40 Devin Nunes with another letter to Congress regarding stock market manipulation, this time targeting clearing houses! 💥💥💥 (truthsocial.com) posted 128 days ago by bojackjohnson 128 days ago by bojackjohnson +40 / -0 4 comments share 4 comments share save hide report block hide replies
what exactly is a clearing house? can any friendly frogs explain to a tard please :)
“A clearinghouse is a designated intermediary between a buyer and seller in a financial market. The clearinghouse validates and finalizes the transaction, ensuring that both the buyer and the seller honor their contractual obligations.” Basically Devin wants the records from the clearing houses to make sure any and all short sales are legit. https://www.investopedia.com/terms/c/clearinghouse.asp#:~:text=A%20clearinghouse%20is%20a%20designated,seller%20honor%20their%20contractual%20obligations.