Thread by @CringleKitten

(Part 1) I don't understand this trend of holdings being held/delayed by a clearing house / market-maker.

The truth is they have been doing this for quite some time.

(Part 2) Let's go back to the basics: retail investors submit their orders through their brokerage services at market prices which take within two business days to settle through a market maker / clearing corporation.

(Part 3) Some of the delays are bound with the amount of buyers and sellers based on supply and demand - but also with the amount of wealth being exchanged. If it's a huge order, that might take some time to be fulfilled completely based on existing partial offers.

(Part 4) I understand people want to seek accountability. I get it. We all do. But what's the point provoking the SEC - rattling a lion's cage?

(Part 5) Like I said previously, we all want to get paid first and penal accountability may come later. Would you like your holdings to be stuck in some legal fugazi for years with sleazy insurance employees not filing their paperwork due to slow bureaucracy? I certainly don't.

(Part 6) The best way to win this is to play this by the unfair rules of the market rigged by them: Buy and hold (not financial advice).

Let them file bankruptcy.

(Part 7) Here's another fuckery. These institutions can always move their data centers in some remote foreign states with no extradition or assign them under a shell company / tax haven territory.

(Part 8) Let's assume they are dumb for a second, related agencies will investigate the disparity of transactions between the financial statements leading to that bankruptcy and their ledgers (data centers). The odd of that happening might prove quite difficult.

(Part 9) Here's another fuckery. Remember 2008? Thinking the Lehman Brothers was too big to fail? I heard that one. But how come there was no penal accountability and only one guy got busted from Credit Suisse from the fallout of the crisis?

Scapegoating.

(Part 10) Many institutions can bundle defaulting accounts together and can assign them under a mindless manager. That's what happened with SAC Capital in 2013. That's how Melvin Capital Management was born.

(Part 11) The system is rigged in a way that taxpayers would bail out institutions - they know what they are doing and they don't care. They use our money to pay themselves big bonuses and lobby Congress to kill ideas for their own gains.

(Part 12) But at least hedgies are disposable components of the stock market.

(Part 13) Want real change? Having a similar basis of Ethereum with every asset being exchanged under smart contracts with every transaction being logged, properly sealed in a public ledger.

But we're decades away from that happening.

Food for thought.