could be good news for creditors and investors
actually it might not be a bad idea if Enron and MCI were granted bankruptcy protection. (I'm not sure if they did.) The tax refund should then go to the trustee not the company. The trustee can than divide it amongst creditors and investors who got screwed.
This is based on a few assumptions of my limited knowledge of bankruptcy laws. Anybody with better info here?
-Steve G.