Feb. 13, 2022
To those who can make a difference, This rule is incomprehensibly in favor of the powerful financial institutions who have skirted legislation and shot down regulation at every turn. Retail has a voice, and it is comments like this that are essential to keeping wall street in check. Big finance is not too big to fail. They are greedy, and deserve to face the consequences of their actions. A careless regard for risk management has been on full display ever since the 'Meme Stock Saga' began. Abusive naked short selling, exploitative use of market maker provisions, and the obvious attempts to sway public opinion via mainstream media is unAmerican. This is a racket. There needs to be a full investigation. No more blunting from corrupt officials and the revolving door of climbing the ladder. This proposed rule is a money-laundering scheme, plain and simple. It lessens the punishment of moral hazard, something we need more than ever in this exuberant market. Wall Street's negligence and greed were rewarded in the bailouts of 2008. This has incentivized them to become more brazen and daring with their schemes. We as a democracy cannot let this continue; everyday we stray closer towards debt-slavery of the masses, a grip not willing to let go unless forced. The younger generations are growing up with more economic hardship and real inflation than ever before seen in modern history. Our survival depends on courageous individuals willing to step up and say enough is enough. Do the right thing. -A Concerned Citizen