Because they never really owned the company but paid money for ownership; it means Financial Fraud.
Lets try this again.
Ownership of a company was sold to shareholders. The company went bankrupt. The company continued to operate in business. The owners don't own the company anymore because new owners own the company. The first owners never really owned the company did they otherwise they would still own the company because that is what is implied in ownership! You buy something; you own it.
Now you buy something and own it. Someone gives money to that company in any amount perhaps too much perhaps not enough. They can't pay them back that money. You no longer own the company the people that gave them the money do. At which point they offer to sell their new ownership in the company to you again. You buy it. Then they give the company more money.
It just seems like ownership has to mean more than that. Ownership means more than that!
So what should we really end up owning to make this legitimate? Every U.S. Citizen should own 1 share of this countries "bank" Why? It circumvents the above from happening. Along with that there has to be salary caps.
That whole balancing act whereby owners end up without ownership needs to be rooted from our country.
I want to say that the above happening is an Illegal Seizure of your money that the Constitution should have been asserted to prevent from happening!
Anomalous business entities and bad financial decisions.
So a baseball team is locked into a 100 million dollar contract. And the radio announcers are commenting that player should be traded. The public paid for the stadium. That is 1/10 of a Billion dollars. What am I getting at? People should not be allowed to play with the publics money in that manner. I will just use the words irresponsible fiasco and shame!
Thomas Paul Murphy
Originally published on 06 14 2015 at: www.themilwaukeeandwisconsinnews.blogspot.com