Originally posted by cdtm
The fact we don't have national conversations about this kind of thing is what sets me off, to be honest.All our best and brightest are set in their ways criticising Trump, or Republicans, or weighing in on birth control or immigration policy.
All fine topics, but I also want these intelligent people to argue about hedge funds controlling stocks, while the general public gets frozen out.
I want them to debate about how to end corruption at the top of power.
Or how to prevent tyranny of the majority at the bottom.
I mean, where's all that anger against the failures kf human nature, or the systemic problems of government?
Democrats and Republicans are part a bigger problem. Just like this Gamestop fiasco is part of a much bigger problem.
Talk about that, and how to fix it.
Short-selling is fine, and ****ing over short-sellers by creating an artificial demand is also fine.
Also, this is stuff you learn in high school. So people aren't held in the dark.
Originally posted by cdtm
AOC should be all over that. This is the kind of thing she signed on for.
Originally posted by Darth Thor
Its not about who gets rich. Its about manipulating the market the way bigger powers do.Its also about getting together to save companies we care about.
That said the advice from Wall Street brokers was to avoid these stocks.
It's about screwing over the hedge funds because it was found out that they shorted a crazy amount and could be destroyed.
But I disagree wholeheartedly it's about saving companies. Maybe for a select few but most comments are about screwing hedge fund owners.
But in reality, Gamespot, Bath/Beyond, Blackberry are failing companies. Even if this brings new life into them, I assume most of them will eventually crash anyways.
Also..I find kind of disgusting that people are worried about corporations that caused their own failures.
Originally posted by Smasandian
It's about screwing over the hedge funds because it was found out that they shorted a crazy amount and could be destroyed.But I disagree wholeheartedly it's about saving companies. Maybe for a select few but most comments are about screwing hedge fund owners.
But in reality, Gamespot, Bath/Beyond, Blackberry are failing companies. Even if this brings new life into them, I assume most of them will eventually crash anyways.
Also..I find kind of disgusting that people are worried about corporations that caused their own failures.
Could definitely help save Cinemas.
Originally posted by Smasandian
It's about screwing over the hedge funds because it was found out that they shorted a crazy amount and could be destroyed.But I disagree wholeheartedly it's about saving companies. Maybe for a select few but most comments are about screwing hedge fund owners.
Who the **** cares? Average retail investor screwing over hedge funds is a good thing.
Originally posted by Smasandian
What's happening with GME I heard is legitimate.But the rest of the stock (BB, AMC and stuff) is basically pump and dump...which I think considered market manipulation. I have to assume SEC will come down hard on that.
But Market Manipulation is what the Fed was doing all of 2020.
Originally posted by ares834
Who the **** cares? Average retail investor screwing over hedge funds is a good thing.
I agree. I'm not sad some hedge funds are getting screwed due to their reckless investing. What has happened with GME is interesting and they should get screwed for making such a risky decision like that.
But eventually, when WSB says "invest in AMC", are you actually screwing over a hedge fund? Or is it a group of people pumping the stock because they bought low and when it gets high...they sell...which then ****s retail investors who went all in and don't know any better. I also agree that SEC need to investigate what the **** happened with Robinhood and etc.
That is no different than the dude from Wolf on Wall Street pumping shit stocks to unsuspected people.
Do we honestly believe this is ****ing everybody over? No, just the specific hedge funds that ****ed up....others are probably making a ****ing mint.
Don't get me wrong. I would prefer retail investors to get money rather than hedge fund managers.
I'm just worried for people that get caught up on this...getting screwed. And even other groups do bad things, I would prefer if nobody does bad things.
I also wonder if regular people who have retirement savings/mutual funds in some of these hedge funds are going to lose their own savings. But I do not know enough about who uses these hedge funds.
Losses are reportedly at 19 billion for short sellers lmao
Originally posted by truejedi
It's not really as simple as poor sticking it to the rich. Hedge funds collapsing is bad for people's retirements.
Sure. The same way the crooks in Enron ruined a lot of lives.
That's why Obama said the bankers and such were "Too big to fail".
The thing is, their actions ruin lives anyways. They need to be stopped.
Originally posted by cdtm
The fact we don't have national conversations about this kind of thing is what sets me off, to be honest.All our best and brightest are set in their ways criticising Trump, or Republicans, or weighing in on birth control or immigration policy.
All fine topics, but I also want these intelligent people to argue about hedge funds controlling stocks, while the general public gets frozen out.
I want them to debate about how to end corruption at the top of power.
Or how to prevent tyranny of the majority at the bottom.
I mean, where's all that anger against the failures kf human nature, or the systemic problems of government?
Democrats and Republicans are part a bigger problem. Just like this Gamestop fiasco is part of a much bigger problem.
Talk about that, and how to fix it.
The people going around constantly bashing Trump are not our "best and brightest" lmao. Not even close. On the contrary, they are actually our worst and dumbest (and most ignorant). 👆