Aug. 18, 2022
As a shareholder and concerned citizen, I STRONGLY object to this proposal (see relevant section in italics below). The last thing we need is putting pension funds at risk to bail out these criminals on Wall St when their high risk bets go south. Let them bail themselves out, you MUST NOT compromise the savings and retirement accounts of working class Americans to once again aid the wealthy and entitled. This needs to stop NOW! Do the right thing for once. Link to full SR-OCC-2022-803 here: Notice of Filing of Advance Notice Related to an Expansion of The Options Clearing Corporation's Non-Bank Liquidity Facility Program as Part of Its Overall Liquidity Plan (sec.gov) The Non Bank Liquidity Facility program reduces the concentration of OCC’s counterparty exposure with respect to its overall liquidity plan by diversifying its base of liquidity providers among banks and non-bank, non-Clearing Member institutional investors, such as pension funds or insurance companies.