Replies to post #5656 on Direxion Daily Financial Bear 3X Shares (FAZ)

[The Catalan]

Its another hoax, they just changed the rule back to the way it was because obviously it was parodoxical to allow financial firms to not mark-to-market, since no one does any DD with past balance sheets lol. I think it was perfect timing because now the banks can write-off most of their losses with the capital they just made from these diluted common shares they just raised. Now they can make their 2nd 10Q seem "lower than expected, but beats forecast" and have some more minor day-to-day rallies, and keep doing this. And another interesting point, they are only using 5% percent of the capital from their reserves. Besides you have to a pretty stupid fins, if you cant make money when your borrowing at a nearly 0% discount window rate. And we get 4-20% interest on most loans. What a piece of scum, capitalism has been dead for a long time, with the corporatism tied to the federal reserve. IMO