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moniss

(6,258 posts)
1. Many are
Thu Nov 17, 2022, 01:44 PM
Nov 2022

already trying to trot out the excuse "no one could have known". Our system is such that people are able to create the appearance of a company and one that might have some undefinable something at some undetermined date and in the meantime use Rube Goldberg legal structuring to allow them to drain millions for themselves and to retain most of it even if there are some minor "penalties" along the way. Remember when all you had to do was incorporate and put .net after the name of the company and in no time at all CNBC would have you on in the morning talking about your "some day service/approach" and, despite having no sales and little else other than debt, by the afternoon your previously barely a $1.00 stock was now skyrocketing and you were rich? CNBC took off also and you have to wonder if a few talking heads made some money too. Then the bubble burst and CNBC and the rest all expressed surprise. Lather,rinse, repeat.

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