Speaking as someone who works in the financial services industry, I am cackling with glee at what is
Speaking as someone who works in the financial services industry, I am cackling with glee at what is happening to these hedge funds. As far as I’m concerned, the kind of shit hedge funds get up to with options and short-selling is literally gambling with people’s lives. I hope these assholes lose everything.Also, rather than regulating a subreddit, how about fixing how we regulate the stock market to make hedge behavior and day trading either illegal or such a pain in the ass that no one wants to do it any more? If used with true fiscal conservatism (not the “don’t tax me, bro” shit that people label as conservative), the stock market can earn money and encourage growth at a reasonable, healthy, and sustainable rate. You can get rich, but you can’t get rich quickly. The stuff we call ‘growth’ these days is closer to cancer with the way it grows uncontrollably and decimates everything in its path. -- source link
#finance