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My problem with shorts is that FTDs are not punished. The punishment for a hedge fund, or other large financial firm should be painful. CEO throwing temper tant
by Red_Leaves_Flyy 6y ago
My problem with shorts is that FTDs are not punished. The punishment for a hedge fund, or other large financial firm should be painful. CEO throwing temper tantrums on Bloomberg painful. Not crippling or debilitating, but just painful enough to make these bag holders think about the potential consequences of their actions before they short.
An FTD should have an automatic fine and liquidation event to allow immediate delivery.
When I don't pay my bills my services get cut off and I get fined. Favourably treating company failures differently than consumers is about as anti-capitalist as things can get. This dichotomy is prima facie evidence that the stock market has been designed to be in favor of whoever has the biggest bag of cash/deepest rolodex and against the American people who despite our massive exposure to the markets have virtually no say in their operations nor the individual companies therein.
- ganoushoreilly 6y agoI agree 100%