- If you recall, the troubled video game company recently missed a payment to the state of Rhode Island, which had engineered a massive GOVERNMENT HANDOUT LOAN DEAL to lure them from Massachusetts.
- Bad news: employees now out of work. Good news: employees weren’t getting paid anyway because ownership had chosen not to pay them missed payroll.
- The owner, a staunch conservative who once said, “There can be no question our country is in the worst economic crisis of our lifetimes. I also think there can be no question that it falls on us, the individuals, to find a way out of our own personal crisis,” will be accountable for his debts bailed out by the government.
Meanwhile, said owner is still worth $60 million. So it isn’t a total loss.