RE:HOW DID REGULATORS NOT KNOW ~2 BILLION SHORT NICKEL SQUEEZE?moneywagon wrote: 1
@mrcashflow What a joke the markets are so rigged in the bankers favor... Responding to the suggestion that it had acted to favor Tsingshan Holding Group Co., whose massive short position was the focus of the nickel market squeeze, the LME said "it had not known about the situation".
There was a movie called Rosalie Goes Shopping released in 1989. A story of a Lady bouncing cheques and living behond her means. There's a line "If you owe the bank $100,000 it's your problem. If you owe $1,000,000, it's theirs".
Apply that to the trading market. If you are short $2million, it's your problem. If you are short $2billion, it's the exchange's problem.