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That logic runs both ways, you could just as easily say: Well, the short squeeze traders knew the risks - they knew that LME had the legal authority to cancel
by lbarrow 5y ago
That logic runs both ways, you could just as easily say:
Well, the short squeeze traders knew the risks - they knew that LME had the legal authority to cancel trades in extraordinary circumstances, they made the trade anyway and boom that's exactly what happened. They gambled and lost; they have to pay.
- samatman 5y agoThis version has the advantage that it respects the actual rules under which trading is done, rather than inventing a new set of rules which aren't used, as a vehicle of ressentiment.
- daniel-cussen 5y agoWhy do traders need to be insulated from their risk more than everyone else in society?