Products Sends Letter to CORP shortline sammie 03-10-2008 - 08:27
  Re: Roseburg Forest Products Sends Letter to CORP WAF 03-10-2008 - 08:50
  Re: Roseburg Forest Products Sends Letter to CORP Rich Hunn 03-10-2008 - 19:11


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