Is it allowed to Share the steam account password?

Nein, but Gabe will never know.

When you complete Steam’s registration process, you create a Steam account ("Account"). Your Account may also include billing information you provide to Valve for the purchase of Subscriptions. You may not reveal, share or otherwise allow others to use your password or Account except as otherwise specifically authorized by Valve. Any use of your Account with your login and/or password is deemed made by you and you are responsible for it and for the security of your computer system. Valve is not responsible for the use of your password and Account or for all of the communication and activity on Steam that results from use of your login name and password. You may not sell or charge others for the right to use your Account, or otherwise transfer your Account, nor may you sell, charge others for the right to use, or transfer any Subscriptions other than if and as expressly permitted by this Agreement (including any Subscription Terms or Rules of Use) or as otherwise specifically permitted by Valve.

http://store.steampowered.com/subscriber_agreement/

Not a good idea. Just no.

I AM GODLIKE

question should be am i willing to take the risk loosing my account if one of my ''friends'' screws up by cheating,hacking or whatever reason steam will find to ban ur account with ;p

Just use family sharing, one can play with steam offline (only singleplayer while the other can play online).

i first thought there is a hidden giveaway...wtf

If wanna get scammed then yes do it.