/biz/ - Business & Finance

>>49286785
/smg/ get in here too, this also fucks all equities and equity futures. Imagine an HFT AI stamping on your ticker's price... forever.

>>49286785
>NOOOOOOO THEY WERE TOTALLY GOING TO PAY ME BILLIONS AND NOT JUST CHANGE THE RULES!!!!!!!!!!!
I can't believe GME schizos unironically believed that.

>>49286785
>>49286821

>As a CCP, NSCC would interpose itself between the securities lender and borrower and become the counterparty to each entity. NSCC would then be obligated to complete the transaction, that is, to return loaned securities to the lender and collateral to the borrower, even if a lender or borrower in an SFT fails to satisfy its obligations, thereby assuming the risk of each entity’s failure to perform to each other.

doesn't this just give short sellers, not just GME but of every other short seller that has failed to deliver a get out of jail free card? if the gov is stepping into save short sellers, doesn't this mean the bear market is artificial and they short sold so much they can't possibly deliver?

>>49286825
They didn't just change the rules, they basically removed any way of keeping score from the game. This is the nuclear option, there is now no organic price discovery in American markets. It's not them stopping MOASS, it's a controlled, silent demolition of the system MOASS would have taken place in. You don't stop a meteor impact by Snappening the solar system, that would be insane, but that's what they did.

>>49286901
>they short sold so much they can't possibly deliver?
Yes. The bear market is real though, it's the insane tech price to earninga comig back to earth. The issue was that the bear market was going to trigger a loss of collateral and automatic, contractual liquidations to save something. Now, the entire market is a sham. That makes things look fine, since valuations will be completely made up. But if something comes along to force actual valuations - literally anything to make investors scared enough to look under the hood - it will be even more of a catastrophe than it's already going to be.

>>49286785
>proposal
>the same as legislation being integrated
>implying doing this wouldn't break the market, ruin foreign finances, and essentially be a big admittance that the market was used as a rigged casino until it could no longer benefit those on the inside
lol it's still happening get fucked fag

>>49286785
the SEC just anally raped 4chan. What are you gonna do about it goy?

>>49287053
>For the reasons discussed below,
the Commission is approving the proposed rule change.
It's unironically over

>>49287284
hey goy if it's over why are the borrow rates at this fee%

>>49287036
>The bear market is real though, it's the insane tech price to earninga comig back to earth.

the 2 aren't mutually exclusive, to my way of thinking they are coinciding in a way and time frame that makes the NSCC and SEC very nervous about the coming months. yes tech has always been (periodically) overvalued, but it's obvious we came to this bear market because people knew that they could short sell, not deliver, and have the NSCC step in. very similar to investment banks in 2008 that just bundled and sold toxic MBS, along with CDS that had AIG on the counter party side, and knew that the fed would step in to provide liquidity as lender of last resort.

Did they pull this shit out at the last minute or what? When was MOASS supposed to start?

>>49287372
>When was MOASS supposed to start?
Sorry you missed it.

>>49287372
>When was MOASS supposed to start?
Tomorrow. Literally. Exactly. Precisely. Wednesday. June 1st, 2022. The date on which the FED begins to offload its balance sheet.

>>49287284
>the Commission is approving the proposed rule change.
not before we liquidate them in MOASS.

>>49287372
>When was MOASS supposed to start?
January 2021.

This will never pass. They couldn’t even agree on the auctioned liquidations.

>>49287487
Fucking lol. kudos to OP for the heads up. I was just about to ape in for fun.

>>49287487
QT is priced in.

>>49287546
Op is probably a paid shill. The rule change hasn’t passed and doesn’t do what he alleges.

>>49286785
sorry OP that doesn't work that way

https://www.youtube.com/watch?v=E6HOfBulmt8

WAGMI GME investors

>>49287372
the moass started in February 2018, it's not solely confined to GME

https://franknez.com/sec-news-new-proposals-threaten-moass-and-market-justice/

So, while these new rules could be beneficial to retail investors as far as eliminating naked short selling in the future, it washes away the damage already created by overleveraged hedge funds today.

I strongly believe short sellers should be held accountable to closing their overleveraged positions first.

If the SEC wants to protect the integrity of the market and prevent massive disruption worldwide, they will hold short sellers accountable, relieving all pressure imposed on heavily shorted stock.

Failure to do so will mark the event as the greatest financial theft in stock market history.

We are on the brink of massive change.

History is being written; one of two decisions will be made, and the outcome will last forever.

SEC Email: rule-comments@sec.gov

looks like old news

Why are people always so angry against short sellers?

we were so close bagbros

>>49287778
I’m not mad at them at all. Their greed is providing me with the greatest opportunity in my life to free myself from the wage cage.

>>49287053
Did you miss the LME shitshow when nickel and cobalt got short squeezed and they voided all contracts, retroactively cancelled trades and basically ignored all laws with zero penal consequences?
Since then the volume traded on the LME dropped something like -80% because nobody trust them anymore...
The rule of law is OVER, we entered WW3 and it's basically finance kikes and their corrupt cronies vs the world. The masquerade is over, they don't even pretend respecting any rule anymore, wake the fuck up anon.

COPE

I dont believ ethis shit

We will get our money for 1 share

REddit will make me rich
they have to

Kek @ the baggies coping and seething ITT

but I want to ooo

>>49291522
I will spit on you in the street when you are begging for just 1/1000th of a share

Welcome to the era of ABSOLUTE MANIPULATION and the death of free market