7 ms·
IMO These shorters are doing an enormous service to the economy exposing corruption and malfeasance in (relatively) early stages. If they profit from it, good
by AtlasBarfed 5y ago
IMO These shorters are doing an enormous service to the economy exposing corruption and malfeasance in (relatively) early stages.
If they profit from it, good for them.
Contrast this shorting behavior with massive scale market manipulation done by some multinational powerhouses with strong political connections.
In the absence of any meaningful regulation/enforcement by the FTC/DOJ/SEC/etc, these mechanisms are what the world is left with. Kind of like class action lawsuits, I would prefer a better mechanism, but at least it provides some mechanism to combat these things.