Comment

#Breitbart.com's Lee Stranahan Outs Sexual Abuse Victim

105
sagehen7/17/2012 8:40:59 pm PDT

re: #104 Mocking Jay

Okay, I understand why individuals who own corporations aren’t responsible for corporate debt, but why aren’t corporation that own a corporation not responsible for those debts?

Because corporations are people, my friend.

(less snarky answer — because there’s bulkheads between every layer of corporate ownership; you keep them open when the money’s flowing the way you like, and lock them down to keep the debt obligation from also flowing to where the assets already went.)