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Business, Economics, and Taxes: Capitalism. Yay? >=(

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Sure hope a lot of Gamestop senior execs are using this opportunity to unload their stock shares.

Who am I kidding, i hope they aren't able to unload them until the stock becomes worthless again.
 
CNBC has Warren on.

They're never gonna do that again. She destroyed them when they tried the YOU CAN'T TAX THE WEALTHY THEY'RE THE JOB CREATORS!!!!11 garbage.

Let's go back in time and kill Uncle Milty as a baby, and save a hundred million Americans.
 
I think it's safe to remind people that we live in a participatory system. Which means contact your 3 Congress people to make sure that hedge fund people should not get anything when they are burned by a group of small investors from a internet chat room.

Seriously- I did, and made sure to remind them that pretty much every economic crash is due to bad players on wall st. And that most Wall St recoveries don't include Main St.

No quarter to the collusion to force a company to die.
 
Welp, that was quick.

The stock trading app Robinhood was hit with a class-action lawsuit Thursday almost immediately after restricting the trading of stocks popularized by a Reddit forum.

The suit, filed in the Southern District of New York, claims that the day-trading app “purposefully, willfully, and knowingly removing the stock ‘GME’ [GameStop] from its trading platform in the midst of an unprecedented stock rise thereby deprived retail investors of the ability to invest in the open-market and manipulating the open-market.”
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It must be fun to be the SDNY. They and the DC Court are essentially the only other courts in the US that matter after SCOTUS.

Which, I mean... as it should be. ;-)

gc20171221.png
 
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Kepler said:
CNBC has Warren on.

They're never gonna do that again. She destroyed them when they tried the YOU CAN'T TAX THE WEALTHY THEY'RE THE JOB CREATORS!!!!11 garbage.

Let's go back in time and kill Uncle Milty as a baby, and save a hundred million Americans.
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Ooohh, I need to find the video later.
 
Kepler said:
Welp, that was quick.



It must be fun to be the SDNY. They and the DC Court are essentially the only other courts in the US that matter after SCOTUS.

Which, I mean... as it should be. ;-)

gc20171221.png
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The problem with that lawsuit is exhibited as you read paragraph 2.



2. Robinhood purposefully, willfully, and knowingly removing the stock “GME” from its trading platform in the midst of an unprecedented stock rise thereby deprived retail investors of the ability to invest in the open-market and manipulating the open-market.



The fact that investors can't buy GME through Robinhood doesn't deprive retail investors from investing in GME. It simply deprives them of investing in GME through Robinhood.
 
rufus said:
Sure hope a lot of Gamestop senior execs are using this opportunity to unload their stock shares.

Who am I kidding, i hope they aren't able to unload them until the stock becomes worthless again.
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I’m hoping there are some store managers and the like who suddenly paid off their house and rolled to the mall in a new car.
 
aparch said:
Ooohh, I need to find the video later.
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She was so good the host stooge was sputtering. You could tell it simply did not compute that someone was permitted to say the emperor had no clothes.

The first rule of the con is nobody ever says it's a con and lives.
 
Jimjamesak said:
Mulch the rich.

https://twitter.com/barstoolsports/status/1354860992841326596

(yes I know Barstool is no es bueno but the video is ok)
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I was watching live when he was yapping...his opinions were not well received even by the market loving host. There was a lady who was on and she pimpslapped him. The old guard need to get passed this idea it is just a bunch of D&D nerds using their stimulus to try and make a buck or they are going to get steamrolled.
 
SJHovey said:
Kind of depends upon what he means by "reloaded their shorts," doesn't it?
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Yes. If it means they borrowed more shares and sold to depress the price, well, that should be illegal but it isn't because they bribed Congress to deregulate.

If it means they stopped buys while simultaneously placing more shorts then even in this laughable plutocracy that's almost certainly still illegal, if only because it could burn other rich people, which would make it critical.
 
Kepler said:
Yes. If it means they borrowed more shares and sold to depress the price, well, that should be illegal but it isn't because they bribed Congress to deregulate.

If it means they stopped buys while simultaneously placing more shorts then even in this laughable plutocracy that's almost certainly still illegal, if only because it could burn other rich people, which would make it critical.
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I was making a joke, like in shatting themselves.
 
Handyman said:
I was watching live when he was yapping...his opinions were not well received even by the market loving host. There was a lady who was on and she pimpslapped him. The old guard need to get passed this idea it is just a bunch of D&D nerds using their stimulus to try and make a buck or they are going to get steamrolled.
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Bloomberg has a blonde who is not on the same page as the rest of the criminals, or it's her schtick not to be anyway. She was just roasting the hedge dudes yesterday saying in effect "you love this sh-t when it's your buddies but suddenly it's dangerous because it's you losing." The Masters of the Universe did not care for being treated that way. The media are supposed to be their stenographers.

In general what I have learned over the last few days is Bidness News fellates Wall Street even more overtly than Fox does the GOP.
 
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Handyman said:
I was watching live when he was yapping...his opinions were not well received even by the market loving host. There was a lady who was on and she pimpslapped him. The old guard need to get passed this idea it is just a bunch of D&D nerds using their stimulus to try and make a buck or they are going to get steamrolled.
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Well, more likely to be hanging from a street light at this rate...
 
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