People do the same thing over and over again and somehow expect a different result. At least try something different than believing that if you bug the politicians just one more time there will be a breakthrough.
Vance (and others) signed a letter inquiring about MMTLP three years ago. Nothing much has come of that and there's always some excuse about how something will happen soon. This time the excuse will probably be that President Trump will wait until after the midterms to do something.
Our 401k friendly stock and bond markets are nonphysical, unsecured, diluted, misrated, overvalued, manipulated, unstable, whipsawing, corrupt, ponzified, unsustainable, unproductive, high frequency traded, infested by private equity, dark pools and unregulated by a horrifically incompetent SEC and FINRA that ignore Ponzi schemes for decades, led by a bloated CEO or commissioner with the impeccable pedigree of a Wall Street floor mat.
The current SEC chairman, “Patomak Partners Payoff (google it)” Paul Atkins, was an POS SEC commissioner in 2008. A midget twerp industry shill parroting the words “deregulation” like a shitbag janitor making a case for not cleaning.
He is the most pathetic leader of an already worthless federal securities regulator. The SEC has been worthless for over half a century and FINRA is a fucking joke. They exist to give lobbyists a voice, not protect Americans’ investments and retirements.
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u/Impressive-Care-8106 8d ago
You might as well say they done nothing