freech
Joined 9 years ago
Joined 9 years ago
This is such a teriffic argument. The mafia also employs people. If a company that employs people that earns money with fraud, not by doing anything productive goes bankrupt, that just means that those people will now have to work for a company that does do something productive, which is a good thing.
Preventing stuff like this is essential to a working stock market. How can anyone invest in any company, if he has to fear that the companies assets he supposedly owns a share of, are given away in exchange for buying stock, so that the managers can get a bonus for the rising stock price, instead of the company getting raided and the managers replaced with better ones?
There's no detail about the other cases, but at least in this case it's clear that there's no dichotomy at all between the UK's economic interest, jobs, the free market and ethics, but rather between those things and the upper management of a single company.
> Bankers who manipulate markets ought to be charged, he said, but “simply ratcheting up ever-larger fines that just penalize shareholders, erode capital reserves, and diminish the lending potential of the economy is not, in the end, a long-term answer.”
"penalize shareholders" Shareholders are supposed to invest in sound businesses. There's nothing wrong with them being "penalized" by fines, anymore then there's anything wrong with them being "penalized" if a companies new product fails.
Was this because he sent his coins to a paper wallet that the seller generated for him? I would be impressed if someone had actually managed to produce a fake trezor, but even then, it's pretty straightforward not to buy them on ebay.
What's the point of having nuclear weapons and not telling everyone? The entire point of nuclear weapons is to deter attacks.