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View Diary: From West Virginia to Wall Street: Greed shows the need for tough, smart regulation (102 comments)

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  •  Cost of doing business (3+ / 0-)
    Recommended by:
    orlbucfan, Ian Reifowitz, JerryNA

    It's why they want "tort reform," so they can figure out how many people they can afford to harm and stick the line into their annual budget.

    Personal responsibility to the point of jail time is what's called for. Sentences don't even have to be that long—I'd prefer them to be on the shorter side so that there would be less hesitancy to file charges.* Part of the scam of corporations is a shell game of legal and moral responsibility. Hence "limited liability corporation" and shell companies.

    Yes, there are a lot of things that are harder to do in business if the people in it are exposed to more legal liability. That's the point.

    * Of course, sentences for non-business crimes are almost universally far too long in this country.

    Government and laws are the agreement we all make to secure everyone's freedom.

    by Simplify on Sun Jan 26, 2014 at 10:18:43 AM PST

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