Apr. 20, 2022
The rules addressed here should not be passed by any means. Legalizing the predatory use of FTDs and borrowed stocks like this will ultimately be the downfall of our financial system as the middle class and below will be essentially cut out from the market. In doing this, you will be putting all of the power in banks and brokerages to control the economy as they see fit, and bad actors in the pursuit of greed will destroy smaller businesses for the sake an easy buck. This has been the case for Blockbuster and Radioshack and similar bankrupt businesses. Worse still, this bill will only further encourage the elite to pursue evermore degenerate methods of robbing retail investors, and the more these behaviors are excused, the more the common people are hurt. The more the common people are hurt, the weaker foundation this country accrues. If those who represent our country do not stand with the common people, then they will seek to elevate themselves through whatever means possible. So far retail investors, the victims of these insipid crimes, have worked as peacefully as they could through protest, activism, and teaching. If progress cannot be achieved peacefully, then it will be acquired by force as history has proven time and again. And when the bottom line falls out, so does everything these corporations have built. Remember who builds and maintains the roads, buildings, and goods; who facilitates travel, trade, and commerce; who defends the very same lavish lives the elite have created themselves. Remember that without them, the elite are worthless.