GME = Election SEC = FBI, DOJ, FEC Robin Hood = Dominion Media = Media Democrats = Democrats
All these interchanged colluded and conspired to screw the (voters) (retail traders). Smart people over there, but they remind me of liberal gun owners who cannot see the clear problem with their conflicting views.
The shorting Hedge funds lost BILLIONS! They needed bailouts! Do you understand this? Other funds made money of course but definitely not the shorts. And the corruption was exposed as trading was shut down. Now there are multiple class action lawsuits that will need settling, plus huge settlements to the government. And the short squeeze continues. Hedge funds shorted at prices well below the current price and those short are not covered. GME retail holders are NOT selling and it's costing short sellers millions of dollars each day. Those are the facts.
Hedge funds didn't lose shit... the tax payer will be bailing them out. So really all the commies at WSB did was grift from the American taxpayer. Those are the facts.
Yep said it since day one . Reddit users are idiots, that's why they are on reddit. You dangle some shiny object in front of them like a baby while you take money and rights out of their back pocket. I hope a lot of people lost their money on this. The more people we can wake up and get to stop listening to the teenagers and college students there the better.
They did, but not in a way that's going to end up with brokers jumping out of windows like tomorrow. They all had to 'raise capital' to cover interest on the shorts, to the tune of $4.5B. So far, they've fleeced the rich to make that happen.
In some cases, they reopened investment into higher-performing funds, effectively adding to the lower tier of the Ponzi pyramid but diluting returns for all the investors.
In other cases, they were forced to liquidate long positions on other securities before they made money on them, reducing future fund performance. It'll hit them in the wallet a few years from now, when deep pockets take their business to other higher performing hedge funds, but it's not going to be an immediate and visible "too big to fail" suicide event.