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View Diary: Scott Brown's comments spark outrage across Massachusetts (165 comments)

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  •  This is what (0+ / 0-)

    In financial circles you can't do business in financial transactions unless you put up a huge (like $millions of dollars) bond so the state can forfeit it if you happen to, say, lose everyone's money.

    There are insurance companies that cover your bond for a yearly fee.

    Why don't we have the same thing for gas stations and the like?  These places are superfund sites waiting to happen - if the company just happens to "go bankrupt" - the public is left on the hook.

    This is also probably why gas stations are not usually owned by the oil company - perhaps because by running it as a franchise operation, they have little to zero liability for this kind of mess?

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    by sacrelicious on Thu Oct 18, 2012 at 11:13:11 PM PDT

    [ Parent ]

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