Great research! Thank you. I also have another waterfall link for you.
The SEC (Securities Exchange Commission) has just passed a rule that increases the amount of money that brokerages need to deposit into the OCC (Options Clearing Corporation) which is an organization that acts as both the issuer and guarantor for options and futures contracts.
Basically the stock market is about to crash and this waterfall provision was put in place to gather money from the brokerages to pay out after all the banks that have made risky bets on margin are margin called and collapse with debt outstanding.
Basically it looks like they are not going to bail out the "too big to fail banks" this time.
TLDR: The stock market is about to crash. The banks and corrupt players are to blame again but this time they won't get bailed out.
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Great research! Thank you. I also have another waterfall link for you.
The SEC (Securities Exchange Commission) has just passed a rule that increases the amount of money that brokerages need to deposit into the OCC (Options Clearing Corporation) which is an organization that acts as both the issuer and guarantor for options and futures contracts.
Here is the link: https://www.federalregister.gov/documents/2021/03/02/2021-04217/self-regulatory-organizations-the-options-clearing-corporation-notice-of-filing-of-proposed-rule
Basically the stock market is about to crash and this waterfall provision was put in place to gather money from the brokerages to pay out after all the banks that have made risky bets on margin are margin called and collapse with debt outstanding.
Basically it looks like they are not going to bail out the "too big to fail banks" this time.
TLDR: The stock market is about to crash. The banks and corrupt players are to blame again but this time they won't get bailed out.