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Why should imposing shareholder liability work any better than removing depositor guarantees in the financial sector? Like depositors in a financial institution, common shareholders don't - indeed can't - have the necessary information to evaluate the internal operation of the firm. So as far as I can tell, all you'd achieve would be to make shareholders more panicky. And it's not like we need to add more instability to share prices...

- Jake

Friends come and go. Enemies accumulate.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Sat May 22nd, 2010 at 06:01:37 AM EST
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