Comment Comment by JumpCrisscross > the lawlessness of finance is so pervasive that it has effectively become legalized through intellectual and regulatory captureRight, this is the popular narrative, and it’s why numpties think they can get away with trading out-of-the-money calls on tenders.> check out how Enron sought and acquired SEC 'approval' for their ponzi instrumentsSource? Because the SEC doesn’t approve (or deny) corporate instruments. It regulates disclosure. parent JumpCrisscross 2 years ago
Right, this is the popular narrative, and it’s why numpties think they can get away with trading out-of-the-money calls on tenders.
> check out how Enron sought and acquired SEC 'approval' for their ponzi instruments
Source? Because the SEC doesn’t approve (or deny) corporate instruments. It regulates disclosure.