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Politics : Formerly About Advanced Micro Devices
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To: SilentZ who wrote (759882)12/31/2013 3:22:14 PM
From: Tenchusatsu  Read Replies (1) of 1577902
 
Z,
HSBC's execs did. They're protected by limited liability. This does disproportionately protect the wealthy. The poor have no benefit like this.
I don't know the details of that case. Sounds like the bank execs blatantly looked the other way while dirty money was being moved around. A settlement of $1.9B is nothing to scoff at, but yeah, I agree that some bank execs should have served some jail time, assuming the authorities can prove their cases.

Still, this has nothing to do with limited liability. If HSBC were a gigantic sole proprietorship rather than a corporation, the outcome would have been similar, and you'd still be complaining that the wealthy are getting away with crimes that the poor could get away with.

Basically this whole "corporations are not people" nonsense is just an extension of your hatred of the rich.

Tenchusatsu
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