Aug. 10, 2022
August 10, 2022 I am not in favor of SR-OCC-2022-803 as it heavily favors institutional investors to repeatedly commit bad investments at the tax payers expense. Let the Clearing Members sell and liquidate their assets in an event of a default. There's no point to protect them from their own mistakes. Passing on debt to the tax payers has happened before. And it will happen again if you allow them to be bailed out.