April 20, 2022
Reading over the filing seems clear to me that this does not help individual investors and allows for institutional firms to continue to destroy our markets.
I strongly feel that there must be a TON of counter party exposure and this filing would basically allow that exposure to continue on forever. Instead of allowing this exposure to continue on, which seems to basically be the \"overnight reverse repo\" program but for Failure To Delivers, we remove this exposure by closing out positions properly.
FTDs should not exist in any modern day markets given the advancements of technology. We should focus on fixing the markets to be fair and stop rigging them to allow for large players to take on massive risk without ever closing out these positions.