But the DTCC has no authority to force any settlements outside of the US.
Also if Wallstreet flips the board like that, the rest of the world will abandon the US stock market. The US government definitely doesnt want that happening.
The federal government have everything to gain by letting it play out and making them payout in full. They get to retain global confidence in the NYSE, and then sit back and collect billlions in income tax from retail investors.
If you browse superstonk long enough you start to realize there are millions of retail investors now from every coner of the globe that allows investing in the NYSE.
I dont see how a US agency can come up with a one size fits all settlement and enforce it on the entire rest of the globe.
Shitadel certainly seems determined to dig this hole all the way to China.
Related note: Did you see Trumpos recent statement about how we should be chasing China for "trillions of dollars" in damages caused by their role in covid lockdowns? (paraphrasing here)
But the DTCC has no authority to force any settlements outside of the US.
Also if Wallstreet flips the board like that, the rest of the world will abandon the US stock market. The US government definitely doesnt want that happening.
The federal government have everything to gain by letting it play out and making them payout in full. They get to retain global confidence in the NYSE, and then sit back and collect billlions in income tax from retail investors.
Because the only other option is stick capital in Chinese markets.
If that happens, then we'll all need to learn Mandarin and enjoy fish head stew as a treat, 'cause bug burgers will be our normal ration, comrades.
If you browse superstonk long enough you start to realize there are millions of retail investors now from every coner of the globe that allows investing in the NYSE.
I dont see how a US agency can come up with a one size fits all settlement and enforce it on the entire rest of the globe.
Shitadel certainly seems determined to dig this hole all the way to China.
Related note: Did you see Trumpos recent statement about how we should be chasing China for "trillions of dollars" in damages caused by their role in covid lockdowns? (paraphrasing here)