Agreed. The idea that financial engineering is somehow necessary to "promote liquidity" in facilitating the changing of ownership of a business is completely ar

Agreed. The idea that financial engineering is somehow necessary to "promote liquidity" in facilitating the changing of ownership of a business is completely arbitrary, and not inherently good as far as I'm concerned. Sure, rules that make it harder to buy companies might slow down the volume of businesses being created due to less investor interest, but I'm not sure that decline would surpass the slowdown in fradulent exit schemes.