Several guidelines make it clear that this kind of comment is unwelcome here. Corruption and conspiracies are easy to insinuate, but we need more than insinuations to have intellectually gratifying discussions. https://news.ycombinator.com/item?id=48364986 and marked it off topic.
Because they think that a lot of people will want to get in on the historically massive and well-known companies, which would lead to outflows if the index doesn't pick them up fast enough?
I find it to be genuinely more likely some level of corruption, and while my insinuation may be overly specific or illustrative, I still hold to it as an ironic statement meant to speak the truth.
In this age of AI marketing taking over the minds and imaginations of most of our businesses leaders in the name of greed and fear, I’ll hold to the more likely truth given the circumstances, regardless of this appeal to some invented tale of uncorruptable corporate governance. Have you never seen decisions being made?
I think that better matches the original spirit of this forum. The progenitors have become the people they once disrupted.
You're claiming without evidence that the bureaucracy and regulators are corrupt to the core? No way I refuse to hear another bad word about the government, they are above reproach sir.
I was a lawyer in 2008 representing banks in the financial crisis. Multiple bankers wives set up companies to by mortgage backed securities using government loans and government guarantees on payment upon default. That let the banks get the toxic mortgages off their balance sheet.
These wives were yoga teachers and socialites. And I say that as a man that is a feminist and upmost respect for the amazing women I have worked with that were absolutely world renowned professionals. The bankers wives were not in that category and were shells to eliminate the “conflict of interest”. The CEO of Goldman Sachs did this. You can find the records if you want to be on a government watch list.
We’ve really hit that point, where our institutions are transparently corrupt, and everyone knows it, and both the guilty and the public just say “yep, we’re doing the corrupt thing”.
It’s depressing as hell, and it’s going to go out with the proverbial whimper, but at least we’ve got to be close to rock bottom, right?
From someone who lives in a country that is still more corrupt than America.
You need to vote for the next several years, no matter what, because you still have a chance.
Once corruption becomes the default, then you are REALLY screwed. Because it kills hope and the faith in the future in the most corrosive way possible.
The death of morale is a far worse and insidious fate that will make today look like a high point.
To be fair, these are not regulators, just private companies making up rules, so technically this is not corruption just something that looks like it but it's just business™
> To be fair, these are not regulators, just private companies making up rules, so technically this is not corruption just something that looks like it but it's just business™
What I find odd is that the comments are critical of how the police didn't caught thieves, but there is absolute silence towards thieves and the fact they have been engaged in thieving for ever.
Another comparison is people blaming the fire department for not inspecting sprinklers after an arsonist torched the place. It seems to me that the arsonist is the root cause, isn't it?
> You're claiming without evidence that the bureaucracy and regulators are corrupt to the core?
The "bureaucracy and regulators" are at most engaged in passive corruption.
For passive corruption to exist, you need massive active corruption effort.
Why is everyone focusing on vilifying passive corruption while completely ignoring active corruption? I mean, I'm hearing lots of conspiratorial remarks directed at regulators but... Who stood to benefit? Aren't those responsible?
I mean, why was regulation required to begin with?
Several guidelines make it clear that this kind of comment is unwelcome here. Corruption and conspiracies are easy to insinuate, but we need more than insinuations to have intellectually gratifying discussions. https://news.ycombinator.com/item?id=48364986 and marked it off topic.
If you have evidence of corruption, present it. Otherwise it's just generic cynicism leading to a thought terminating cliche.
At this point in US regulatory oversight I would have a harder time finding evidence of no corruption.
Then present your evidence, so we can have a substantive debate and draw informed conclusions.
1 reply →
Why else would they change the rule ?
> Why else would they change the rule ?
These indices aim to replicate the market. They’re not trying to pick stocks.
There is a serious argument for saying they fail to replicate the market if they structurally exclude trillions of dollars of it.
5 replies →
Because they think that a lot of people will want to get in on the historically massive and well-known companies, which would lead to outflows if the index doesn't pick them up fast enough?
1 reply →
I think deep cynicism is the correct mindset to have in the current financial/political climate.
I find it to be genuinely more likely some level of corruption, and while my insinuation may be overly specific or illustrative, I still hold to it as an ironic statement meant to speak the truth.
In this age of AI marketing taking over the minds and imaginations of most of our businesses leaders in the name of greed and fear, I’ll hold to the more likely truth given the circumstances, regardless of this appeal to some invented tale of uncorruptable corporate governance. Have you never seen decisions being made?
I think that better matches the original spirit of this forum. The progenitors have become the people they once disrupted.
[flagged]
At least a new Cybertruck.
You're claiming without evidence that the bureaucracy and regulators are corrupt to the core? No way I refuse to hear another bad word about the government, they are above reproach sir.
I was a lawyer in 2008 representing banks in the financial crisis. Multiple bankers wives set up companies to by mortgage backed securities using government loans and government guarantees on payment upon default. That let the banks get the toxic mortgages off their balance sheet.
These wives were yoga teachers and socialites. And I say that as a man that is a feminist and upmost respect for the amazing women I have worked with that were absolutely world renowned professionals. The bankers wives were not in that category and were shells to eliminate the “conflict of interest”. The CEO of Goldman Sachs did this. You can find the records if you want to be on a government watch list.
We’ve really hit that point, where our institutions are transparently corrupt, and everyone knows it, and both the guilty and the public just say “yep, we’re doing the corrupt thing”.
It’s depressing as hell, and it’s going to go out with the proverbial whimper, but at least we’ve got to be close to rock bottom, right?
From someone who lives in a country that is still more corrupt than America.
You need to vote for the next several years, no matter what, because you still have a chance.
Once corruption becomes the default, then you are REALLY screwed. Because it kills hope and the faith in the future in the most corrosive way possible.
The death of morale is a far worse and insidious fate that will make today look like a high point.
2 replies →
To be fair, these are not regulators, just private companies making up rules, so technically this is not corruption just something that looks like it but it's just business™
> To be fair, these are not regulators, just private companies making up rules, so technically this is not corruption just something that looks like it but it's just business™
What I find odd is that the comments are critical of how the police didn't caught thieves, but there is absolute silence towards thieves and the fact they have been engaged in thieving for ever.
Another comparison is people blaming the fire department for not inspecting sprinklers after an arsonist torched the place. It seems to me that the arsonist is the root cause, isn't it?
4 replies →
These are all private companies's decisions.
> You're claiming without evidence that the bureaucracy and regulators are corrupt to the core?
The "bureaucracy and regulators" are at most engaged in passive corruption.
For passive corruption to exist, you need massive active corruption effort.
Why is everyone focusing on vilifying passive corruption while completely ignoring active corruption? I mean, I'm hearing lots of conspiratorial remarks directed at regulators but... Who stood to benefit? Aren't those responsible?
I mean, why was regulation required to begin with?