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re: Live Stream of Congressional Hearing about Robinhood / GME

Posted on 2/18/21 at 2:48 pm to
Posted by Jag_Warrior
Virginia
Member since May 2015
4129 posts
Posted on 2/18/21 at 2:48 pm to
If Robinhood did not exist, who exactly would be frozen out of the equity markets??? What is that congressman talking about?
Posted by BlazinPurple
Baton Rouge
Member since Oct 2010
158 posts
Posted on 2/18/21 at 2:52 pm to
This guy in Guam gets it. He is spot on!
Posted by Strannix
District 11
Member since Dec 2012
49032 posts
Posted on 2/18/21 at 3:02 pm to
Going in dry, busted
Posted by Jag_Warrior
Virginia
Member since May 2015
4129 posts
Posted on 2/18/21 at 3:04 pm to
I’ve never heard of her before, but Rep. Axne seems to have a brain too. She cut poor Vlad wide and deep.
Posted by rocket31
Member since Jan 2008
41819 posts
Posted on 2/18/21 at 3:04 pm to
this is good
Posted by drewbilous
Baton Rouge
Member since Jun 2007
2784 posts
Posted on 2/18/21 at 3:08 pm to
Honestly, its a really sad day to be a republican watching these spineless R reps make excuse after excuse for their biggest super PAC congressional donors
Posted by rocket31
Member since Jan 2008
41819 posts
Posted on 2/18/21 at 3:11 pm to
yea too many softball questions
Posted by drewbilous
Baton Rouge
Member since Jun 2007
2784 posts
Posted on 2/18/21 at 3:13 pm to
Gotta protec' the people from themselves!
Posted by Strannix
District 11
Member since Dec 2012
49032 posts
Posted on 2/18/21 at 3:15 pm to
How stupid is this pontificating Axne where from Iowa

Muh income inequality
Posted by Nation of Buga
Sandy Eggo
Member since Aug 2014
2157 posts
Posted on 2/18/21 at 3:24 pm to
Can’t wait for new regulations that “protect retail investors.”
Posted by JohnnyKilroy
Cajun Navy Vice Admiral
Member since Oct 2012
35558 posts
Posted on 2/18/21 at 5:35 pm to
Peterffy reconfirmed that market collapse was imminent today. If the price had held or continued to rise, over 270m shares would have to be purchased on only 50m registered shares.

What should have happened is the sec should have halted all gme trading and a buyout should have occurred.

Peterffy unequivocally admits reddit was right and they took their last resort option to save themselves/the system.

Eta: Video

In summary: Retail traders betting their life savings is bad, dumb and they deserve to lose all their money for that bad, dumb choice. Brokerages, hedge funds and MMs exposing themselves to INFINITE downside risk and threatening the entire market? No problemo
This post was edited on 2/18/21 at 5:47 pm
Posted by oklahogjr
Gold Membership
Member since Jan 2010
36765 posts
Posted on 2/18/21 at 6:18 pm to
Giving this a watch now holy shite. frick robinhood
Posted by Jjdoc
Cali
Member since Mar 2016
53502 posts
Posted on 2/18/21 at 6:34 pm to
quote:

who gets to decide what information is legitimate information?





The Party!


That whole line of thinking is being applied to everything!
Posted by 13SaintTiger
Isle of Capri
Member since Sep 2011
18315 posts
Posted on 2/18/21 at 6:43 pm to
This should be its own thread. Lots of resident experts (slackster) who said it’s not true
Posted by rocket31
Member since Jan 2008
41819 posts
Posted on 2/18/21 at 6:59 pm to
that a-hole openly admits he was going to likely go bankrupt

amazing
Posted by JohnnyKilroy
Cajun Navy Vice Admiral
Member since Oct 2012
35558 posts
Posted on 2/18/21 at 7:00 pm to
On one hand frick Peterffy but I appreciate his candidness
Posted by lsu777
Lake Charles
Member since Jan 2004
31443 posts
Posted on 2/19/21 at 11:40 am to
wait so did Maxine Waters really ask why customers arent entotled to a refund when they lose money on stocks?

all over twitter that she did. Anyone got a video?
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