Overwatch very good posts. To the point and funny. very funny.
Goldman Sachs fine was FINRA's acceptance wavier and consent form. Goldman signs it, nothing is made of it and then Goldman pays a miniscule fine. Slap on the wrist. No no no Goldman Sachs. Does that stop Goldman Sachs or JP Morgan or Bank of America or any other banks from felony offenses. NO. They continue to do the crime and pay the minimal fine. After all the money made by them the fine is like a toll charge on I-80.
FINRA (the banks) regulating the banks. They need to abolish this FINRA AWC form. Banks get caught people go to jail. PERIOD. No get out of jail free card.
They need to abolish the DTCC CNS program. Again DTCC (the banks) regulating the banks. AND they need to get rid of the 203b rule, buy before locate shares,
Gensler needs to get his auction of stocks passed so we get rid of market makers.
It may cost a bit more to buy your stock, but no MM involvement will be worth it.
Get rid of market makers and you cut the head of the snake off. CDEL and Virtue are Rick Nagra's toast fully burnt. No more naked shorting of #DBMM or other tickers.
Do not forget PHASE 6 is days away. Many banks on the cusp of going bye bye.
2008 on steroids. 9 month ISDA derivatives contracts expiring and many smaller banks, family offices, and hedge funds will not have the collateral to cover them.
Opppsy!
#DBMM
Bullish
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