Thread: Occupy Wall Street

Originally Posted by Latterbach

Do not be concerned viewers of this thread understand the ignorance you are posting against. You message is clear and concise. I say we jail a few CEOs and problems on Wall Street banking will clear up on their own.

Can we start with GE and Golsman Sacs? Then move on to SEIU and the teachers unions?

Originally Posted by timj219

I have never said anything even remotely like that. All I did was point out that the salient characteristic of the corporation is that it shields the shareholder from personal responsibility or liability. I said that the lack of personal responsibility and the difficulty of proving criminality when carried out by a highly organized and powerful entity argue for the restriction of rights and for the limiting of political power of corporations. That's not the same as saying we need to do away with corporations and their liability shield altogether.

Do not be concerned viewers of this thread understand the ignorance you are posting against. You message is clear and concise. I say we jail a few CEOs and Wall Street banking will clear up it's own. Fear is a powerful motivator!

Originally Posted by timj219

I have never said anything even remotely like that. All I did was point out that the salient characteristic of the corporation is that it shields the shareholder from personal responsibility or liability. I said that the lack of personal responsibility and the difficulty of proving criminality when carried out by a highly organized and powerful entity argue for the restriction of rights and for the limiting of political power of corporations. That's not the same as saying we need to do away with corporations and their liability shield altogether.

Well what personal responsibility or liability is a stockholder(shareholder) being shielded from?

Look. Let's say that I have a roofing business. I decide to organize as a Corporation and I will be the sole shareholder. I want to buy a tar kettle, some ladders, a truck, etc. but I don't have the cash. I go to the bank and say "I want a loan for all this stuff and I want it to be in the name of my corporation". At that point they tell me that if I don't sign a personal guarantee I'm SOL. They tell me that because I have no business assets to use as collateral and no history on which to base a lending decision.

On my first job I decide to cut a few corners by using joists and plywood I boosted from an unsecured construction site. I purchased the cheapest asphalt I could find and told the homeowner it was premium and I never sealed any of the vents. The homeowner discovers my cheating and sues me. The judgement rendered is for title to all of my business assets which will be sold at auction. Now the bank wants their money. Since I signed a personal guarantee they take my house. My "corporate protection" is non-existent.

Now, let's say that I'm the CEO of a drug manufacturer. I discover that I can make a lot of money if instead of putting aspirin in bottles I just use Ajax. I sell the product, people take it and they die. After a brief investigation it's discovered that I knew all along that what I was doing was dangerous. I go to jail. Again, my "corporate protection" is gone.

Last example. I own a convenience store and am organized as a corporation. One day a little old lady slips on the the sidewalk in front of my store and breaks her hip. Investigation reveals that she slipped on a banana peel that one of my customers discarded. Since my customer is broke and the city isn't going to pay anything she decides to sue me for $100,000,000. We go to court and a jury decides that since I'm an evil corporation I should actually pay this person $500,000,000. Fortunately for me, I organized as a corporation and if she wants her $500 Million she's going to have to figure out how to do it by selling cigarettes and beer out of the convenience store she now owns while I move off and start a new business that doesn't involve bananas. THAT is where my corporate protection comes in....and it makes all kinds of sense.

Originally Posted by Latterbach

Do not be concerned viewers of this thread understand the ignorance you are posting against. You message is clear and concise. I say we jail a few CEOs and Wall Street banking will clear up it's own. Fear is a powerful motivator!

Jail them for what, as in what are the charges? Or are you now against due process basically just jailing whomever you do not agree with?

Originally Posted by Latterbach

Do not be concerned viewers of this thread understand the ignorance you are posting against. You message is clear and concise. I say we jail a few CEOs and Wall Street banking will clear up it's own. Fear is a powerful motivator!

Originally Posted by Sluggo

Jail them for what, as in what are the charges? Or are you now against due process basically just jailing whomever you do not agree with?

Oh, I don't know, we could start by identifying anyone who made more than a million dollars in 2008, 2009, 2010, or 2011 in the stock markets. Then zero in on the big fish. Again, the Wall Street Bail Out was the biggest stock swindle in American history, and no one went to jail for it.

I must confess, I do like the idea of jailing whomever I disagree with. Where do I go to get this approved? What is 'due process?' If they made over a million in those years, they must have done something illegal. A good old fashioned witch hunt might work, or we could simply ask Congress to do their f*cking job!

Originally Posted by Latterbach

Oh, I don't know, we could start by identifying anyone who made more than a million dollars in 2008, 2009, 2010, or 2011 in the stock markets. Then zero in on the big fish. Again, the Wall Street Bail Out was the biggest stock swindle in American history, and no one went to jail for it.

I must confess, I do like the idea of jailing whomever I disagree with. Where do I go to get this approved? What is 'due process?' If they made over a million in those years, they must have done something illegal. A good old fashioned witch hunt might work, or we could simply ask Congress to do their f*cking job!

And no one could define the crime, which still appears to be the case. Saying "they must have done something illegal" as a basis for jailing someone is beyond insane.

Jealousy is a progressive trait. It is what feed treasonous communism

Originally Posted by thanatos144

Jealousy is a progressive trait. It is what feed treasonous communism

magic words

Originally Posted by Sluggo

And no one could define the crime, which still appears to be the case. Saying "they must have done something illegal" as a basis for jailing someone is beyond insane.

Wrong. These guys could if they were not bought and paid for puppets of Wall Street. Do you ever read or watch news other than on a message board? Try some viable sources of information like The New York Times, Newsweek, or CBS - you will simply be amazed at what reality is!!!

Originally Posted by Latterbach

Wrong. These guys could if they were not bought and paid for puppets of Wall Street. Do you ever read or watch news other than on a message board? Try some viable sources of information like The New York Times, Newsweek, or CBS - you will simply be amazed at what reality is!!!

You mean the CBS that aired a fake story about Bush? The New York Times that ran a fake story about McCain? Or Newsweek, which is owned by Democrat donors? Really, you consider them "viable" news services?

Originally Posted by Latterbach

Oh, I don't know, we could start by identifying anyone who made more than a million dollars in 2008, 2009, 2010, or 2011 in the stock markets. Then zero in on the big fish.

Which by no means identifies a criminal.

Again, the Wall Street Bail Out was the biggest stock swindle in American history, and no one went to jail for it.

Becasue there was no crime committed.

If they made over a million in those years, they must have done something illegal.

Yeah, that's got to be it. :rolleyes:

Originally Posted by Latterbach

Try some viable sources of information like The New York Times, Newsweek, or CBS - you will simply be amazed at what reality is!!!

CBS, Newsweek and The New York Times certainly serve as a good contrast with reality.

Originally Posted by Latterbach

Wrong. These guys could if they were not bought and paid for puppets of Wall Street. Do you ever read or watch news other than on a message board? Try some viable sources of information like The New York Times, Newsweek, or CBS - you will simply be amazed at what reality is!!!

You have yet to define the crime these guys are guilty of (ignoring for a moment that you skipped the step of due process.) Why evade this? If you are so convinced so many should be in jail, name the crime committed. It can't be that difficult... even speculate... make it up... something but name the crime.