3 ms·

IMHO, If Elon musk were a chinese entrepreneur, the Govt would be more than happy to fund him and allow him to focus on what he is good at, innovate the hell ou

IMHO, If Elon musk were a chinese entrepreneur, the Govt would be more than happy to fund him and allow him to focus on what he is good at, innovate the hell out!!! SEC should answer the American people first on why it failed to hold any bank exec accountable for the worst financial crisis of our time that brought the world to an economic collapse.. double standards ?? https://thehill.com/blogs/pundits-blog/finance/309544-why-have-no-ceos-been-punished-for-the-financial-crisis https://thehill.com/blogs/pundits-blog/finance/309544-why-ha...

blintz 8y ago
Surely the law should apply no matter how “innovative” your company is. Yes, the SEC should also be held responsible for its failure to go after banks, but this is not mutually exclusive with action against Tesla.
- pvelagal 8y ago
  Ok , so you agree that in theory its the same, but in practice it isnt ? Bcoz i havent seen/read/heard anything so far even after a decade that any action is taken or any one under investigation for the 2008 crisis... where as one tweet a few days ago from Elon is enough time to go after him !! Sounds very selective !!! Also, IMHO, just as US govt announced auto bailout in 2008, they should announce one more bail out not just for Tesla but all US auto companies working on next gen innovative tech especially focussed on creating US jobs as the recent tariffs (from all sides) can have -ve impact on US jobs (those building auto plants outside USA) /US consumers. SEC can leave Elon alone with a warning /small fine. They shouldnt be dictating who should be CEO or who shouldnt. Elon is a job creator !!
rst 8y ago
China's had a round over the last few years of prosecutions of big shots, including high-level officers of successful companies, for financial irregularities. See, e.g., https://www.straitstimes.com/asia/east-asia/chinese-tycoons-in-trouble-the-businessmen-who-have-run-afoul-of-president-xi https://www.straitstimes.com/asia/east-asia/chinese-tycoons-... There are complicating factors in figuring out whether any particular person would be a target of this sort of prosecution (in some cases, the real issue is likely failure to toe the Party line) -- but the idea that the Chinese government turns a blind eye toward this sort of thing generally is, at the very least, oversimplified and out of date.

blintz 8y ago

Surely the law should apply no matter how “innovative” your company is. Yes, the SEC should also be held responsible for its failure to go after banks, but this is not mutually exclusive with action against Tesla.

pvelagal 8y ago
Ok , so you agree that in theory its the same, but in practice it isnt ? Bcoz i havent seen/read/heard anything so far even after a decade that any action is taken or any one under investigation for the 2008 crisis... where as one tweet a few days ago from Elon is enough time to go after him !! Sounds very selective !!! Also, IMHO, just as US govt announced auto bailout in 2008, they should announce one more bail out not just for Tesla but all US auto companies working on next gen innovative tech especially focussed on creating US jobs as the recent tariffs (from all sides) can have -ve impact on US jobs (those building auto plants outside USA) /US consumers. SEC can leave Elon alone with a warning /small fine. They shouldnt be dictating who should be CEO or who shouldnt. Elon is a job creator !!

rst 8y ago

China's had a round over the last few years of prosecutions of big shots, including high-level officers of successful companies, for financial irregularities. See, e.g., https://www.straitstimes.com/asia/east-asia/chinese-tycoons-in-trouble-the-businessmen-who-have-run-afoul-of-president-xi https://www.straitstimes.com/asia/east-asia/chinese-tycoons-... There are complicating factors in figuring out whether any particular person would be a target of this sort of prosecution (in some cases, the real issue is likely failure to toe the Party line) -- but the idea that the Chinese government turns a blind eye toward this sort of thing generally is, at the very least, oversimplified and out of date.