Feb. 7, 2024
What is the point of having clearing member collateral if the OCC is not going to use it?! Instead they want to use pension funds and insurance to cover their members losses so they won't have to give up their precious assets!!! Bad investments and bets have been obviously made and there is no punishment for these bad financial decisions, they just get to rob the populace so they get to keep their toys and continue on with what appears to be a naked shorting scam. This rule needs to be quashed and the people responsible for the current market conditions need to lose their assets to pay for their bad investments. -- It's not the games we play that show our humanity, it's the way we play them.