There is a way to criticise unfettered nationalism and jingoism without the criticism involving racism, and tired and highly offensive stereotypes about nearly a fifth of the human population. Then the criticism becomes worthless in itself.
I hope you are a bot. Because its just sad if you are a real person with such hatred within them. Why exactly are you mad right now? Because someone called out Bloomberg publishing an incorrect article regarding India recently? And that prompted you to type out such vile sentences?
Bloomberg is not some universally unbiased source respected by everyone in the world. And SEBI is a trusted entity for most Indians. Most Indians trusting SEBI over Bloomberg shouldn't be shocking.
Again. Be better. Even if you disagree with the person you had no excuse for being such a vile person. Look inwards and fix yourself.
It’s not like anyone could legitimately disagree with me, Indian markets are regulated by either actively malicious people or deeply incompetent morons.
No amount of nationalistic proselytism makes it okay or just "a bit mean" to say:
> A nation of slaves with desperate delusions of grandeur.
> build some toilets or whatever.
It's not just perhaps a bit mean, it's thought-terminating immature racist bullshit when you could have many other better arguments against nationalism in general.
You may be annoyed by the pointless nationalism, it doesn't give you the right to be a racist asshole against it.
You having this opinion doesn't mean it allows you to be a racist asshole, what part of that you don't really understand? You are annoyed by Indian nationalists, there's absolutely no need to behave like you did just because of that.
The only thing Monaco has going for itself is being a tax haven for ultra-wealthy people in a land strip smaller than many towns in Europe; it's more impressive for a nation to be able to feed 1.4 billion people (even with all the gaps, misery, that are inherent from just sheer volume of people in a developing country) than being Monaco to be honest.
Just revisit your thoughts and be aware of the bullshit you say. Nothing good comes out from behaving the way you did, it can only lead to you cementing this pattern of thought, reinforcing it and re-applying to other nations that you deem "unimpressive", very easy to start considering people inferior if you continue on this path.
Be a better person than this, right now it's quite disgusting as much as you try to word it in ways to make you feel better and justified.
You know what's worse than shitting on the streets? Creating a fake account just to throw racist crap you otherwise don't have the balls to do so with your real name beside it.
Have you actually looked into the allegations and the response from Jane Street? By your logic companies can commit any fraud in India because if they get caught you can just say: hey cant trust the country.
I think you tried to narrow down my general statement. What I'm saying is: not all countries and their regulatory bodies are equal. India is a pretty top-down country with quite a protectionist policy.
And I'm saying wallstreet has a reputation of breaking the rules. Like a lot. Are you suggesting regulatory bodies in the US are somehow better? The whitehouse literally has a shitcoin.
> And I'm saying wallstreet has a reputation of breaking the rules.
Among whom does wall street hold this reputation? Breaking which rules? How can that be, in an incredibly regulated industry where the government will try to put you in prison for just breathing? As they're doing to Andrew Left right now.
As far as I can tell, this is only a commonly held opinion among people whose primary source of knowledge on wall street is a DiCaprio movie. Rules are broken everywhere in the world, but nowhere do you have as many controls to prevent that as on wall street.
There's a reason why just about everyone with significant amounts of money trusts US financial infrastructure, fraud and rulebreaking is uncommon.
I have! JS was engaged in standard arbitrage and did nothing wrong. SEBI is coming after them because JS being able to do what it was doing is deeply embarrassing.
Standard arbitrage? JS bought stocks worth 572 crores and sold options worth an effective short value of 8,751 crores. 15x more. You dont short 15x your long position to do arbitrage. They were moving the market to suit their positions.
No, all you can read into that is where they believe the fair value to be. If it landed in the middle, you'd obviously have to pick up a much larger delta in options given the liquidity issues on Indian markets.
>They were moving the market to suit their positions.
They were correcting a mispricing, not creating one.
Lets see how that reasoning works out in court then. SEBI sent them a caution notice earlier asking them to stop and they didn't. Calling it a "simple arbitrage" is silly.
