April 20, 2022
In regards to this ruling,
The SEC should not implement this new ruling due to the fact that this ruling does nothing to help the average American and will cause extreme harm to the American people.
This ruling includes the limiting of fire sales and other mechanisms that are usually limited to large corporations and organizations.These rules will contribute to greater moral hazards, similar to what happened in 2008 and Mortage Backed Securities.
These new proposed rules will help the large banks and corporations control and delay the inevitable collapse that will occur when a bubble bursts. This delay is bad due to the fact that the bubble (or bubbles) will continue to grow and get bigger while these rules stop it from being popped. However, no bubble can last forever, even with the countless rules and attempts to control the situation. The longer the bubble is delayed from popping, the greater the economic recession or depression.
I advise against implementing this rule in order to avoid plunging America into a future economic disaster. Bubbles will always eventually burst. This ruling will only guarantee that the size of the bubbles will grow extraordinarily large before bursting.