Comment by cpburns2009
10 days ago
That would make everyone who has a 401K, IRA, mutual fund, ETF or stocks liable for every action made by the companies invested in. That would be insane.
10 days ago
That would make everyone who has a 401K, IRA, mutual fund, ETF or stocks liable for every action made by the companies invested in. That would be insane.
I am not making a judgement call, merely describing what the GP meant.
I do believe it is not as clear cut though — taking it to an extreme, imagine you directly invested in Epstein's sexual abuse business but only as minority owner. Should you be held liable or not? Now let's extend that to a pyramid scheme lending business. Or a company using child labour? When can we claim immunity and when not?