[Vision2020] Federal corporate oversight (was: Supreme Court Decision)

[Kenneth Marcy]

On Tuesday 26 January 2010 11:11:02 Art Deco wrote:
> It is also time to seriously rethink and to alter the longstanding
> laws that shield individual corporate members from criminal and
> civil liability resulting from corporate acts.

I agree that reconsideration of these and other, probably inextricably 
linked, issues is an overdue, but very large, undertaking.

This subject gets complicated quickly. Corporations are creatures of 
individual American states, yet they often have effects nationally 
and internationally. Regulating, even coordinating regulation, among 
state and federal jurisdictions becomes an industry unto itself. So, 
any proposed reform would need clearance through many jurisdictions 
and undoubtedly would be a long time in formulation and approval.

Even the limited idea of creating a national blue-ribbon commission to 
study the range of related problems, and then to create a list of 
suggested solutions, would undoubtedly be contentiously received. 
Nonetheless, you are correct that a start must be made somewhere, 
whether within individual states concerning corporations chartered 
within them, or at the national level, where attention is required.

I look at this huge complex of problems and see something akin to the 
maze of organizations attempting to gather intelligence for various 
purposes within the federal government. There are so many TLA (three 
letter acronym) organizations that another one had to be created just 
to coordinate the alphabet zoo.

Notwithstanding that, perhaps a similar approach is needed for federal 
coordination of corporate information gathering, analysis, and 
possible regulatory response to various types of corporate behavior. 
Yes, yet another executive agency to coordinate information among 
existing agencies to achieve better federal executive and public 
understanding of the activities of the massive economic entities that 
are the monopolies and oligopolies of our daily lives.

> I have had extensive experience here.
>
> I can assure you that corporate laws are used to allow without
> consequences to the individuals  criminal acts and torts of the
> incorporators and members acting under the guise of the
> corporation.  This goes for so-called religious associations also
> which are also protected under the same kind of corporate shield
> laws.

For any particular situation about which you are aware I suppose you 
are sharing the details of such knowledge with one or more of the 
United States Attorneys with geographical jurisdiction. If they are 
not willing to act, for whatever combination of reasons, then at 
least continuing to gather information and evidence until such time 
as a willing U.S. Attorney, or the next Jeffersonian revolution, 
which ever comes first, is able to use the information productively 
remains a valuable expenditure of time and energy toward justice.


Ken