[jayef]

Bells are not leasing circuits below cost. This is an out and out lie.

[plain talk]

Yes they are. Hundt and his socialist crowd decreed that forward-looking fictional costs had to be used to calculate leasing rates instead if the actual investment. So the Bells got screwed and the politicians and CLECs won. Even then the CLECs tanked because ... duh ... it's expensive running a telephone company. It's like stealing from the rich to give to a bunch of kids trying to run a business who then run it into the ground anyway. And the public picks up the tab for all this mismanagement and socialism. What a crock.