I heard it was closer to 300%.. Their greed consumed them and now the system has been exposed.. Someone somewhere was creating phony stocks to play this shell game.. How can you loan 140% or 300% of something you may only have 20% of?? Can we say SECURITIES FRAUD?? And if they are loaning stocks they don't own but people like you and I do while they are just the repository administrator that is EMBEZZLEMENT.. Serious crimes are involved here and the rot is far and wide in the brokerage houses..
It's theoretically possible to over-short a stock but no one's been dumb enough to do it until now.
What they've done is sold PROMISES of stock, which is yet another special Wall Street financial device that us mere mortal retail investors will never have access to.
Technically they've just created a pyramid scheme but with stocks instead of money. Everyone on the street looks the other way on it.
But now it's been blown wide open for the entire world to look at and a lot of members of congress are pissed about it.
Half of those members are pissed because their individual portfolios are probably heavily invested in the affected hedge funds, the other half is pissed because they didn't get in on that easy money years ago.
None of them are really pissed that it's fucking over the regular retail investor or the companies it directly crashes into the ground.
I want to see it all crash and burn now.
They didn't learn a goddamn thing when their greed crashed the U.S. economy back in '08.
They learned they could crash it and get paid..and Obama was the slick talker to convince us. And when the deed was done, and the money was paid out to the banks, the banks spent 70 billion of it for bonuses that they gifted to themselves..
Does that mean they borrowed x amount of shares to short and promised to return those shares and another 40% shares when they finally closed it out? I don't even think loan sharks throw out those kinds of figures, especially if they are also your bookie with fucked up odds you want to lay it on a bet.
it's a dynamic gradient on the way down. anybody sells—they're first in line to snatch it back up, ride the schizophrenic flailing, and continue making millions on that yo-yo action
they play it like that because it hasn't been a problem. now, it's a problem. don't like it? fight back: either directly or by voting for people who you believe are sufficiently committed to changing it
I heard it was closer to 300%.. Their greed consumed them and now the system has been exposed.. Someone somewhere was creating phony stocks to play this shell game.. How can you loan 140% or 300% of something you may only have 20% of?? Can we say SECURITIES FRAUD?? And if they are loaning stocks they don't own but people like you and I do while they are just the repository administrator that is EMBEZZLEMENT.. Serious crimes are involved here and the rot is far and wide in the brokerage houses..
It's theoretically possible to over-short a stock but no one's been dumb enough to do it until now.
What they've done is sold PROMISES of stock, which is yet another special Wall Street financial device that us mere mortal retail investors will never have access to.
Technically they've just created a pyramid scheme but with stocks instead of money. Everyone on the street looks the other way on it.
But now it's been blown wide open for the entire world to look at and a lot of members of congress are pissed about it.
Half of those members are pissed because their individual portfolios are probably heavily invested in the affected hedge funds, the other half is pissed because they didn't get in on that easy money years ago.
None of them are really pissed that it's fucking over the regular retail investor or the companies it directly crashes into the ground.
I want to see it all crash and burn now.
They didn't learn a goddamn thing when their greed crashed the U.S. economy back in '08.
They learned they could crash it and get paid..and Obama was the slick talker to convince us. And when the deed was done, and the money was paid out to the banks, the banks spent 70 billion of it for bonuses that they gifted to themselves..
Wait until you find out about the banking industry and the fractional-reserve system.
The same share can be sold more than once if the buyer then lends their share out for shorting.
Does that mean they borrowed x amount of shares to short and promised to return those shares and another 40% shares when they finally closed it out? I don't even think loan sharks throw out those kinds of figures, especially if they are also your bookie with fucked up odds you want to lay it on a bet.
it's a dynamic gradient on the way down. anybody sells—they're first in line to snatch it back up, ride the schizophrenic flailing, and continue making millions on that yo-yo action
they play it like that because it hasn't been a problem. now, it's a problem. don't like it? fight back: either directly or by voting for people who you believe are sufficiently committed to changing it
They will just move the deals to under the table so we just don't know where to hit them..