I saw a great YouTube vid that went through whether what they’re doing is illegal, and the conclusion was no. It’s not illegal, because all of this is happening in broad daylight and can be found laid out in their financial disclosures, although sometimes in footnotes and jargon. In this article even they mention how unlike Enron, which internally cooked its books, these companies are being propped up by public market reactions to press releases, which is not illegal. It’s still a house of cards though.
I’ve gotten rid of all my large-cap index funds in my 403(b). By their nature, they invest so much money in the companies listed above. My money’s on small- and medium-cap American companies to weather the impending crash, as well as on European and Asian companies.
I saw a great YouTube vid that went through whether what they’re doing is illegal, and the conclusion was no. It’s not illegal, because all of this is happening in broad daylight and can be found laid out in their financial disclosures, although sometimes in footnotes and jargon. In this article even they mention how unlike Enron, which internally cooked its books, these companies are being propped up by public market reactions to press releases, which is not illegal. It’s still a house of cards though.
I’ve gotten rid of all my large-cap index funds in my 403(b). By their nature, they invest so much money in the companies listed above. My money’s on small- and medium-cap American companies to weather the impending crash, as well as on European and Asian companies.