Singer is no different than Romney and Bain Capital. They are disgusting people. The worst side of capitalism. Ruining companies and lives. This is the risk of selling shares that every public company takes.
These kind of people are responsible for discrediting capitalism, and they’re a big part of the reason we’re rapidly moving towards socialism. I’m all for private industry, but this kind of bullshit doesn’t create anything. The practices of guys like Romney and Singer are only destructive, and we actually need new laws to prevent this stuff from happening. I don’t know if Trump is the guy to get the ball rolling, but the next guy has to.
Singer is no different than Romney and Bain Capital. They are disgusting people. The worst side of capitalism. Ruining companies and lives. This is the risk of selling shares that every public company takes.
These kind of people are responsible for discrediting capitalism, and they’re a big part of the reason we’re rapidly moving towards socialism. I’m all for private industry, but this kind of bullshit doesn’t create anything. The practices of guys like Romney and Singer are only destructive, and we actually need new laws to prevent this stuff from happening. I don’t know if Trump is the guy to get the ball rolling, but the next guy has to.
Yup, issue is this is not about capitalism as such, it's just predatory dealing that should (and is almost everywhere) illegal.
I have the same issue with the legality of share shorting, I can see no reason to allow it legally.