Yeah it’s all a scam. They need the money not just from pension plans but from all the people who are in 401Ks to make this work. Hence the rule changes allowing it to skip the standard wait times and profitability metrics to be listed as part of the be part of the top indexes so that most popular ETFs that make up most 401k funds will be required to carry them.

It’s all a fucking scam to get other little guys money.

I want to make sure that the schmucks who financed this abomination in the first place pay dearly for it, rather than fleecing the subsequent hapless small investors and the rest of society who don't understand and will buy into the hype.

For one thing I think record keeping.

Like. Part of the problem is he's lying to investors. He hasn't ever really cared about what the general public thinks except if it affects what investors think of his product. And it's important to keep records of what he (and the others like him) says because eventually investors will want to sue (which is the only comeuppance these types ever get) if he doesn't make good on his lies.

Keeping track of the lies proves that he did lie. Doesn't do any of us any good if investors believe him and he manages to make a deal with them to sweep the lies under the rug in exchange for something that's short term lucrative. But that's why.

The general masses just need drama as far as I can tell. Hate sells. Well, that and I think people like him want to keep people like us afraid so we're more controllable.

I think part of the problem is they know a lot people want life and entertainment to be the same thing, so they can sell scifi as reality and it's a sure way to get tithes from the faithful.