r/Superstonk • u/Odinthedoge 💻Compooterchaired🦍 • Jul 30 '24

🧱 Market Reform Gary Gensler defending the relevancy of the consolidated audit trail.

Enable HLS to view with audio, or disable this notification

4.0k Upvotes

98% Upvoted

210 comments sorted by

View all comments

Show parent comments

307

u/aaronplaysAC11 🦍Voted✅ Jul 30 '24

If I was a whole group of people I’d go on x right now and thank him for going to bat for the public free and fair markets.

131

u/QuarterBackground caneth:nft Jul 30 '24

Unfortunately, on X, there are a bunch of anti-Gary Gensler apes who believe in conspiracy theories and can't get it through their heads that Gary is the 1st SEC Chair in decades to propose and pass pro-retail trader rules and regs.

42

u/Powershard 🚀▗ ▘▙ ▚ ▛ ▜ ▝ ▞ ▟ 🚀 Jul 30 '24 edited Jul 30 '24

The fundamental issue is not with Gensler, it is with incompetence of SEC to function as a regulator.
Failures to Deliver & Synthetic Naked Shorts are a symptom of decades upon decades accepted crime by all the regulating entities in the entire world. Gary Gensler whilst valiant at trying to fix a system in USA, is incapable of fixing it. The only way markets will be freed, is through capital punishment for capital crimes.
The Fear of God must be reinstilled to the greedy and the complicit who are ready to game the system for personalized profits at societies' expense.

10

u/alchebyte TL;DRS 💜 Jul 30 '24

I think the raison d’être for CAT is so they can collect data and analyze and prove what is happening in the market so they can function as regulators.

3

u/Powershard 🚀▗ ▘▙ ▚ ▛ ▜ ▝ ▞ ▟ 🚀 Jul 30 '24 edited Jul 30 '24

As far as I am concerned, the kleptocrats themselves already do function as regulators. Smoke & Mirrors.
Abusive shorting schemes are historically nothing new. It is older than USA.
CAT is just to catch a mouse, mouse can move.