The battlefront of speculation moved from venue legitimacy to creditor reputational warfare

Evidence

If the early victors of the fin de siècle wars of speculation fought to reassert the legitimacy of pit trading versus bucket-­shop gambling, today’s speculators fight in global risk markets to damage their creditors’ reputation, their legitimacy, and their access to liquidity. — Aris Komporozos-Athanasiou, Speculative Communities, 487

Categorization

• XREF: Directly continues the book’s earlier treatment of the pit trading vs. bucket-shop legitimacy struggles from the fin de siecle — an internal resonance with what the reader has already logged. — connects to: Speculative fights over creditworthiness now replace traditional wage-labor conflicts — Aris Komporozos-Athanasiou, Speculative Communities: Living with…, 38