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I am going to play the "Devil"'s advocate here, let's suppose that the report is true and that the company has committed all sorts of fraud. What would happen t
by curiousgal 4y ago
I am going to play the "Devil"'s advocate here, let's suppose that the report is true and that the company has committed all sorts of fraud. What would happen to the mass of people it employs it it were to go under? I just don't believe that entire families should suffer because the CEO has been lying to investors.
- skybrian 4y agoIf the underlying businesses are valuable then after bankruptcy, the stockholders lose, but the businesses should continue to operate under new owners. This happens all the time. (Hertz is one example.) It doesn’t happen when the whole business was a confidence game, like FTX.
- shapefrog 4y agoIf my criminal fraudulent enterprise collapsing means no more private school for timmy and jane my children, I should be permitted to perpetuate my fraud on others?
- kerpotgh 4y ago[dead]
- snapcaster 4y agoI appreciate the satanic advocacy My response is that this isn't just a "belief" kind of thing where if hindenburg doesn't release the report everything is fine. There is actually a fraud occurring, and when a fraud is occurring that means there is a "hole" like a place where people expect there to be money but there isn't. This means eventually it would have manifested at one point or another, and often the nature of these "holes" is that they become exponentially wider probably meaning the fallout is even more intense the longer it goes on