Should the ways the law treat corporations... (Congress, government, banks)

[ellemint]

Originally Posted by Greatday

No.

There is no reason to do so.

There is EVERY reason to restructure at least the regulatory laws for the banks and financial industry, unless you want the taxpayers to fund another multi-trillion bailout of greedy banking criminals. Or until the next carefully calculated bubble blows up in our faces.

[Greatday]

Originally Posted by ellemint

There is EVERY reason to restructure at least the regulatory laws for the banks and financial industry,

Well, which is it? Corporations or banks you want to change?

[Randomstudent]

Yes particularly in the duties of boards of directors to shareholders/the corporation itself.

[ellemint]

Originally Posted by Greatday

Well, which is it? Corporations or banks you want to change?

Both. Any and all corporate shysters and white-collar criminals.

[TheHurricaneKid]

Originally Posted by Greatday

Well, which is it? Corporations or banks you want to change?

Eh, it can be both, though banks are the biggest offenders in terms of economic damage.


...This thread was started to address physical and environmental damage, such as the factory explosion in West, Texas.

[ellemint]

Originally Posted by TheHurricaneKid

Eh, it can be both, though banks are the biggest offenders in terms of economic damage.


...This thread was started to address physical and environmental damage, such as the factory explosion in West, Texas.

Oh OK.

Well, many economists have argued that by allowing companies to degrade and damage the environment (and the people in it) without having to pay for it, the public is in effect giving those industries massive subsidies.

The heads of BP oil going to prison for the substandard safety procedures they used in the Gulf area---they should serve time in prison. But of course they won't.

In our society the biggest crooks (private and government) are at the top of the food chain, not the bottom.

[pknopp]

Originally Posted by ellemint

There is EVERY reason to restructure at least the regulatory laws for the banks and financial industry, unless you want the taxpayers to fund another multi-trillion bailout of greedy banking criminals. Or until the next carefully calculated bubble blows up in our faces.

This goes back to the old saying about rearranging the deck chairs on the Titanic. Once again, what good are new laws when the government doesn't enforce the old ones?

[pknopp]

Originally Posted by TheHurricaneKid

Eh, it can be both, though banks are the biggest offenders in terms of economic damage.


...This thread was started to address physical and environmental damage, such as the factory explosion in West, Texas.

Wasn't there stories about how that factory hadn't been inspected in years?

[TheHurricaneKid]

Originally Posted by pknopp

Wasn't there stories about how that factory hadn't been inspected in years?

While the factory wasn't inspected, corporations should still be aware of safety rules. To neglect safety, well, that's bloody murder.

[ellemint]

O.K.---let's review what you didn't know and when you didn't know it.


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