RE:RE:No bites at this fishing hole!The first step to restructure the stock market rules is the short selling issue.
My upbringing tells me that selling something that doesn't belong to you is wrong.
When it is done by big money and deep pockets then it is too easy to gang up and manipulate the story and it is the small retail investors that can't, shouldn't or won't play the same game that get taken to the cleaners.
Sadly, big money and the banker and broker crowd have figured out all kinds of ways to get their renumeration boosted with this type of creative investment deals.
Shares of a company need to be above reproach and manipulation but it seems there is too much money to be had by the 2% ers by creating all of these complicated deals and selling stock that they don't own.
The little retail investors can't afford to play that game for fear of losing their equity by chicanery and manipulation of the marketmakers who relentlessly take the shareprice of a stock wherever it suits their story.
SEC is a toothless dog that has forsaken their true purpose of enforcing order in the markets and may even be beneficiaries of the proceeds of this kind of behavior.
It goes right to the top when your major banks and brokerage houses get a slap on the wrist and a small fine for breaking the rules or wrongdoing, only to repeat it until the next time as though it is business as normal.
A little piece of the action kicked back to keep things this way goes right to the top ie: The Bidens and a percentage for the "Big Guy" and the fact that SVB and others are in trouble and need to be bailed out by government or have arrangements inspired by politics for the more solvent banksters to share the load of their indescretions caused by greed.
Compound that with this renumeration at all costs for top level people who have failed but still expect bonus renumeration or golden handshakes for poor performance or rule breaking.
That SVB deal where management rushed to get the bonuses out before the executors showed up to fix their indescretions or outright criminal activities that got them in trouble in the first place.
There is too much money in it such that these azzholes will foresake their honour for a dollar. Kind of like the oldest profession in the world.
SEC needs more help! They also need a simple, clearly defined set of laws and policy that also educates the people involved as to what is right and wrong, because they clearly don't understand that. SEC needs independant scrutiny and an ombudsmen for the little guys like us to get some real, actionable solutions that are commensurate with our stations in life (affordable for the little guys) such that not being able to retain a barrage of lawyers won't affect the fairness of the decision.
I think the Japanese call it saving face where they will take themselves out when they dishonour their family and loved ones. Maybe that is a little harsh but the little guy wants some fairplay and not foreplay to get the stockmarket back to a fair and level playing field for everybody, not just the rich guys!
glta and dyodd