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we watched them change the rules in the US to force indexers to provide exit liquidity for the spacex IPO blunder via your dad's 401k. capturing the regulators
by ratelimitsteve 2mo ago
we watched them change the rules in the US to force indexers to provide exit liquidity for the spacex IPO blunder via your dad's 401k. capturing the regulators is just part of what finance does.
- lotsofpulp 2mo agoWho is we and them? 1 index chose to change the rules, Nasdaq 100, and it’s in less than 1% of retirement funds.
- ratelimitsteve 2mo agothem is nasdaq and we is us. you know this, i can tell because you said it right after you asked me.
- lotsofpulp 2mo agoThe point is "them" was just 1 entity, and the affected "we" is a very small portion of the population who knowingly gambled on a risky index. So...nothing really happened.