Aug. 10, 2022
August 10, 2022 A man walks into a legal horse racing event and places a well researched bet with more money than he can afford to risk on a sure fire winning stallion. But the horse doesnt win and he suspects he is now in over his headhe fears he is going to have to sell his investments to compensate for the money he lost Fortunately he gets a great idea to not have to accept the consequences of his actions, ideally just the rewards of his successeskind of like privatizing his winnings and socializing his losses. So To now manage his mismanaged allocation of funds resulting in this members default, he appeals to use the hard earned investments of anyone other than him to pay for his bad bets, though again he wouldnt share them with these same people if he won. No, he plans to use 8-5 slow to no savings in the face of true cost to capital multi decade workers and savers slow drip pension funds to pay for his gambling habits. I mean most professional investors cant even outperform the SPthis isnt HI S fault after all The board hears his appeal, and just before they are about to blindly approve his plea for help due to lack of compelling debate here on some obscure, silent message board in the corner of the internet that believes it should decide the future of national funds allocation for means other than where the original depositors intended itprotecting investors is their goal after alla strike of consciousness rushes over the council. Maybe, JUST MAYBE, using the savings of future retirees who will live in a more expensive world than that during which they saved to pay the bad bet one man made WHEN HE HAS ASSETS HE CAN SELL TO SAVE HIMSELF might be wrong. Maybe... The markets are volatile, he said. Selling his own assets to manage his default would be are on him, he said. I dont know, they say. This is a hard decision to make, they say. What even do average Americans have to do when they are facing loan default due to unforeseen economic hardship, they wonder This is a fraudulent and dangerous request, and worse still that public comment is required to attempt to highlight it.