Jason Gorman2d ago
New rule: if your for-profit company is "too big to fail", you get nationalised, not bailed out.
Show threadDavid Chisnall (*Now with 50% more sarcasm!*)19h ago

@jasongorman

If such a company is going to fail, the nationalisation process should be:

  • All senior leadership are fired, immediately.
  • All board members are banned from holding board memberships for the next 10 years (maybe longer).
  • Share price is set to zero.
  • All debts default. If you loaned money without doing due diligence then you lose it. If this causes a bank to become insolvent, proceed from step 1 with respect to that bank.
  • Any money executives made from dividends or stock sales in the preceding 5 years is considered to be potentially the proceeds of fraud and investigated as such.

Can we start with Thames Water please?

Show threadRobert Pluim 🇪🇺
@david_chisnall @jasongorman Plus the execs get put in prison, no bail, pending trial. After all, by definition they will have enough money to be a flight risk. Any government members involved are banned from holding public office forever.
Mar 21 at 9:51pmTusky