Feb. 8, 2024
To whom it may concern, I vote NO to this rule proposal because it does not help with any form of risk control, it temporarily contains it and adds to it in the long term. During the meme stock craze, short sellers were let off the hook by 20 billion dollars in collateral. This encourages bad behavior! This encourages more people to be living in the risk area because they know they will be saved if they make a bad bet and in turn they will take riskier bets. In your own document, there is an expected 99% shortfall. You should be required to deposit more collateral to lower this expected shortfall amount. A shortfall can be expect but 99% is insanity. Thank you, JT Sours