Get ShortyI never heard about The Merchant of Venice before this morning, but the more I read about it, the more Intrigued I became.
The Merchant of Venice is a 16th-century play written by Shakespeare in which a merchant defaults on a loan provided by a Jewish moneylender, Shylock.
For the purpose of brevity I can't go through the play or all its characters in its entirety right now.
The main antagonist, a Shylock is a relentless and revengeful moneylender that embodies greediness and vengefulness.
One could easily mistake Prime Brokers as the Shylock of the Stock Markets, lending out Money through Total Return Swaps (TRS) then dumping massive blocks on the public without any thought of the long term implications of doing so.
Who do you think bought those large blocks of shares in March?
Short Sellers.
Any attempt to make the Prime Brokers held accountable was swept away in a recurring theme that goes back to such notable market bubbles (watch The Big Short) as 2008 and 2000.
I often wonder why nobody was held accountable for the mortgage collapse of 2008 because it seems obvious that it was the short interest played a pivotal role.
The DOJ has finally woke up, but I worry they are going down the wrong rabbit hole
www.reuters.com
Yes the Short Sellers should take some of the blame, but I ask you, are they really the ones responsible for the calamity over the past 2 years?
Is this a pivotal turning point for our black sheep $VIAC?
