Genuinely not sure what to think of the stock market/index funds since that happened. I'd like to get some sort of compensation that is GREATER than my cost.
The government incentivizes retirement and investment. I have plenty of that thing the government hates because it doesnt produce value, it just stores value.
These bad actors have me thinking more and more about these non-producing assets that continue to grow because they are scare and necessary.
He broke the rules first. The indexes had to follow the rules.
I mean, the idealistic founding fathers might have thought this is how the world will work, but look at reality: Where do you see little guys actually suing the big guys? The damage needs to be so tremendous that you can afford a lawyer to spend years on it.
So anything less than 10 million dollars goes to the big power. The law says "No damages were done". Morally, damages were done to the masses and this billionaire got richer.
Its an organization issue. The damages were done and EVERYONE knows.