Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : View from the Center and Left -- Ignore unavailable to you. Want to Upgrade?

To: greenspirit who wrote (105172)	2/28/2009 5:13:32 PM
From: epicure	Read Replies (4) \| Respond to of 542233

"The fact is liberal Democrats ran these institutions and cost taxpayers trillions of dollars." Please, prove that "fact". I went and read all their bios. They sure don't look like "liberals" to me- but go ahead, prove it. I'd say Bush couldn't run a local bakery either- and of course he was in the white house for 8 years, AND your congress was republican. So it's kind of hard for me to see how it can ALL be "liberals" But go ahead, prove it. I don't want anyone in jail, because I don't want to pay a dime to house anyone at government expense. I just want their money. That makes a lot more sense to me. Take all their money- and give it to the folks who've been defrauded- and since you can't take title from a thief, anyone they gave money to should have to give money back as well. Mores are NEVER sufficient. You always need prison, and police. There will always be wolves and sheep, and for the wolves we need laws. Any other view of humanity is simply too Pollyannish. And I'm sick of the partisan crap. This is not a liberal problem, and this is not a republican problem. This is a greed and corruption problem on both sides- YOU are the one who made it one sided, ergo you are the partisan.

To: greenspirit who wrote (105172)	2/28/2009 5:19:25 PM
From: cosmicforce	Read Replies (1) \| Respond to of 542233

<failing in their fiduciary responsibility> No way - that would be tried in civil court AND very difficult to prove. That would be a circus with high-priced lawyers eating the smaller of the amounts and if the shareholder's lawyers win a third of the money goes to them. Compared to their salaries the shareholders could assess maybe a 3x penalty on that salary IF and ONLY IF they were found guilty of incompetence. By trying in the criminal court a guilty verdict for either party would expunge the money from the executives even if they are innocent and only the company is guilty. And it would be 100% - the government doesn't charge a recovery fee of 33%. Plus, it is the larger amount. After that win, THEN we do the civil if you want for 67% of the rest of their money, but not without a criminal verdict. I hope no one does what you suggest - that would be nightmare and sure way to kiss any money goodbye. People hate corporations and could readily find them guilty but can find an idiot innocent especially if plead "stupid". Doesn't matter - he can't keep money he made by being criminally stupid or as a bonus for being stupid for a criminal corporation while salaried.