In an upcoming age of oligarchy, regulation will be adapted to suit business owners. As an example, it seems that Gautam Adani is friendly with Trump.
What will be the impact on the SEC? What are future scenarios of fraud enabled by weaker regulations?
But this is a regretable, but wise move. Love the fact that he linked a DJ set.
Godspeed, Hindenburg folks! I started to really appreciate your work, when I read Dan McCrum and the other Alphaville writers at the FT.
> In an upcoming age of oligarchy
oligarchy has been going on for a long time, regardless of political affiliations.
to see why i say this, look at (no relation) https://quiverquant.com , and you'll see professional politicians with sub $180k salaries worth tens of millions of dollars, for just one example.
'X has been happening for a long time' is an old tactic to hide bad things behind some undefined excuse of inevitability, and discourage any action. Corruption has been happening for a long time, but that doesn't mean it can't get much worse or, through our action, much better.
What does it even mean? What does it matter if it's been 'going on for a long time'?
I think trump has been publicly against the idea of allow short selling