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Started By
Message
re: If the SEC or Fed steps in to help the Wall Street institutions that shorted GME....
Posted on 1/28/21 at 9:43 am to The Spleen
Posted on 1/28/21 at 9:43 am to The Spleen
quote:this ain’t it
It's maddening because a lot of these people are the same ones that will cry socialism whenever AOC, Bernie, or Liz Warren talk about reigning in Wall St with better oversight and regulations.
0
Posted on 1/28/21 at 9:47 am to The Spleen
quote:
I would commend any Republican lawmaker calling for more oversight of Wall St and the financial industry. I'm not aware of one doing that, but open to hear of any you may know of.
Continuing to think that way will ensure that our two tiered system never gets resolved. Seriously. Stop being a partisan hack.
If the answer is more regulation, it damn well better not be on the retail investor - who have already been throttled this morning (likely illegally) when trading platforms limited their ability to buy GME.
Posted on 1/28/21 at 9:48 am to The Spleen
quote:
It's maddening because a lot of these people are the same ones that will cry socialism whenever AOC, Bernie, or Liz Warren talk about reigning in Wall St with better oversight and regulations.
quote:
The Spleen
AS they say on TV you are two time zones behind your own arse with this republican/democrat bullshite.
The answer is to let investment firms that made stupid, risky decisions fail. If you logged onto e-trade and did something stupid, you could potentially lose your shirt. Why shouldn't they face the same repercussions?
This post was edited on 1/28/21 at 9:51 am
Posted on 1/28/21 at 9:51 am to castorinho
quote:
It'll come down crashing, but after a lot of these hedge funds get fricked
Looks like they are fighting back by forcing Robinhood to stop buy orders.
Posted on 1/28/21 at 9:51 am to KickPuncher
quote:
FYI, Melvin is a company that shorted the frick out of GME, which was shorted 40% more than the actual stocks that are 'out there'. Highly illegal. But Melvin has lost billions so far and lost that 3 billion loan pretty damn quick too. So they trying to get their money back before they end up homeless.
You have no clue what you’re talking about. Half truths like this do no good.
Posted on 1/28/21 at 9:53 am to dewster
quote:
Continuing to think that way will ensure that our two tiered system never gets resolved. Seriously. Stop being a partisan hack.
Majority of posters in this thread - Something must be done about Wall St and how they manipulate the markets! Hedge funds are bad!!
Me - Here are 3 lawmakers that have been screaming this for a while now.
This board - Wow, partisan hack much, you dirty socialist?
Posted on 1/28/21 at 9:53 am to slackster
quote:
But Melvin has lost billions so far and lost that 3 billion loan pretty damn quick too. So they trying to get their money back before they end up homeless.
You aren't wrong.
I wonder if the trading platforms will have coordinated technical glitches when it's eventually time to sell GME.
Posted on 1/28/21 at 9:53 am to goofball
quote:
It'll come down crashing, but after a lot of these hedge funds get fricked
Looks like they are fighting back by forcing Robinhood to stop buy orders.
Pretty interesting when the hedgefund managers can use market manipulation to stop "illegal" market manipulation...
Posted on 1/28/21 at 9:54 am to goofball
quote:
AS they say on TV you are two time zones behind your own arse with this republican/democrat bullshite.
Correct. It's the people vs washington/wall street.
Posted on 1/28/21 at 9:55 am to JasonMason
quote:
Correct. It's the people vs washington/wall street.
Add big tech to that and you'd have yourself a new political party if people weren't so fricking stupid.
Posted on 1/28/21 at 9:57 am to slackster
quote:Thats why you let everyone in on what I was bullshitting about and set the record straight with facts right? Oh yeah you the one full of shite.
You have no clue what you’re talking about. Half truths like this do no good.
Citadel, Point72 to Invest $2.75 Billion Into Melvin Capital Management
How is shorting a stock 140%+ legal again?
Posted on 1/28/21 at 9:59 am to JasonMason
Posted on 1/28/21 at 10:00 am to The Spleen
People on here are unwilling to admit that "the free market" is in need of serious regulation and a comeuppance for the crimes that Wall Street suits and the like have been committing for the last 40 years.
This post was edited on 1/28/21 at 10:01 am
Posted on 1/28/21 at 10:01 am to KickPuncher
Borrowed from the PT
...
...
Posted on 1/28/21 at 10:02 am to goofball
quote:
Ja Rule
@jarule
Yo this is a fricking CRIME what
@RobinhoodApp
is doing DO NOT SELL!!! HOLD THE LINE... WTF
We finally got Ja to make sense of all of this.
Posted on 1/28/21 at 10:03 am to usc6158
quote:
We finally got Ja to make sense of all of this.
Who?
Posted on 1/28/21 at 10:05 am to Nigel Farage
quote:
People on here are unwilling to admit that "the free market" is in need of serious regulation and a comeuppance for the crimes that Wall Street suits and the like have been committing for the last 40 years.
I think we'd be satisfied if the rules that exist were applied equally. They aren't even doing that - be it Wall Street, Big Tech censorship, or politics.
Posted on 1/28/21 at 10:06 am to goofball
Class action lawsuit incoming. This is straight up market manipulation by Citadel.
Posted on 1/28/21 at 10:07 am to tgrbaitn08
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.
Idgaf about Melvin Capital or any other hedge fund going belly up. I think this GME situation is incredible and bravo to those who started it, but many of you don’t understand the dynamics that are at play here with brokerage firms. It’s much easier to just blame it “on the man” than it is to fully grasp the responsibilities firms have.
Robinhood et al isn’t stopping you from buying GME so they can appease some hedge fund, they’re stopping you because they’ll get sued into oblivion by the retail investors who will get left holding the bag. No firm is under any obligation to allow people to buy anything, solicited or unsolicited, so if they allow you to buy it, they are subject to legal scrutiny that typically errs on the side of the investor.
Lastly, who cares if they won’t let retail investors buy more? The entire premise of this squeeze was to get GME moving upward, never sell, and watch the shorts bury themselves as they cover. Halting trading for retail investors doesn’t put a dent in that. The only reason GME can fall 30% like it is now is because retail investors are selling. It’s not shorts driving it down.
Posted on 1/28/21 at 10:10 am to goofball
quote:
I think we'd be satisfied if the rules that exist were applied equally. They aren't even doing that - be it Wall Street, Big Tech censorship, or politics.
I think you're right but I also think we need rules in regards to foreign (particularly Chinese)interference in US markets among other things. These companies have sold out the middle class to China for decades, they deserve to have it all crash in on them.
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