I’d add that this manipulation (naked short selling) probably amounts to trillions of dollars and makes Minn. / Cali. type of fraud pale in comparison, as massive as those frauds are.
Problem is (to date), ‘small’ billions in fines aren’t much of a disincentive. E.G. JPM spoofing silver a while back and the 2008 crisis = bank consolidation and bail outs that really only benefited the big banks. They wiped out competition, gained market share and industry consolidation, all to enact more crime. It has to stop. Hopefully will!
100% agree.
I’d add that this manipulation (naked short selling) probably amounts to trillions of dollars and makes Minn. / Cali. type of fraud pale in comparison, as massive as those frauds are.
Problem is (to date), ‘small’ billions in fines aren’t much of a disincentive. E.G. JPM spoofing silver a while back and the 2008 crisis = bank consolidation and bail outs that really only benefited the big banks. They wiped out competition, gained market share and industry consolidation, all to enact more crime. It has to stop. Hopefully will!
Not trolling, you meant JPM?
Yessir - edited 😀