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Subject: Re: Times: Homes at risk as banks seek more security for credit card debt Posted on: Mon, 24 Mar 2008 21:36:12 +0000

On Mon, 24 Mar 2008 14:02:53 +0000 (UTC), M Holmes
wrote:

>I'm opposed to limited liability. Essentially it means that people
>aren't repsonsible for the effects of their actions.

The reason for limited liability is to encourage people to take
entrepreunial risks. If I buy shares in a company and it goes belly
up, why should I have to cough up to meet its debts especially if I am
a mere shareholder and have nothing to do with the management of the
company.

Long Live Limited Liability.

--
Alasdair.