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Old 09-01-2011, 02:34 PM
Starwatcher162536 Starwatcher162536 is offline
Join Date: Mar 2009
Location: Houston, TX
Posts: 1,658
Default Re: Booze and Money (Tim Fernholz & Megan McArdle)

I'm not worried the state is not going to have funds to cover something it screws up. I am worried private individuals will make large profits utilizing risky practices that are siphoned off into personal bank accounts leading to dummy-corporations not having the funds to cover something when it gets screwed up. That seems to me most of the point of LLCs and their limited liability.
Six Phases of a Project: (1)Enthusiasm (2)Disillusionment (3)Panic (4)Search for the Guilty (5)Punishment of the Innocent (6)Praise and Honors for the Non-Participants

Last edited by Starwatcher162536; 09-01-2011 at 02:39 PM..
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