Loading ...Shorting should be against the law, or create a way of shorting our neighbors house. Both or nothing. Can you imagine the ability to borrow and sell your neighbors house into a strong market, in spring and summer, and then buy it back low in the dead of winter, give the deed back and keep the profit?
One time years ago, I noticed Schwab deposited $50 cash in my account. I phoned them to find out why? They said, because I have a margin account, and I can borrow from THEM, they are allowed to borrow my shares and give them to a short seller.
The $50 was my dividend that went, I don’t remember where, while my shares were loaned out, and Schwab was obligated give the $50 to me.
I hear Janet Yellin on at 1:00 eastern time. They keep saying they will raise rates, to get the psychological effect of higher rates, without raising the rates. Like Trump once said…”Why would you announce to the world something you want to do, before you do it?” “Then the enemy adjusts or gets ready ahead of time” or something like that.
Can you remember the days when the dirt bag Bankers would announce a planned BIG sale of Gold bullion BEFORE the effin sale??? And knock the price DOWN first??? The scumbags were probably doing that so a partner bank or foreign bank could buy it below market prices.
I believe we can still legally bash and use hate talk against banks. No hate crime legislation YET to prevent discrimination and prejudice against those cheaters robbers manipulators etc.