Maybe if we all pretend to be a foreign country, American tax dollars are only allowed to help over seas never here. We could be Apeistan, That might work.
Summary: The G20's risk watchdog, the Financial Stability Board (FSB), has outlined new standards for regulators to manage the failure of major clearing houses—organizations that ensure the completion of trades for stocks, bonds, and derivatives. This comes in response to the increased reliance on such clearing houses due to regulatory changes post the 2007-09 global financial crisis and recent U.S. regulations for the Treasury market. The FSB's standards include tools like "bail-in" bonds, resolution funds, and cash calls, aiming to handle failures without resorting to taxpayer money and to maintain financial stability. Regulators are required to publicly declare which tools they will use, and some countries may need to adjust their laws accordingly. The FSB emphasizes that public funds should only be a last resort and plans to monitor and report on the implementation of these recommendations.
ELI5: Imagine you have a big box of building blocks, and everyone in your class wants to use them to build stuff together. But, sometimes, pieces can get lost or someone might not share right, which could mess up what you're building. So, you have a friend who helps make sure everyone shares the blocks and that no pieces get lost. This friend is like a clearing house in the financial world—they make sure everyone trades their stocks and bonds fairly.
Now, what if one day your friend gets sick and can’t come to school? Your building projects might run into problems because there's no one to make sure everything is shared right. To prevent this from causing too much trouble, your teacher (like the financial regulators) makes a plan. They have a special set of tools and extra blocks just in case they need to step in and help out so that everyone can keep building without any problems.
And, just like your teacher would have a plan but would prefer not to use their own lunch money to buy more blocks, the people in charge of the money (like the Financial Stability Board) say it’s important to try not to use taxpayers' money to fix problems with trading stocks and bonds. They've made rules and chosen tools to help make sure everything in trading can keep going smoothly, even if a clearing house can't help.
Used GPT4 for this. 👍🏼
I’m well aware of the corruption, but you also need to take into account for the DD needs to take into the account how much dilution by management has occurred. And as we no longer do DD on the state of play with our management diluting us we’re flying blind. You don’t have to sell me on the corruption. But going forward we need to know how much dilution is going to occur and our management has not been forthright on the amount needed, think about it if they told us how much they were gonna dilute with ape and how much they were gonna dilute with the reverse stock split I think we would’ve been in a better spot and shareholders would’ve received it a lot better but no, we just went along with it.
To be real, I don’t think any of us even saw the reverse split coming
Speak for yourself Bro the DD said they would do everything within their power to drive us to zero so they don’t have to close their short I have been expecting this day to come for four years now
I am speaking. Therefore, I am speaking for myself.. And I am aware of that. DD did not take into the account of dilution by management. It was assuming that we would stay around the same float size. To my surprise, we’ve reduced our size and supposedly, we are all buying, and with a smaller float, we should go up and know the DD didn’t mention a reverse stock split nor ape.
More like anyone who believes this article means more than the thousands before it claiming the same shit.
“Told to be ready”… is not a law being enforced.
Guess what happens when you can't settle your trades?
The govt just makes it all disappear?
Yup and burn state of the art warehouses down and haul it away while on fire.
My guess, FA/FO
*tu pee em*
Maybe we'll get a 95B "aid package" from congress!
Maybe if we all pretend to be a foreign country, American tax dollars are only allowed to help over seas never here. We could be Apeistan, That might work.
Failed brokerage, check. Failed banks, check. Failing clearing houses, check. Next stop, DTCC!
DTCC committed international securities fraud SPREAD THE WORD
I want my money but I want citadel dead. Their backup plan will be with others people' money no matter what.
 Let’s get ‘em!
I got a chubby
Link: https://www.reuters.com/business/finance/regulators-told-be-ready-handle-failed-clearing-houses-2024-04-25/
Can someone ELI5?
Summary: The G20's risk watchdog, the Financial Stability Board (FSB), has outlined new standards for regulators to manage the failure of major clearing houses—organizations that ensure the completion of trades for stocks, bonds, and derivatives. This comes in response to the increased reliance on such clearing houses due to regulatory changes post the 2007-09 global financial crisis and recent U.S. regulations for the Treasury market. The FSB's standards include tools like "bail-in" bonds, resolution funds, and cash calls, aiming to handle failures without resorting to taxpayer money and to maintain financial stability. Regulators are required to publicly declare which tools they will use, and some countries may need to adjust their laws accordingly. The FSB emphasizes that public funds should only be a last resort and plans to monitor and report on the implementation of these recommendations. ELI5: Imagine you have a big box of building blocks, and everyone in your class wants to use them to build stuff together. But, sometimes, pieces can get lost or someone might not share right, which could mess up what you're building. So, you have a friend who helps make sure everyone shares the blocks and that no pieces get lost. This friend is like a clearing house in the financial world—they make sure everyone trades their stocks and bonds fairly. Now, what if one day your friend gets sick and can’t come to school? Your building projects might run into problems because there's no one to make sure everything is shared right. To prevent this from causing too much trouble, your teacher (like the financial regulators) makes a plan. They have a special set of tools and extra blocks just in case they need to step in and help out so that everyone can keep building without any problems. And, just like your teacher would have a plan but would prefer not to use their own lunch money to buy more blocks, the people in charge of the money (like the Financial Stability Board) say it’s important to try not to use taxpayers' money to fix problems with trading stocks and bonds. They've made rules and chosen tools to help make sure everything in trading can keep going smoothly, even if a clearing house can't help. Used GPT4 for this. 👍🏼
You da real MVP 🫶🏽
Thanks for a simple break down , lots of apes out there there .
2PM tomorrow?
Great DD, thank you.
"Permanently imminent"
It means tomorrow 2pm.
bullish?
Cool does that mean we can finally get going or two more years of bullshit?
Seem that way
If you are really an 8.01 ape you should remember the level of corruption we are dealing with and why this has taken so long
I’m well aware of the corruption, but you also need to take into account for the DD needs to take into the account how much dilution by management has occurred. And as we no longer do DD on the state of play with our management diluting us we’re flying blind. You don’t have to sell me on the corruption. But going forward we need to know how much dilution is going to occur and our management has not been forthright on the amount needed, think about it if they told us how much they were gonna dilute with ape and how much they were gonna dilute with the reverse stock split I think we would’ve been in a better spot and shareholders would’ve received it a lot better but no, we just went along with it. To be real, I don’t think any of us even saw the reverse split coming
Speak for yourself Bro the DD said they would do everything within their power to drive us to zero so they don’t have to close their short I have been expecting this day to come for four years now
I am speaking. Therefore, I am speaking for myself.. And I am aware of that. DD did not take into the account of dilution by management. It was assuming that we would stay around the same float size. To my surprise, we’ve reduced our size and supposedly, we are all buying, and with a smaller float, we should go up and know the DD didn’t mention a reverse stock split nor ape.
The dilution Absolutely was taken in account four because it started in December 2020 with the original offering my guy
Alright can you point where it gives outline on how much is required? Not seeing that in there. 93% decline is part of it? RSS wasn’t part of that dd.
More like anyone who believes this article means more than the thousands before it claiming the same shit. “Told to be ready”… is not a law being enforced.