Darrell Issa: “Here in America, we have unlimited and permanent liability. There are cases on the American books where a lathe maker…”

“Here in America, we have unlimited and permanent liability. There are cases on the American books where a lathe maker who made products in the 1930s had to pay for damages caused to a worker in the 1980s. That is not always considered fair, but corporations understand that one of the advantages they get for that pride of having a plaque that says 50 years or even 100 years in business is in fact that they have to have paid off all of their debts, including the ones that have not yet arisen. That kind of obligation is understood here in America and very much understood in Japan. As a matter of fact, it is probably more understood in Japan.”