Aug. 01, 2022
August 1, 2022 Just a quick comment in opposition to this rule. If bad bets are made in the derivatives market it makes NO sense to me why pension and institutional funds should be accessed to provide liquidity to pay off those bad bets. Liquidation of the organizations who have placed these bad bets should be first and foremost, and the market organization itself should then follow. If the market itself can not afford to cover these bets they should not accept the bet. If I were to go to the horse races, or to Las Vegas and win against the house I would never expect the pension fund I have been paying into my entire working career to pay me out. The casino pays. Same thing for the markets, or are you saying that Las Vegas is more upstanding than people accepting bets on the world economy? In short: opposed. ",