by markyears » Sat Oct 28, 2017 4:21 pm
I have figured out a way to make infinite money in one day using subsidiaries. I feel that this is a rather serious flaw, it is infinite loan+no liability.
Step 1: Create a subsidiary, and inject all my cash to it (let's call this subsidiary S1). And let S1 take the maximum loan, and create its own subsidiary (called S2), and inject all cash to it... You can do it as many times as you want.
Step 2: Merge your own corp with the last subsidiary. Now you have billions, or trillions!
Step 3 (Optional): Make your direct subsidiary, S1 go to public! And sell all of your stocks of S1 immediately. On the next day, all of S1,S2,S3... go bankruptcy...But who cares, I'm not the chairman of those companies for a long time, oh, since yesterday in fact.
ps: I tried not to do step 3, then all my subsidiaries go bankruptcy, and my own corp also has no liability.
I think all of these steps are illegal or impossible for real-world life (but I do think some capitalists are playing the same game in a much more shady and sophisticated way...) So I suggest more regulations should be added.
I have figured out a way to make infinite money in one day using subsidiaries. I feel that this is a rather serious flaw, it is infinite loan+no liability.
Step 1: Create a subsidiary, and inject all my cash to it (let's call this subsidiary S1). And let S1 take the maximum loan, and create its own subsidiary (called S2), and inject all cash to it... You can do it as many times as you want.
Step 2: Merge your own corp with the last subsidiary. Now you have billions, or trillions!
Step 3 (Optional): Make your direct subsidiary, S1 go to public! And sell all of your stocks of S1 immediately. On the next day, all of S1,S2,S3... go bankruptcy...But who cares, I'm not the chairman of those companies for a long time, oh, since yesterday in fact.
ps: I tried not to do step 3, then all my subsidiaries go bankruptcy, and my own corp also has no liability.
I think all of these steps are illegal or impossible for real-world life (but I do think some capitalists are playing the same game in a much more shady and sophisticated way...) So I suggest more regulations should be added.