July 24, 2023
To whom it may concern,
My question is this: what's in the swaps? Security based swaps are dealt completely in the dark. The public has a right to know the inner workings of our financial markets, or the world is doomed to experience 2008 all over again. What do our financial institutions have to hide in these swaps when they are pushing for zero reporting on Security-based swap positions? Swaps played a pivotal role in the Great Recession 15 years ago. How are we going to prevent fraud as a country when our regulatory agencies allow American markets to operate unreported?
Enough is enough. A market with no accountability is a rigged market, and the rigging is wrought by the very financial institutions that are pushing for less transparency. Corruption has festered in the American financial industry, and the blatant lack of transparency from our financial institutions is indicative of this fact. Hedge funds, family offices, big banks, market makers, the overall parasitic sector, and its lobbyists operate as if America is a lawless land. Negligible fines have become the cost of doing business, cultivating an environment overrun by frauds and grifters. That is not a free market, That is a rigged market, and America is rapidly declining into a system of communism disguised as capitalism if the ultra wealthy are left to control all aspects of money.
I will not kowtow to a bunch of money grubbers that would rather see this country burn than to lose their money and power, and neither should you.
Thank you for your service as a regulatory agency of the United States Government. God Bless America, and may justice ring true throughout.