Quote:
Originally Posted by dude1984
Something needs to happen, but class action lawsuits are stupid. The only ones that profit are the lawyers of the lawsuit. I'd rather see them overwhelmed with thousands of individual lawsuits.
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I can go for either one, I want to see the PENALTY assessed against these Executives and their ENTIRE EXECUTIVE TEAM, AND THE BOARD OF DIRECTORS.
IF there is a Class Action, I'd like to see special rules for them to include a REDUCTION OF ATTORNEY FEE'S, strong and stern stipulation with caps set on billing habit and practices, where they also can have these cases either directed to Firms or what ever it takes, to ensure they don't stall out the system trying to inflate Attorney %'s. No more of this standard 30% plus additional fees. they get a flat 10% including the cost of fees !
We MUST fix our systems and the only way to maintain a capitalistic system, is to
eliminate economic treasonous acts by the drive of avarice and greed.
We only need to lock up a few with the $100 million for
Each named individual, and the rest will get the message, and if we need to go up on the $ amount of penalty, to included assessed punitive damages imposed upon each, then we can get their attention. When these penalties are assessed, there is a 6-9 month window to pay it, and then Immediate Asset Forfeiture is engaged. If they try to bury assets, then the fact is once the charge is made, each person has to declare their full list of Assets, and any assets found to be connected to them of which they did not claim, will be subject to "automatic" forfeiture for Fraud and Attempts to Commit Fraud.
We can use our same Legal System to stop the abuse of the Legal system by the Attorneys who engage in this theft by "processed graft through constructive fraudulent habit and practice"
Our Society is far smarter than it use to be, and we need to begin to use those smarts to rectify the system and protect the industry within America and its people.
We need to protect people who create business, and want to utilize the stock market as a means to gain resource for STABILITY, RESEARCH AND DEVELOPMENT AND MANAGED GROWTH. We do that by putting controls on who is and what is a Board Member, No CEO can Sit on Any Board of Any Company, No company President can sit on the Board of any Company, and No CEO can be Chairman of any Board.
We need to change the Fiduciary Focus of CEO's, no more dedication to Stock Holders, the Dedication is to Running and Overseeing a quality standards functioning and performing company, not making decision based on a Stock Ticker. All Decision will be based on ACTUAL PRODUCTION AND ACTUAL SALES.... "PERIOD".
The stock market is full of speculators, therefore, if we limit the amount of % a company can make Public, then those who invest and play speculation do so at their own risk. The base value of the stock will be determined by the ACTUAL PERFORMANCE OF THE COMPANY, not what speculator drive up the fiction, and claim a company can trade at 300 times its ability to produce and sell.
The stock market
was not set up to be a Casino,
if people want to play Casino games, then go to a Casino, the Stock Market was set up for LONG TERM INVESTORS. We can further regulate this by imposing a Capital Gain Tax Increase on Day Traders. We also can put terms on how long an investor must hold a stock as a minimum, this will rule out the stock flippers, who do nothing but bleed off the stock and at the same time, feed the fantasy delusions of the Speculators.
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We need to have and use our voice- for change
if it were a free market product it would have been brought to the market and developed with private money and it would not exist in a govt created monopoly absent competition