Aug. 12, 2022
August 12, 2022 I support this rule change. Wall st has repeatedly shown that strong regulation is required to keep them from imploding from poor risk management. And when you combine that risky mentality with a necessary process such as central clearing, it is imperative that we keep a close eye on things lest it turn into another debacle requiring massive tax-payer bailouts. It should probably just be a government function, or better yet automatic through blockchain. Im unconvinced the DTCC being a private company SRO provides any value for Americans at all. It has massive conflicts of interest where instead of forcing buy-ins and margin calls it is instead incentivized to help conceal risky behavior for the profits of its members.