quote:Any CEO or money manager on WallStreet convicted of fraud should be personally liable to the population as a whole. Meaning, we should be able to sue for our individual losses and reclaim them.
This, by the way, is a good way to illustrate where I split from so many people. Good, honest people often favor more laws because they believe those laws will make the world better. They don't think about the consequences of additional burdensome red tape. In almost all of these cases, simply removing an existing government regulation would suffice. In your example, all you're really saying is that limited liability goes too far in protecting the wealth of those who cause problems. I agree - no new law needed, just get rid of limited liability.