News for hackers. Stuff that matters.

A comment on U.S. Secretly Halted JPMorgan’s Growth for Years. Parent comment

Re:U.S. Secretly Halted JPMorgan’s Growth for Years by TaylorAlexander on Sunday October 28, 2018 @10:06PM (#18324465)
Makes sense to me. Unpunished crimes could be seen as an existing liability, and something the parent company acquires when they buy the violating company.
[ Parent | on HN ]
Re:U.S. Secretly Halted JPMorgan’s Growth for Years by hnmonkey on Monday October 29, 2018 @01:59AM (#18325363)
I would argue that they in fact are definitely a liability, but one which has been calculated to be worth it if you continue with the acquisition. Just because you buy a company doesn't mean their previous crimes should now magic-wanded away. It would be far too easy to take advantage of that. (If it wasn't clear, I'm agreeing with you 100%)
[ Parent | on HN ]