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Matt, on a side note regarding the SEC protecting regular investors...don't for one second think that's what they do.

The SEC and the Financial industry are in total cahoots going after individual financial advisors while the big name brokerage houses just wipe their hands clean.

I had 10 friends at USAA nearly lose EVERYTHING because USAA lied about them on their U-4. One guy almost actually killed himself. But because USAA was the firm, and my friends were just minions, USAA almost got away with it.

Thankfully, they consolidated resources and 3 years later, USAA was found guilty against them. that was a once in a lifetime result though. The vast, vast majority of financial advisors never get justice from the SEC because the SEC is in the backpocket of the industry.

Same damn thing happened to me and there was no way I was gonna fight it.

In the case of my friends, though, what did USAA do? Just stroked a check and moved on. No big deal to them. But NOONE, not one damn executive, was held accountable. Oh by the way, whose money is it that they're writing checks to pay the damages? Right, it's their own members and employees.

Such a scam.

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Gresham's law based on access to capital: exactly what we describe happening in the UK healthcare 'market' https://www.balancedeconomy.net/uncategorized/childrens-social-care-new-uk-report/

Bad actors a) out-competing good actors and pushing them out of the market, b) 'competitive contagion' as others feel the need to act badly in order to stay in the market

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how did Adam Neumann actually get a meeting with Jamie Dimon to begin with? I've never understood how this "hipster" type guys are able to raise money. gotta be some family connections, no?

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