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Originally Posted by valo403
I'm pretty confused on a number of points here.
First, the house cost issue. Not sure where your numbers are coming from, I assume they're just made up for the example, but there's much more to the cost of a home than the materials used to build it. There's land costs, labor costs etc. to factor in. Why would my apartment sell for over $3mil? It has nothing to do with the materials used and everything to do with the location (Manhattan) and the particular dynamics of the market.
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Yes, I understand the dynamics of location. Labour costs are more or less predictable. Isn't Manhattan one of the most expensive places to live? Most places do not have this location/land value issue. Where houses are built today in suburbs isn't the same as an extreme like your place. Also, nice to know I have a place to crash on my next trip to NY.
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Originally Posted by valo403
Second, what happens to all the money when a corporation dies? Well if by dies you mean goes bankrupt it gets paid off to creditors. Where do you suggest it go?
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I'm talking about the 1/4 value that dropped due to deregulation in investing that caused the crash. That 1/4 disappeared into private hands.
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Originally Posted by valo403
Third, why would owners of a corporation (note, a reference to an owner of a corporation could mean a whole deal of things. Are you talking about the board? The CEO? The shareholders?) go to jail because that corporation goes bankrupt? If they did something illegal to cause the failure, then sure, make a case and send them to jail if they're found guilty. Otherwise I don't really see how you justify that.
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Fair enough, I should be more specific. In the investment market over the last decade more money was placed into debt purchases and other empty investments. I posted this info earlier in this thread. I'll do some reading and gather more info in regards to your post. Now, this didn't happen out of the blue. Rules were changed by "suggestions" and bribes "lobbyists" to benefit a specific group "investment bankers" through promises of huge profits. It is here where there needs to be a true investigation. It is here where the "Corporate Bankers" and "law makers" need to answer for their behavior and greed.
Now the guy on the street who bought stock in a business and was not involved in the process above obviously didn't do anything wrong.
I'll post later today or tomorrow with more specifics. I need to finish a project today.