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> Well did they? Also I don't see how a company could do otherwise - the public can never know as much about a company as the company itself. They where not tr
by kls 17y ago
> Well did they? Also I don't see how a company could do otherwise - the public can never know as much about a company as the company itself.
They where not trading their own securities they where engaging in a private agreement among a select group of corporations to round trade a security. Only those in the select group where privy to this information.
> You sound as if corporations stand outside of the law. I don't think that is true today.
In certain aspects they are. They have limited liability which means that a person can act criminally and not have devastating impact on the corporation. While the same action on an individuals part would have total devastation to that entity.
>How did they violate my rights
They violate you rights by engaging in unethical behaviors that put the whole system at risk. Then use their ill gotten gains to exert influence of elected officials who are susceptible to human nature more than virtue. They then lobbied to be given grants of money from the public system that we as a group are indentured to in the future. While just a few years ago (with inside information) lobbied for significant consumer restrictions on debit relief. They took away your right to, with no questions asked, walk away from your debt (while they did just that a year later). A principal that this nation was founded on, The founding laws where very clear on the fact that America would not be a debtors servitude system and that all entities, if they felt it necessary, would be granted amnesty from debt burden. That changed in 2005 on the dawn of the collapse.
So yes, I do blame the corporations for their lobbying as well the politicians share in the blame, but to not view them as incestuously one in the same, is to overlook some blatantly obvious actions on the part of both parties for a mutual gain on there part while the nation picks up the tab.