Aug. 10, 2022
August 10, 2022 I cant appeal to your humanity in terms of the pension request as you, who are responsible for the financial well being of millions, probably wont be needing it when you retire. But, consider this. Imagine an act of god destroys your two summer homes and lays waste to your twelve rental properties. You file a claim with your insurance provider and they send you a letter, thanking you for being a valued customer, with a check for $13,462.12. You were given this because that is all they could afford. That was all they could afford because the entire industry was put at risk. When any organization is requiring more and more borrowed funds with each passing year, it is a sign of that organizations imminent failure. Would you not apply that same metric to a company when valuing their stock? Why would you expand the failure to include a more broad spectrum when a wall can be built to contain it to the failing party. So often have we aimed to save the failures in todays society they are no t allowed to wither away and be replaced by something better. We are so dominated by the too big to fail idea that it is clearly being taken advantage of, and here, with this proposal, they are asking you to allow millions more to suffer if they fail. You know the markets. You know the current technology in the hands of the Market Makers, hedge funds, and retail outpace the accountability practices of the governing authorities. You know the desire to sell what isnt there wont be limited to realistic capacity between them. The clearing houses failure isnt a risk in the present state, its a certainty. Im begging you, please build that wall. Please dont do this to us.