Battered Toshiba out of easy options to plug nuclear hole

Why blame US auditors?

What genius thought investing more in a 'nuclear plant business' four years after the Fukushima Daiichi incident would be a good idea?

I'm not saying 'bought', because it appears the line "cost overruns at a U.S. nuclear business bought only last year" is wrong. Toshiba has had a majority stake in Westinghouse for years, since 2006, and only increased its stake last year, by buying back a portion it sold in the meantime.

https://en.wikipedia.org/wiki/Westinghouse_Electric_Company#Sale_to_Toshiba

Toshiba calculates losses. Lets review; Three Mile Island occurred 28MAR79, Seven years to clean up and remove partial reactor core meltdown of conventional fuel Boiling Water Reactor. Chernobyl 26APR86, Thirty years and still no clean up. One total core meltdown of conventional fuel Boiling Water Reactor and after 30 years 2017 will see the first complete cement paper towel covering up Chernobyl's molten melted nuclear reactor. No clean up. No technology in existence to clean up total melt down. Fukushima 11MAR11 Five years and still no location of not one or two but Three Boiling Water Reactor cores; two conventional fuel and one MOX ,Plutonium,fuel. No location because TEPCO won't release Muon Energy Location Technology (MELT) exact location of molten melted reactor cores because that would lead to a conversation about the consequences of unlimited radioactive contamination of air, water, ocean, soil, by radioactive reactor cores. Oh back to Toshiba anybody want to invest in nuclear power?

Nuclear power is a money loser. Unless you can externalize all your costs, which is how public nuclear functions. In a world of accountability, and given the 2015 accountability scandal, there's no way Toshiba gets out of this without abandoning nuclear outright

Ah, Toshiba... didn't learn from previous mistakes and are still not disclosing information -- this time to its own bankers -- until they are desperate and asking for help.

Personally, I am boycotting TOSHIBA's product since 3/11 so I will not complain if they could simply disappear.

Toshiba execs (with the collusion of their overseers in MITI) have mismanaged and lied themselves into this position, so let them find a way out of the mess they have made - either sell the businesses to someone competent to manage them, or else go to the wall. No more taxpayer-funded bailouts for restructuring - they (and MITI) have demonstrated that they cannot be trusted.

When Obama became President first time and decided all nuclear energy plant waste be buried in Northern Nevada, there was talks Toshiba created waste compact system and gradually US nuclear energy plants disappeared. in USA