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Old 17th Aug 2007, 22:08
  #71 (permalink)  
Re-Heat
 
Join Date: Dec 1999
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Stealing a car is the theft of a good for which another person has paid to own. Morally and legally this is a stark injustice.
Stealing money by planned bankruptcy is theft of a good for which another person, the shareholder, has paid to own. Morally and legally this is stark injustice, and you cannot justify it by the mere fact that the loss is pooled among many shareholders, or arrives back at the individual via the holdings of their pension plan.

Corporates do not own themselves, people do.

Can we no longer persue this utterly foolish suggestion of planned bankruptcy.
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