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Raise your hand if you've read Atlas Shrugged. Now, raise your hand if you're read in on administrative law (i.e. Basically, any of the 200+ Fed agencies can m
by LexBrosner 8y ago
Raise your hand if you've read Atlas Shrugged. Now, raise your hand if you're read in on administrative law (i.e. Basically, any of the 200+ Fed agencies can make up rules, at will. I know, it's obsured). Well, Administrative Laws (made up rules) are enforced as black letter "law," including asset forfeiture and imprisonment (Worse, 70+ Fed agencies are armed and many have SWAT Teams).
It saddens me to see how many of you assume, apparently w/o question, that buerocrates at the SEC could and should, at will, use their made up rules to excommunicate or jail the founder and leader of a ground breaking companies.
You say "but, justice is blind." However, enforcement is targeted. Plus, the people I know believe in Elon (No, we're not on a first name basis, the name "Elon" is iconic and doesn't require a last name.) and not Tesla as a company. Without the key innovators and producers, most tech companies would be worthless.
Now, wouldn't it be delightful to watch Elon sell his stake and exit Tesla entirely, just to prove a point? Surely, in a short period of time, even w/ their new golden boy CEO, Tesla would fold; ala Apple Computer, Inc. W/o Steve Jobs. All the short positions could finally win (yea!). After which, Elon could buy back Tesla and take it private. With acts like Sarbanes Oxley and Dodd-Frank, who would want to run a public company?
If you disagree, go found and operate a few successful businesses. Report back in a decade.