4 ms·

Why do you want to arrest grandma for owning Enron stock?

• calvinmorrison 1y ago
  I certainly do. The stock market would have fewer bubbles if risks were born by the owners!
• ruined 1y ago
  if LLCs didn't exist, clearly the stock market would operate differently would Enron have been Enron if it wasn't an LLC?
  • immibis 1y ago
    Enron (like all publicly traded US companies) was a C-Corp, but that's a technicality.
    • ruined 1y ago
      a c-corp is an llc
• jMyles 1y ago
  Clearly the system by which "grandma" owns a small part of a criminal organization is flawed. Whether criminal liability needs to flow to individual owners I don't know, but I'm sure someone has done the thinking here about how to make this less insane.
• dimal 1y ago
  Large shareholders are very different than grandma owning a few shares or even a few hundred shares. If criminal risk was priced into the stock, our society would look very different.