Citadel commands something like 8-10% of daily market volume. They’re the textbook Too Big To Fail investor. SEC won’t touch them for that reason alone, although there are plenty of other ideological/conflict of interest reasons, too.
I don’t disagree, but it’s the whole REASON the SEC was created in 1934.
If anyone needed further proof of end-stage capitalism, it’s this goddamn insistence on regressive everything.
Anything deemed “Too Big To Fail” is also a national security risk. Nationalize the whole firm, send the executives off with whatever loot they already have, and ironclad legalese to prevent them from ever setting foot in a financial market again.
Citadel commands something like 8-10% of daily market volume. They’re the textbook Too Big To Fail investor. SEC won’t touch them for that reason alone, although there are plenty of other ideological/conflict of interest reasons, too.
I don’t disagree, but it’s the whole REASON the SEC was created in 1934.
If anyone needed further proof of end-stage capitalism, it’s this goddamn insistence on regressive everything.
Anything deemed “Too Big To Fail” is also a national security risk. Nationalize the whole firm, send the executives off with whatever loot they already have, and ironclad legalese to prevent them from ever setting foot in a financial market again.