Well documented by a Swiss economic research team in 2011: (note that this study was done pre-Tesla)
As anti-capitalist protesters take to the streets, mathematics has teased apart the global economic network to show who's really pulling the strings
www.newscientist.com
Wall.e doesn't like to leave things to chance. 'They' are State Street Corporation, Vanguard Group, BlackRock, FMR, Paulson, Capital World Investor, JP Morgan, Northern Trust Corporation, Fairhome ... the list is short but extinguished.
Word.
I am strongly opposed to short selling and the market makers abuse of their ability to do naked shorting.
However, in the quoted post there is mishmash of custodians, mutual fund operators and an odd abusive housing speculator.
These are in some cases abusive, but they are not the market maker culprits that are the core problem that produces high volatility, specifically of TSLA.
Securities custody is an arcane business highly concentrated but only profitable with very large scale. It comes in multiple varieties named, ;custody, global custody, master trust and a couple more. Those are NOT the bad actors, although three of the US' largest five custodians are also 'universal' banks with major operations in many areas; in order, J P Morgan, Citi, BNP Paribas. All three of those have grown massively, in large part by acquiring failing institutions.
As for the Debora MacKenzie/Andy Coghlan expertise, I would pay attention to their comments on infectious diseases and epidemiology from a non-technical popular perspective. They have zero credibility on global finance. It does a disservice to TSLA investors to repeat the notion that global finance runs the world.
As TSLAinvestors we have enough problems dealing with serious violations of ethics, that should be, but mostly are not, illegal.
Specifically the problem is market makers that can act with complete self interest violating interest of their own clients. We need not condemn the entire world when we could well focus on he real culprits, such as GTS (The largest NYSE market maker), Citadel, DRW (for options) etc. here is a list of several both US and elsewhere. For Tesla, of course, the biggest problems are probably facilitated by Citadel and DRW.
In truth note that most market makers have names you've never heard. They do have a highly useful function since they supply the shares and derivatives to buy and sell, an essential function. The problem, as has been documented repeatedly is that the US rules are written by the market makers themselves, and most of the operative controls are administered by the Depository Trust Company, itself originally serving custodial banks, but with administrative rules to protect against abuses. It worked marvelously until all the regulations changed, culminating in absurdities such as the infamous Madoff Rule.
Really, as TSLA investors we should understand the reality rather than global conspiracy theories.
Elon Musk understands all this, hence his famous SEC description. In other words 'the fox is guarding the henhouse'.
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But if the noise is the hold back, just program the car to make noise.
