F'rs get to short from high $20s knowing a $21 secondary is on the way
Then cover at $21+ and go long. What a country! If you're the right people of course. And if you ask them, they'd tell you they are making a hell of a contribution. I don't see it, I see a form of legal extortion, embezzlement, collusion; you know, all the things a properly functioning SEC (not to mention BOD) should be taking care of. Of course when regulatory bodies are managed by former industry execs and BODs are peopled by the same paid to nod their heads, then foghedaboudit. Corporate welfare is what it is. In the $trillions. But woe is anyone who suggests that unemployment benefits be extended to the tune of $Billions. Trillions in corporate welfare, they deserve it those guys (and gals), but not a penny to the hard working, honest but pathetic "phluckers" who were actually ruined by WS poison 5 years ago.