DislikedDespite the fact that you changed the name of the "dead pool", you still don't grasp how simply reporting information and sensationalizing it are two different things.
By posting things like "dead pool", you make people believe that a company in said list was dead and buried, when that is not actually the case. You later agreed on some of these that this wasn't actually the case, that some of them will survive. Of course, it's too late for that admission, because your dead pool, as worded, was posted like 50 times across the internet, so changing it here months later is long long after the fact. I guarantee you scared off people from some of those companies, and probably some people from companies that will actually survive and which did nothing wrong.
The article you quote does not use the same language you did, and yet you continue to miss that point. The point was never that there would be companies that would miss a 5 million mark if passed and as such would be out of business. There's not a person on this thread who said that every single company below five million currently would survive. The point was that you automatically acted as if they'd all be out of business and thus people should pull their money NOW rather than a) see if the proposal passes b) give their company a chance to prove they could make a new cap requirement when it happens. You told them to get out and get out now. It was only later that you modified that tone, but the damage was probably still done.
Sensationalizing and reporting are two things. While you bring important information to light, it's HOW you present it that makes the difference between being a respectable newspaper and being a tabloid.Ignored
You want to talk about the "damage that's been done" then let's talk about One World Capital which has not been granting customer withdrawals for several weeks. A few days ago I got an email from a customer thanking me for writing about One World a month back. That person withdrew their funds right before the customer withdrawals were halted at One World. That customer did their due diligence and acted accordingly. But sadly a lot of customers didn't get a chance to withdraw their funds and are now sitting in purgatory.
My goal has been to sound the alarm about the crisis of capitalization in the forex industry. My own opinion is that customers should not trade with poorly capitalized firms and now thanks to the NFA proposal they won't be able to do so. And in my opinion, yes, they should still get out now.