Quote:
Originally Posted by Fat Charlie
I'm a big fan of stocks, of owning shares in a company or in a mutual fund. I'm fine with speculation too.
But the last paragraph of this article has a very important bit of information:
So for every GameStop share out there, 2.6 shares were sold short. What kind of a system, what kind of government-regulated system, lets there be 2.6 shares sold short for every one share that . |
Speculation by its nature WILL ALWAYS lead to fraud.
That is why made up games of short selling and derivatives rationally by their nature aren’t possible to regulate consistently or fruitfully
It’s similar to why glass segal existed , yet we thought we knew better and in short order have had 2 massive economy tearing events in 10 years with another forming 10 years later.
The non-sense in housing right now would have never been possible under glass segal and the government just pouring money at rates unseen to prevent 1999/2009 will only create a larger disparity and crash down the road.
Large swaths of the countries homes/apartments are being bought by a couple bailed out companies which should strike fear in anyone with a brain.