5 ms·
I see the subletting analogy, but there's a big difference between subletting an apartment over the summer to minimize your losses (usually for ≤ your rent) and
by hospadar 6y ago
I see the subletting analogy, but there's a big difference between subletting an apartment over the summer to minimize your losses (usually for ≤ your rent) and renting all the apartments in manhattan, then subletting them for profit after you corner the market.
The former seems fine, and yah, I guess I do think that the latter should be illegal, because it only benefits some wealthy jerk who can afford to corner a market.
- minitoar 6y agoAgain, it’s not an individual or even one entity doing it. It’s several funds independently doing this.
- sib301 6y agoAnd what if there is coordination? Are you not following the news today at all?
- minitoar 6y agoIf there is coordination among licensed participants, I’m sure we will see some punishments doled out.
- splatcollision 6y agoJust like all those punishments that were doled out in 2008, gotcha.
- kasey_junk 6y agoThe latter likely is illegal. It would depend on the specifics but the SEC enforces market manipulation rules around cornering frequently.