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Michael Gattozzi
@mgattozzi.dev

They’ll argue that these kinds of “bets” are to allow hedging and so they can qualify themselves as a financial instrument and not gambling, but frankly they’re one and the same and this is fucked up.

Django Wexler@djangowexler.bsky.social

Somehow things that would have been a background gag in a Verhoeven movie are now just real

Michael Gattozzi
@mgattozzi.dev

My real nuclear take is that most financial instruments including stock should be banned until the financial sector learns how to behave. Sorry you get to only have bonds and CDs

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