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> Goliath is made of pension funds money Well let's assume that's true (it's not). The logical implication would be that Plotkin is shorting video game develo
by totalZero 6y ago
> Goliath is made of pension funds money
Well let's assume that's true (it's not).
The logical implication would be that Plotkin is shorting video game developers and retailers with pensioners' money.
The only practical way for market forces to disincentivize that kind of irresponsible and unsuitable risk-taking would be for him to publicly suffer losses.
If that happens, the pension funds withdraw their money.
If they withdraw their money, Plotkin's take-home pay and social status diminish.
So as they say, all roads lead to Rome. No matter where his trading assets came from, he suffers personal financial consequences from the loss and the resulting fallout.
- AzzieElbab 6y agoThey will have to sell their long bets to cover loses on shorts. The financial system is incredibly interconnected, no one knows what happens when 12b fund goes out of business and how that escalates up. Just like during the housing crash- bad mortgage- bad tranche - bad MBS - bad synthetics- bad insurance. I wouldn’t be too worried about one year take home pay and social status.
- juanuys 6y agoAnd the tax payer bails him out?