How in the Hell can these MULTI-BILLION DOLLAR HEDGE FUNDS GET OFF SCOTT FREE FOR MAKING A BAD BET!
THIS IS GOING TO BE 2009 ALL OVER AGAIN!!!!!
These are suppose to be the most sophisticated and smartest investors in the world and they have one bad week and lose everything and they claim they need help because the small guy just out smarted them?
AMERICA IS SO FUCKING DONE WITH THIS SHIT!
Money printer goes brrrrt
Xiden's phone go BRRRRR
some rich buddies of his lost a lot of money.
Lol yes they did
Sleepy Joe’s donors got burnt.
Brrrttttt fuken brrrrrtt
If it's already being said by the MSM you better believe it's incoming.
Good.
Tear this whole fucking system apart. To hell with it all.
That is where I am at as well. Nothing short of a war with the government and media.etc will fix this.
I’m all in on accelerationism at this point.
Bailing out a bunch of rich elites will be the one thing that would unite the Socialist Left with the Nationalist Right.
Socialist left + Nationalist right = Nazi midddle?
Yeah the MSM is isn't speculating it's just to convince the people what the government is going to do is right thing to do.
"CNBC IS SAYING AMERICA SHOULD BAIL OUT THE LOSING HEDGE FUNDS THAT LOST ON THEIR GAMESTOP POSITIONS"
America SHOULD NOT!
Play stupid games, win stupid prizes.
NO one but themselves made the call place their bets.
Unless those stupid games are from GameStop. In which case, the stupid prize is losing your hedge fund for being too much of a greed asshole.
They'll get a lot more than 600 bucks.
Apparently legislation is already being crafted.
Already written up. They have all these bills written up and ready to go at a moments notice. In this case shorting still makes a ton of money for large corporations at the expense of the little guy so it was ok. This week they got out smarted and are whining like little children. They have zero empathy for the people they take money from.
They want you to remain poor and powerless while they loot every last drop of wealth from our system. When it collapses they'll flee to any country they so choose because they owe allegiance to no one and nothing but power.
They know exactly what they want and just wait for the right moment to make it seem "natural" to propose it.
It will likely make it illegal for private individuals to do the things hedge funds do every day.
That’s a great way to make people loose faith in the stock market.
Yup, definitely worth watching them squirm.
My guess - the DNC will convince a RINO to introduce the bill so they can maintain the illusion that republiscums are only for the rich with their headlines and talking points. But then most dems and RINOs will ensure it passes. Wallstreet wins again.
We should have left the city too the Dutch. Let it stay new Amsterdam.
Where did you learn this
Nope. Fuck all of them. Let them ALL bleed out. Expose their corruption, watch them all suffer.
Hedge fund managers, over-leveraged investors, international bankers... they play with our money and over-extend themselves, this is what they deserve. Let it all collapse. Seize their assets. IDGAF anymore.
Let them and join us in taking that money back from them. Fuck people that short stocks. I've tripled my account this week.
Shorting stocks is okay, but you shouldn't over short stocks. People who shorted stocks discovered the fraud with Enron. The issue is that these funds aren't being run by competent people, but rather financial analysts that barely understand the internet and have to use it each day.
Shorting is stupid, just sell high then wait to buy low, shorting binds you which is dumb
join the fight pedes
CNBC is the propaganda arm of the hedge funds. Melvin could have gotten out earlier, but the greedy fuckers let their pride get in the way. Bleed them dry!!
It's because the thieves raping our society have rigged the game. Playing by the rules and making them lose is absolutely unforgivable. They refuse to lose, especially when they deserve to. See: 2008.
There is no America. Only a slave-state ruled by ethnic supremacists like Epstein, Weinstein, Feinstein, Maxwell, Schiff, Schumer, Newsom, Cuomo, Nadler, Breyer, Kagan, Jeff Zucker, Zuckerberg, Schmidt, Bloomberg, Jamie Dimon, Mark Cuban, Alan Greenspan, George Soros, Sheldon Edelson, Rod Rosenstein, Tom Wolf, Eric Cantor, Alan Dershowitz, Andy Levin, Stephen Cohen... The list goes on and on and on. And on. And on. These are the same people accusing us of white supremacy for wanting to run our own country. They control social media, political funding, the finance industry, and even subvert Christianity, all to support their racial oligarchy.
They brag about it openly like Haaretz did with 11 members of Biden's cabinet, but if you act like it's a problem, you are condemned and silenced, even by so-called conservatives.
So let me go on record saying this is all ideal and perfect and surely they'll put our interests above their own and rule us wisely and judiciously.
Oi vey!
Silly goyim, the market is for us to take more money from you, not the other way around
I agree with you completely. If "diversity is our strength", why don't they import refugees into Israel?
bailout really means the government is buying to own.
Ding ding ding ding
Well, with GEOTUS taking a well-earned break, we need something to turn our attention to. And, after years of eating shit, it's about time WSB got a W.
NAH They can go fuck themselves.
HA...HA...HA...HA...HA...HA
lol is this surprising why do you think major companies donate to both candidates, no matter who wins, they win.
Here's the thing though, the "small guy" didn't outsmart them. They knew something like this could happen and they don't care.
The majority of these shitsack hedge funds have tied up peoples 401ks, IRAs, etc in their funny money, "daddy needs another new house and a trip to Cabo" game so deeply, that if they lose, we lose more. They either get bailed out with our tax dollars, or the collective wealth of the nation crashes and burns.
They're holding us hostage while we think we're winning.
Let it burn.
I mean if enough pedes called in and cashed out their 401ks on the same day it could happen.
Investing in actual value of companies is fine though. It should be encouraged. It helps companies grow. It helps us regular people save money.
But these fucks betting against companies, leveraging other peoples money and profiting from losses - THEY are the problem.
The 25% tax and 10% fee would hurt but would be worth it.
Let it burn.
Shit can literally not go tits up if you are one of these managers. Worst comes to worst, you buy index funds and look smart.
There's going to be a depression like no other no matter what happens whether it's under socialism or the globlast perversion of crony-capitalism.
SOME PIGS ARE MORE EQUAL THAN OTHERS
This is why I want too big to fail, to fail.
lol why not just go full commie already
Bet your ass, lose your ass. Ce est la vie.
They never tried this under Trump
Options are merely gambling. They are a scourge on the market and the economy. You shouldn't be able to short stocks period especially during a financial crises.
Options are actually meant to be used as insurance contracts. If you have a position in company XYZ of 100 shares and the economy is tanking then you would normally Buy an Options contract for an "Insurance" Premium to secure your shares from a downtrend. You could also short shares to receive Credit and protect yourself from a downtrend. I really hope MSM doesn't paint this as Wall street needing more regulation for small traders. It really is a good "market" where you could buy and sell goods in various ways. They already fuck us enough, say no to regulation.
But that's not the nature of options or credit default swaps. I can't insure a house I don't own. I cannot insure it for more than it is worth. In particular, I cannot insure your house 100 times over and come around and play with matches.
I'm not saying you can't gamble with them, I'm just saying they aren't for "merely gambling". You can use a car as a weapon, it doesn't mean it's a weapon.
And markets are different than home insurance. I really don't see why you can't buy insurance contracts from an open market to hold in case someone wants to buy. You're basically playing broker.
Remember credit default swaps? That's the purest "insurance" style instrument. Not only could you (and still can) sell more CDS than you can back with anything (if the insurance policy happens, it is impossible to claim it because the counter-party is dead); you can also buy insurance for things you don't own. There was 60 trillion of this garbage in 2008, more now. It nearly imploded the world economy and you the tax payer were on the hook for trillions to prevent the nuke from going off.
I have no idea on the regulation for Credit Default Swaps.
I'm talking about Options and you can't sell an infinite amount of Option contracts. You need Cash, Collateral, and/or Margin to base the amount of contracts you can sell. I can't sell a million dollars worth of contracts and only have an account size of 10,000$.
They shouldn't have bailed out private corporations with Public money.
"I have no idea on the regulation for Credit Default Swaps." - There is none
"I'm talking about Options and you can't sell an infinite amount of Option contracts. You need Cash, Collateral, and/or Margin to base the amount of contracts you can sell. I can't sell a million dollars worth of contracts and only have an account size of 10,000$."
That's not true of CDSs. And for the less idiotic options trading you're still enabling pure gambling and claiming it aids in price discovery and liquidity when it's 90% robots engaged in a battle of high-frequency-stealing of a few cents here and a dime there. If there is ever volatility that volume goes to nothing; the robots are only doing their bullshit when things are predictable; it's fake volume. There's also the issue of naked shorting, which is selling something you don't even have. "Market makers" get this priviledge because it's never supposed to last a long time and it facilitates trades; but they can and do use their position as "market maker" to gamble and they are not properly firewalled off from hedge funds. This may well be what happened here.
"They shouldn't have bailed out private corporations with Public money." - They didn't have a choice. Wallstreet had rigged up a 60 trillion dollar nuclear bomb and nobody knew where the trigger for the bomb would turn out to be. Heads I win, tails you lose. Too big to fail should have resulted in too big to exist; dismantled into little pieces and CDSs invalidated.
This is the PERFECT analogy.
Can you gamble on options? Yes. But to say they are a scourge on the market and economy is just wrong. They are a great tool to hedge risk and minimize losses when used properly.
Naked shorting is criminal.
Options and naked shorting are 2 very different things.
Can't have one without the other.
That's not true at all.
options are great investment tools for hedging market risk for people dealing in commodities like farmers/oil well owners/etc. an options contract is not the same as staking a short position (or long for that matter). While both are levered, they function much differently. An options contract is paying upfront for "the right to buy" usually 100 shares at a predetermined price. If the stock moves in your favor the value of your contract increases. opposite for if it moves against you. The worst that can happen here is the contract "right to buy" expires worthless and you lose a your money. Taking a short position is going to the broker and "borrowing" shares that YOU DONT own from the brokerage house and dumping them into the market to create downward presssure on the stock. They then go back in and buy the shares back that they sold that weren't theirs to sell at a cheaper price, return them to the broker and profit the margin. When they get squeezed out and the plan doesn't work, like with gamestop, there are no shares to buy back which puts even more unusual upward pressure on the stock price and the pump is primed for massive massive losses.
I doubt anyone would buy into that.
They already are not subject to the same tax rates--it is outrageous to even consider bailing them out. No wonder Democrats have become their darlings.
Bailouts are a great way at alienating the socialist left.
Pelosi buys $1m in Tesla (in her hubby's name) a DAY before Biden's EO, but I can't buy stock in my beloved GameStop?
Tyranny.
Here comes the hyperinflation...
No way. What’s good for goose is good for the gander. Speaking of goose.. how you hedge fund managers liking that China Viirus Anal Probe?
Best I can do is to bail them out of the river after they all jump off the Brooklyn Bridge for their poor decisions.
Nope. We'll just fucking do it again, and again and again
Given the amount of debt, what does it matter at this point? Wallstreetbets should keep at it. Probably at some point Biden will do bail-ins like cypress did. Aka taking money directly out of people's accounts
I say WSB team up with us and become a weapon for freedom by waging a financial war with the elite.
I still remember "too big to fail" from 08 🎪🥔
Why should Main Street bail out Wall Street? If the money is going to American investors, then shouldn't Commies want that wealth to be redistributed from the 1 percent to the other 99 percent?
Nailed it!
how much longer before the People rise up and say "enough".
Too big to fail, that’s how. Plus we can’t let our donors be humiliated like this. They might cut back on our donations!
(Big Bank loses money)
Gov't: This is dire, use tax money to bail them out...
(Normal citizen loses money in his retirement account)
Gov't: FUCK 'EM
cNPC?
I sold all of my gamestop stocks in November.:(
Well are you in luck! Next Monday morning you'll be able to get some sweet deals!
Doing that might turn this COVID recession into the Second Great Depression.
Whatever I’m all in on accelerationism at this point.
Let the country go down in flames so that we can rebuild from the ground up.
Then we do it again... and again.... and again....
th emorte we buy the deeper the blqack hle of debt gets for wal street please help buy buy buy
Communists only want capitalism to work for them.
CNBC can kiss my brown ass and Biden can sniff it when they’re done.
there goes any further stimulus checks for us.
Buy the dip faggots.
Remember when OccupyWallStreet got taken over by wacko leftist feminist tranny bullshit and then every bank slapped a rainbow on their logo and the NPCs lapped it up?
But there are bugs in the NPC programming and their love of financial institutions has been tenuous at best and shoddily maintained by the media masters since they quashed the movement. Would love to see it all come crashing down, and I hope GameStopGate is the catalyst.
Scott reeeeeeeeeee
What about the Fucking FREE Market!!!!
BASTA!
If we burn! You burn with us!!! Lol go reditards!
Just print more money and help them out bigot!
They screw us over shorting and making fake news tweets!
Can anyone tell me why gamestop is rocketing
Because of a short squeeze. If I borrow a gamestop stock from you and sell it, then I promise to buy it back and give it back to you at a later date I am betting that the stock will go down in price. I am short GME. If you buy the stock and just hold you are long GME.
There are more people who are short GME than there are GME stocks avaible on the market (this can happen with ought-to-be-illegal naked shorting or because if I short the stock, I've sold it to someone, who in turn can borrow it out to be shorted again, ad infinitum).
If I'm long GME, all I can lose is the value of the stock. But if I am short GME, there is no theoretical limit how high GME can go, so my losses can theoretically be infinite when I have to buy it back at an infinitely high price. So you have some large hedge funds making huge bets GME will drop in price. When the stock went up; because it was kind of undervalued; they doubled down on their short position instead of taking a loss.
The people who are short GME are seeing the stock go up and they don't want to buy it back; and the people who are holding it are seeing it go up and are unwilling to sell and take a profit now (it can go up more, especially if there is short squeeze). At some point as the stock keeps going up they either get cold feet and buy it back to stop losses, or they literally go bankrupt and are forced to then buy the stock back and take the loss. The action of buying the stock back at $40 drives the stock up (some people are willing to sell at $40, some people at $50 and so on, so if you are trying to quickly buy a lot of GME the price shoots up). As the price shoots up, this forces more shorts to unwind their position and buy back stocks now to cut their losses.
A reddit forum discovered how massively overshorted this stock was and as it started shooting up. A bunch of autists piled on and drove it upwards, causing shorts to be squeezed, causing it to keep rocketing upwards. In theory they have made a lot of money at the expense of those hedge funds who were shorting, but they've only made that money when they finally sell their GME stocks; short squeezes tend to have this exponential ramp up and exponential ramp down with a narrow peak. If you buy in late (buy when it's expensive) and sell too late (when it's below what you paid) then you've obviously lost money. Stock prices are sort of fractal and you can't really time it or know if this little dip here is the end of this exponential run up in price or if it's just a dip and it will explode upwards again tomorrow. If you go full retard and buy GME at $350 which it is absolutely not worth; it can still go to $5000 or it may be right at the peak already. The only way for it to got $5000 is that there is a bigger retard willing to pay $5000 thinking it will keep going higher. Even if everyone rationally knows it's not worth that; it can be rational to irrationally pile on if you think you can get out before the price crashes again.
what ? ive just spent 2k on gamestop. u telling me it was all for nothing?