AN ARTIFICIAL PERSON

There is an artificial person, created by law, that is dominating the US  Economy.  This person has no heart, no soul, no conscience and no morals.  He is a complete slave and has been responsible for the greatest economic progress the world has ever seen.

This artifical person has been taken over by CEO's that have absolutely no personal liability for their actions.  As a result, the CEOs have acted without responsibility and have caused  financial diseaser in which millions of hard working, honest people have lost their jobs and their homes.  These CEO's have taken high risk gambles with some making unbelievable fortunes while many of those owning the Artificial Person and those working for the Artifical Person have lost nearly everything.

This practice of gambling with other people's wealth to make a  personal gain led the way for people to use money they didn't have to  make personal purchases they couldn't afford.  Unlike CEO's however, the people do not have the limited personal liability that the arificial person provides, and this irresponsible action brought home foreclosures and bankruptcy  for many.


Clountless numbers of laws and regulations have been enacted to curb the Artificial Person's  actions but they were ineffective because the Artificial Person does not contriol his actions;  his actions are controlled by the CEO who has limited personal liability and there is little motivation for the CEO to change his mode of operation to make that big gain that might come from a high risk gamble.

It is obvious that the way to gain more responsible action from the Artificial Person is to remove the limited liability provision for the CEO and make the CEO responsible for his own actions.  This most likely will reduce the number of huge gains but it  will probably also reduce the number of failures.  This may also result in a reduction of the too big to fail corporations and increase the number of smaller corporations as well as the number of people employed.  It looks like a no bainer.  Remove the limited personal liability for the CEO's that control the Artificial Persons and reduce the number of Artificial Person's failures.