Banks hit with $549 million in fines for use of Signal, WhatsApp to evade regulators’ reach::Wells Fargo, a relatively small player on Wall Street, racked up the most fines Tuesday, with a total of $200 million in penalties.

  • Overzeetop@lemmy.world
    link
    fedilink
    English
    arrow-up
    3
    ·
    1 year ago

    Revocation of corporate status. A corporation is a status set out in US law. No corporate status, no legal protection for officers or shareholders. All liability falls personally and directly on the owners.

    • SwingingTheLamp@midwest.social
      link
      fedilink
      English
      arrow-up
      3
      ·
      edit-2
      1 year ago

      Yeah, seriously, why do people forget this so easily? THE GOVERNMENT GRANTS SPECIAL PRIVILEGES TO CORPORATIONS. Any stipulations, limitations, or exceptions are absolutely fair game. Ideally, we grant corporate charters to promote commerce and benefit society. Nobody has a right to a corporate charter, so if a corporation is harming us, we should terminate it like the pregnancy of a Republican’s mistress.