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this has been fascinating to watch over the past week
i am finding a lot of the reported noise out of Wall Street to be incredibly distasteful. Mainly because i haven't forgiven those fucks for the GFC. These slimy fluffybunnies have been caught out, and they are trying to change the rules half way. Need some regulation now do you boys? Eat all the dick
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@pakman said in r/wallstreetbets, GameStop, and institutional investors:
These blokes took out a $10 bn hedge fund!
good!!
it's fucking hilarious too
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@mariner4life yep - fuckers don't like it happening to them so they try and change the rules or paint this as reckless versus how they operate.
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@mariner4life said in r/wallstreetbets, GameStop, and institutional investors:
this has been fascinating to watch over the past week
i am finding a lot of the reported noise out of Wall Street to be incredibly distasteful. Mainly because i haven't forgiven those fucks for the GFC. These slimy fluffybunnies have been caught out, and they are trying to change the rules half way. Need some regulation now do you boys? Eat all the dick
Go on: watch The Big Short again....
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@Paekakboyz said in r/wallstreetbets, GameStop, and institutional investors:
@mariner4life yep - fuckers don't like it happening to them so they try and change the rules or paint this as reckless versus how they operate.
and you know what? they'll almost certainly get their way. America is too tied up in this. If they not only got away with the GFC, but actually profited, got bigger, and stronger out of it, all at the behest of their government, then there is no way a little blip like this will be allowed to happen again
the fucking hide to ask for a trading halt so they can re-establish their positions is unfathomable.
"we're not supposed to lose, they are supposed to lose" is pretty much the argument, which behind closed doors will be "we paid for your election, don't make me move my money to the other guy"
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@NTA said in r/wallstreetbets, GameStop, and institutional investors:
@mariner4life said in r/wallstreetbets, GameStop, and institutional investors:
this has been fascinating to watch over the past week
i am finding a lot of the reported noise out of Wall Street to be incredibly distasteful. Mainly because i haven't forgiven those fucks for the GFC. These slimy fluffybunnies have been caught out, and they are trying to change the rules half way. Need some regulation now do you boys? Eat all the dick
Go on: watch The Big Short again....
haha i only watched it not long ago. i am starting to know it by heart
Ryan Gosling's character is just the fucking best! "I'M JACKED!!! I'M JACKED TO THE TITS!"
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@mariner4life Steve Carell's angry shit is also great.
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I have a brokerage account at Charles Schwab.
They temporarily restricted the buying of GME shares.
They now allow it but require a maintenance requirement of 300%.
The typical maintenance requirement is 30%.Its a funny situation because everyone knows these hedge funds guys are working behind the scenes making all kinds of threats as they lose their shirts. I think I read GME was short sold (using leverage) to 140% at one point. No wonder the squeeze is vicious.
Some brokerages did not allow buying of GME on Thursday but are saying they will allow "restricted" buying on Friday.
Holy fuck , first time I have ever agreed with her.
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@Godder you know, i seem to keep getting fed tidbits that all add up to the glaring idea that our entire financial system is a scam set up to make rich fluffybunnies even more rich. Almost exclusively at the expense of everybody else.
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@Godder from what I've read, Citadel doesn't own Robinhood, they just pay them for order flow. See https://www.cnbc.com/2020/08/13/how-robinhood-makes-money-on-customer-trades-despite-making-it-free.html
So it would make sense to me that Robinhood would want to keep that cash cow alive.
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Seen on FB. Don't think Mr Tamny will be on @mariner4life 's Christmas card list...
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The way this is supposed to work, is that the manager of Sophisticated Hedge Fund, Inc. shorts GME, then goes on CNBC to tell the world how bad the company is. Panicking retail investors dump their GME shares, the price spirals down, and Sophisticated Hedge Fund, Inc. makes bank.
The way this is not supposed to work, is that Dave Portnoy and WSB organize tens of thousands of retail traders to squeeze Sophisticated Hedge Fund, Inc., making profits of several hundred percent over a few days while panicking institutional investors pull their money out of Sophisticated Hedge Fund, Inc., whose assets under management dip precipitously, embarrassing its manager at the next charitable dinner in the Hamptons.
Scenario A is fair and just. Money flows uphill, just as it is meant to do.
Scenario B is market manipulation and pure evil. Money flows downhill, which shakes the very foundations of our economic universe.In comments section.
r/wallstreetbets, GameStop, and institutional investors