Ep1cFac3pa1m@lemmy.world to Ask Lemmy@lemmy.world · 1 day agoYou’ve been tasked with defining a new area of criminal law called “economic and financial violence,” and creating laws to prevent it. What actions would you try to criminalize?message-squaremessage-square90linkfedilinkarrow-up1100arrow-down15file-text
arrow-up195arrow-down1message-squareYou’ve been tasked with defining a new area of criminal law called “economic and financial violence,” and creating laws to prevent it. What actions would you try to criminalize?Ep1cFac3pa1m@lemmy.world to Ask Lemmy@lemmy.world · 1 day agomessage-square90linkfedilinkfile-text
For example: private equity firms buying trailer parks and raising rents so high that people go bankrupt
minus-squareshittydwarf@piefed.calinkfedilinkEnglisharrow-up15·1 day agoHere’s a pretty good explanation https://marketrealist.com/p/what-is-cellar-boxing-in-stocks/ But in short, they decide to destroy a particular stock. They sell shares that they don’t have, and then when the stock reaches zero and is delisted, they do not have to provide the stocks that they sold but never had in the first place
minus-squareJustPlainDave@lemmy.ziplinkfedilinkarrow-up4·1 day agoImagine you cut a pair of shorts out of a pair of pants, then you throw the shorts away and wear the remaining pant legs.
What are naked shorts?
Here’s a pretty good explanation
https://marketrealist.com/p/what-is-cellar-boxing-in-stocks/
But in short, they decide to destroy a particular stock. They sell shares that they don’t have, and then when the stock reaches zero and is delisted, they do not have to provide the stocks that they sold but never had in the first place
Imagine you cut a pair of shorts out of a pair of pants, then you throw the shorts away and wear the remaining pant legs.