Forum Post: Insurance that Provides a Cushion for Calculated Risk for Class Action Suits and Government Fines for Illegal Acts?
Posted 2 years ago on Jan. 17, 2013, 8:55 p.m. EST by elf3
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Somewhere out there I bet there is an an insurance policy that corporations can buy that allows them to take calculated illegal risks, that will pay them in the event there is either a class action lawsuit or if they have to pay the government fines. (probably located in Switzerland) hmm Whatever happened to jail time? If corporations are people then they should be punished like people who break the law rather than like a board that broke the law...otherwise their charter to operate should be revoked and they should be DISBANDED.
Take a look at the Wall Street journal today - look at how many fines and class actions are out there...if these don't hurt them because they have insurance to protect themselves, then I ask where is the punishment? What is to prevent them from doing it again and again? Oh yes that's right on us we're all serving "the greater good" of Wall Street. What is that if not communism? They break the law and fraud all over you/, you pay for it with your taxes, collectively we pay millions (and hey we both got bruised a little - course they made millions, but we only lost out individually on what we paid for that faulty product or what comes out of our paychecks, that house you or someone you know lost, or well sometimes yes just our lives, but remember it was only 30 people that got infected with Meningitis from faulty medicine and died ...out of a National population...) "it's all for the economy and that's what is important." Wait what economy is that again? I guess it depends on where you're standing (Like in the unemployment line)
Is it legal to provide insurance that will pay out for repercussions of breaking the law?; Does this insurance exist for Wall Street? If it's legal hell sign me up!!! I'm heading to Wall Street to break into a bank - oh wait that won't work I'd face jail time unlike them. What kind of system is this any way? - Separate laws for "people" - What happened to equal rights under the rule of law ???? Seems like we citizens are being segregated against... doesn't it?
If they can argue corporate personhood - I'm arguing citizen segregation and discrimination (for we surely have separate rules under the law than they do.) Can we be separate and still be equal?