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View Diary: This is what happens When 'Corporations become People' -- Real People get tossed aside (17 comments)

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  •  There should be laws and circumstances (3+ / 0-)
    Recommended by:
    cassandracarolina, jamess, marina

    as to when it is appropriate to "pierce the corporate veil" and start prosecuting the boards and chairman, CIO, CFO etc.

    #Occupy Wallstreet - Politicians will not support the movement until it is too big to fail.

    by Sychotic1 on Mon Oct 10, 2011 at 04:27:03 PM PDT

    [ Parent ]

    •  There should be no corporate veil. (2+ / 0-)
      Recommended by:
      cassandracarolina, jamess

      How can there ever be "limited liability" for things like stealing peoples homes? Or massive swindling? (which is the essence of Wall Street's "business."

      •  I think there is a time and place for limited (4+ / 0-)
        Recommended by:
        jamess, marina, OHdog, greengemini

        liability.  for instance, if you placed $100 in stock in a company, you shouldn't be sued for millions of dollars if you aren't in a decision making position in the company.

        On the other hand, if you are in a decision-making capacity, there should not be limited liability for your decisions.

        #Occupy Wallstreet - Politicians will not support the movement until it is too big to fail.

        by Sychotic1 on Mon Oct 10, 2011 at 04:41:59 PM PDT

        [ Parent ]

        •  Agreed. (2+ / 0-)
          Recommended by:
          jamess, Sychotic1

          But to ever be granted corporate charter (that's a privilege granted by We The People), the corporation must accept certain rules—like not cheating, stealing or swindling...for starters.

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