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> If the law would be as such and be upheld, everyone would start making damm sure the companies they invest in are trying their hardest to adhere to the law S
by scarface_74 2y ago
> If the law would be as such and be upheld, everyone would start making damm sure the companies they invest in are trying their hardest to adhere to the law
So everyone in the US is going to do due diligence on all 500 companies in the S&P 500?
Also you act as if the majority of Americans care about the law or ethics? You do remember the election we just had don’t you? The support that the majority has for 1500 criminals who just got pardoned?
- pclmulqdq 2y agoNo, just Fidelity and Vanguard (and S&P themselves) have to do due diligence for this sort of thing. In reality though, if $100 billion fines were on the table for companies like uber, that diligence would be priced into the stock and it would be far more effective.
- JumpCrisscross 2y ago> just Fidelity and Vanguard (and S&P themselves) have to do due diligence You're proposing bankrupting millions of Americans' retirements because Uber didn't follow local taxi rules? > if $100 billion fines were on the table for companies like uber, that diligence would be priced into the stock and it would be far more effective Yes. Again, we're re-inventing massive fines.
- __MatrixMan__ 2y agoI don't think that scratches the itch. The point is to hold people personally responsible for what their money is doing. Mutual funds should be risky business because they obfuscate important details from the person who's making the decision--that's not a recipe for markets that work well.