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re: If the SEC or Fed steps in to help the Wall Street institutions that shorted GME....
Posted on 1/28/21 at 8:59 am to KickPuncher
Posted on 1/28/21 at 8:59 am to KickPuncher
I think this whole thing is hilarious....
2
Posted on 1/28/21 at 9:01 am to tgrbaitn08
quote:
I think this whole thing is hilarious....
I think it's infuriating as of today. Some trading platforms are only allowing people to close their position on GME and AMC now.
Posted on 1/28/21 at 9:01 am to goofball
quote:
If the SEC or Fed steps in to help the Wall Street institutions that shorted GME....
....and cracks down on small retail investors who discussed a stock on a message board.
Would that finally convince some of you that we are all subjects to the ruling class rather than citizens of the USA?
A lot of people think the system is rigged against the masses that make up the working and middle class and that we have a two tiered justice system. Many think that the 2016 primary was stolen from populist Bernie Sanders. Even more think the 2020 election was fraudulently rigged in favor of a DC insider. If we were not intentionally divided on superficial social issues, the coastal elites would be totally fricked.
All you have to do is look at the housing crash in 2007
Massive fraud, ponzi-ish schemes, and nary a rich guy thrown in jail
I mean at some point in 2007, the ratings agencies that were supposedly above board and unbiased were exposed giving higher than earned ratings just to keep their customers happy. How did no one go to jail???
Posted on 1/28/21 at 9:02 am to dewster
quote:
Some trading platforms are only allowing people to close their position on GME and AMC now.
I dont think thats hilarious..that's fricked up and should be illegal.
Posted on 1/28/21 at 9:02 am to tgrbaitn08
quote:
I think this whole thing is hilarious....
Yep. Expose the hell out of the corrupt, unethical practices of Wall St and hedge funds.
Though I also know that lawmakers(from both sides) will swoop in, bail out Wall St, and pass laws to freeze out the small guys some more.
Posted on 1/28/21 at 9:03 am to Tigeralum2008
quote:
Massive fraud, ponzi-ish schemes, and nary a rich guy thrown in jail
I mean at some point in 2007, the ratings agencies that were supposedly above board and unbiased were exposed giving higher than earned ratings just to keep their customers happy. How did no one go to jail???
The biggest failure of the Obama administration.
Posted on 1/28/21 at 9:03 am to Arthur Bach
quote:
I don’t understand why any intervention by anyone is necessary. Is this not a free market?
YOU must live with your stupid decisions as a retail trader. But apparently Citadel Capital or Melvin Capital don't have to. Whey they are in danger of losing their asses, retail trading platforms get "glitches" at the same time.
If there's intervention, it damn well better be targeted towards anyone limiting retail trades on GME today.
Posted on 1/28/21 at 9:07 am to The Spleen
quote:
The biggest failure of the Obama administration.
Definitely....I also blame Bush for his policies regarding the SEC. The regulatory agency was financially gutted making them a paper tiger unable to stop the absurd level of derivatives being created off one mortgage back security.
Posted on 1/28/21 at 9:08 am to tgrbaitn08
quote:it was hilarious until this morning. Now it’s downright disturbing
I dont think thats hilarious..that's fricked up and should be illegal.
Posted on 1/28/21 at 9:08 am to KickPuncher
quote:
Robinhood uses Citadel to handle their order flow, Citadel was one of the companies that lent Melvin $3 Bil, now they block GME and AMC, it’s Citadel strong arming RH to protect their hedge fund friends.
If true, Robinhood and Citadel (if Citadel survives) will have more lawsuits thrown at them than ever.
Posted on 1/28/21 at 9:09 am to Tigeralum2008
quote:
I mean at some point in 2007, the ratings agencies that were supposedly above board and unbiased were exposed giving higher than earned ratings just to keep their customers happy. How did no one go to jail???
Look up Eric Holder’s “collateral consequences” memo. There are two sets of justice systems in the US—one for the super rich, and one for everyone else.
When super rich people commits heinous acts of fraud, the government cuts themselves in on it and takes profits in the form of fines. When some schmuck does the same, they get mandatory federal sentences.
These fricks in the DOJ caught HSBC dead-to-rights laundering hundreds of millions in Latin drug cartel money into the US financial system. They’re over here kicking down doors and shooting people in bed, and gave HSBC, the ultimate enabler, a whopper fine to fund it.
This post was edited on 1/28/21 at 9:10 am
Posted on 1/28/21 at 9:09 am to GreatLakesTiger24
quote:
it was hilarious until this morning. Now it’s downright disturbing
This is just as fricked up as big tech censorship.
Rules and social decency don't apply to the big guys. But do anything to threaten their money and they will come after you hard.
frick CRONY CAPITALISM. The system is rigged agains tus.
Posted on 1/28/21 at 9:10 am to goofball
I just tried to put $10 on GME or AMC just to see what happens on Robinhood. It is not allowed. This doesn’t feel like freedom.
Posted on 1/28/21 at 9:11 am to The Third Leg
quote:
These fricks in the DOJ caught HSBC dead-to-rights laundering hundreds of millions in Latin drug cartel money into the US financial system. They’re over here kicking down doors and shooting people in bed, and gave HSBC, the ultimate enabler, a whopper fine to fund it.
Forgot about that. You definitely have a point
Posted on 1/28/21 at 9:14 am to Arthur Bach
quote:
I just tried to put $10 on GME or AMC just to see what happens on Robinhood. It is not allowed
Well yeah, the common man exploited a system used by the rich. Can't have that happening. Get back in line.
Posted on 1/28/21 at 9:16 am to BottomlandBrew
If they are so controlling over shite like this why havent they gone after the Crypto game yet?
Posted on 1/28/21 at 9:16 am to GreatLakesTiger24
quote:Actually makes sense why this came out recently "Dept of Homeland Security has issued a National Terrorism Advisory on American Citizens"
it was hilarious until this morning. Now it’s downright disturbing
Wonder if Biden is gonna pull some major bullshite to frick us over while helping out those hedge funds.
Posted on 1/28/21 at 9:17 am to tgrbaitn08
quote:
If they are so controlling over shite like this why havent they gone after the Crypto game yet?
You think the big dogs aren't making money off of crypto?
Posted on 1/28/21 at 9:18 am to HempHead
quote:
You think the big dogs aren't making money off of crypto?
I would think so but so are the little dudes like the ones on Reddit that created this revolution.
Posted on 1/28/21 at 9:18 am to tgrbaitn08
Because they’re in crypto themselves
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