Aug. 15, 2023
There are 100 shares of company x. Those shares should be traded on a lit exchange. If 10 people want to buy 10 shares each, that’s the end. I don’t claim to know enough about swaps to make an detailed argument against them other than to say as a blue collar worker, father of 2 trying to save money for my children’s college tuition, stop with all the financial instruments used by the elite and privileged. It needs to be as simple as a zero sum game that EVERYONE can understand. Someone sells a share and another buys the share. All these economic shenanigans lead to nothing but the need for government bailouts in the future for those that manipulate them. Make the financial markets simple and fair for everyone.