August 31, 2021
This new membership program sounds like a good idea as it would seemingly help prevent a market wide crash but I'm afraid that there may be loopholes that certain parties could exploit. My concern is that these collateralized loans could be used to 'refuel' the participating Hedge Funds so that they could further short certain companies. Essentially allowing them to kick the can down the road instead closing their already over leveraged short positions.
Close the loopholes and I'm in favor of it.