Comment I'm going to paste in someone else's post... (Score 1) 594
...so maybe you'll bother to read it:
If they are allowed to proceed with this suit it means the end of business as it is practiced in the USA. It means, among other things, the end of the stock market.
Modern capitalism is based very strongly on the concept of limited liability which means precisely that investors are not responsible for liabilities incurred by the companies they invest in. The companies are, and the investors can lose their investment, but they are not criminally liable for the company's actions (unless they participate directly in those actions) and they are liable only for the amount of their investment.
"It's like investing in a local street gang."
No, it's like investing in Exxon before the Exxon Valdez or in Union Carbide before Bhopal. You can lose your investment. To suggest that it go any further undermines every principle upon which our economy is founded.
If they are allowed to proceed with this suit it means the end of business as it is practiced in the USA. It means, among other things, the end of the stock market.
Modern capitalism is based very strongly on the concept of limited liability which means precisely that investors are not responsible for liabilities incurred by the companies they invest in. The companies are, and the investors can lose their investment, but they are not criminally liable for the company's actions (unless they participate directly in those actions) and they are liable only for the amount of their investment.
"It's like investing in a local street gang."
No, it's like investing in Exxon before the Exxon Valdez or in Union Carbide before Bhopal. You can lose your investment. To suggest that it go any further undermines every principle upon which our economy is founded.
