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Well, the line between bad business decisions and criminal behavior is not that thin in this situation. I'm not an expert on this financial crisis, but here we
by gere 13y ago
Well, the line between bad business decisions and criminal behavior is not that thin in this situation. I'm not an expert on this financial crisis, but here we are talking about hiding the truth to investors and the general public, and make someone else pay for your riksy decisions. Those are not "bad business decisions".
- rayiner 13y agoWhat do you mean by "hiding the truth"? If I think Facebook stock is going to go to shit, should I tell you that before I sell you my shares? If I'm the CEO of Apple or Wal-Mart or Amazon, should I be held criminally liable for contracting to aggressively shift risk from myself to suppliers? The line between aggressive business decisions and criminal ones can be a thin one. Financial crimes are in fact a relatively new invention. Did you know that at common law, embezzlement wasn't a crime? It took a long time for the law to come to terms with the idea that there should be anything illegal about doing something with money someone voluntarily gave to you.
- deleted 13y ago[deleted]