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Tax the rich little guy advocate Liz Warren condemns "anonymous internet trading scheme"

Posted on 1/29/21 at 1:04 pm
Posted by Lsuhoohoo
Member since Sep 2007
96525 posts
Posted on 1/29/21 at 1:04 pm
quote:

@SenWarren

Casino-like swings in stock prices of GameStop reflect wild levels of speculation that don’t help GameStop’s workers or customers and could lead to market instability. Today I told the SEC to explain what exactly it's doing to prevent market manipulation. https://






Posted by Wtodd
Tampa, FL
Member since Oct 2013
67698 posts
Posted on 1/29/21 at 1:05 pm to
How
Posted by ShoeBang
Member since May 2012
19924 posts
Posted on 1/29/21 at 1:06 pm to
So it's cool when billionaires do it. Got it
Posted by Ham Solo
Member since Apr 2015
7750 posts
Posted on 1/29/21 at 1:07 pm to
Maybe this will make a few of the Bernie bro types realize she's not and has never been on their side.

Probably not though. It requires too much logic to realize it.
Posted by the808bass
The Lou
Member since Oct 2012
114030 posts
Posted on 1/29/21 at 1:12 pm to
She’s another talker.
She takes donations from Wall Street.
She meets with the CEOs of JP Morgan Chase, Morgan Stanley and Citigroup.

Her stance for “the little guy” is marketing only.
Posted by blackinthesaddle
Alabama
Member since Jan 2013
1732 posts
Posted on 1/29/21 at 1:15 pm to
She's right, you know. Elizabeth Warren has been trying to protect the common person from Wall Street mechanizations for a long time.

quote:

The stock market is not reflective of real economic conditions felt by communities across the country...
Posted by ShoeBang
Member since May 2012
19924 posts
Posted on 1/29/21 at 1:20 pm to
quote:

Elizabeth Warren has been trying to protect the common person from Wall Street mechanizations for a long time.


As long as she gets hers first.

quote:

TIME magazine listed Elizabeth Warren in 100 Most Influential People of 2015.Her net worth is estimated to be $14.5 million, including her $5 million home, retirement fund, and salaries.


This post was edited on 1/29/21 at 1:22 pm
Posted by Flats
Member since Jul 2019
23164 posts
Posted on 1/29/21 at 1:22 pm to
quote:

Today I told the SEC to explain what exactly it's doing to prevent market manipulation by these peasants. Market manipulation is for politicians and Wall Street.


Fixed.
Posted by Lima Whiskey
Member since Apr 2013
20418 posts
Posted on 1/29/21 at 1:23 pm to
These people are such fakes.

Democrats just want power.
Posted by Vacherie Saint
Member since Aug 2015
41087 posts
Posted on 1/29/21 at 1:24 pm to
she should ask Bidens puppeteers whats going on. They are the ones pressuring brokers to block these trades.
Posted by BaddestAndvari
That Overweight Racist State
Member since Mar 2011
18368 posts
Posted on 1/29/21 at 1:26 pm to
The GME stuff is the reason the big money in the DNC fought so hard for Bernie to never win the primaries - they are bought and paid for by Wall Street, just like most of the Republican party. It's a farce, all of it
Posted by td01241
Savannah
Member since Nov 2012
23836 posts
Posted on 1/29/21 at 1:27 pm to
Hedge funds were betting on 14,000 jobs being lost but it’s retail investors threatening jobs. Right.
Posted by TerryDawg03
The Deep South
Member since Dec 2012
16490 posts
Posted on 1/29/21 at 1:36 pm to
quote:

Today I told the SEC to explain what exactly it's doing to prevent market manipulation


I hope the come back with “outlawing naked shorts” just to piss her off.
Posted by CuyahogaTigerJr
Northeast ohio
Member since Aug 2018
2243 posts
Posted on 1/29/21 at 2:12 pm to
It won’t let me quote from that but if I remember correctly she said

“With many of these trades cloaked in anonymity there is no way of knowing whether messages touting GameStop came from the average Joes or scam artist executing a pump and dump stock scheme “

Wtf does that even mean, is it ok if I do it but not someone on the inside ok I get that but the cloaked in anonymity part, message boards are anonymous we can say and do what we want, I’m a little confused on what she wants here.
Posted by TerryDawg03
The Deep South
Member since Dec 2012
16490 posts
Posted on 1/29/21 at 2:20 pm to
quote:

“ With many of these trades cloaked in anonymity there is no way of knowing whether messages touting GameStop came from the average Joes or scam artist executing a pump and dump stock scheme “


When’s the last time a hedge fund openly admitted to short and distort?
Posted by CuyahogaTigerJr
Northeast ohio
Member since Aug 2018
2243 posts
Posted on 1/29/21 at 2:22 pm to
Right wtf is this
Posted by cwill
Member since Jan 2005
54755 posts
Posted on 1/29/21 at 2:26 pm to
quote:

So it's cool when billionaires do it. Got it


She's banging on both, if you read the letter, but she's missing the point...the market if left alone will work this out. The only shitty thing going on here is Robinhood/Citadel and some others trying to quell the retailers from executing trades.
Posted by Pettifogger
Capitol Hill Autonomous Zone
Member since Feb 2012
80819 posts
Posted on 1/29/21 at 2:28 pm to
It really is amazing

It's like on page 3 she remembered who she was supposed to be and went "shite someone put something in about income inequality"
Posted by ShoeBang
Member since May 2012
19924 posts
Posted on 1/29/21 at 2:29 pm to
quote:

The only shitty thing going on here is Robinhood/Citadel and some others trying to quell the retailers from executing trades.


And the politicians support them. Warren may try to play both sides of the fence here, but her bank account, $5 million wampum home, wanton dishonesty, and position in congress belie her true intentions.
Posted by JPMathews
Louisiana
Member since Jan 2021
23 posts
Posted on 1/29/21 at 2:35 pm to
Did you read this? She’s pro daytraders.
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