Aut cum scuto aut in scuto
I can assure you that no matter how’s this turns out the wealthy will not lose a penny... The Golden Rule = Those who hold the gold make the rules...
Isn't it amazing how they gloat over keeping the "rich get richer" philosophy in tact but cry like little girls when a bunch of little guys get together to beat them at their own game....
That is why they have the SEC - to protect them from outsiders and little people. Just watch and see.
These Wall street Moguls are motivated by their accruing of limitless billions. They are cultural Neurotic Compulsive Obsessives. The amounts are insignificant. In short they are the human equivalents of the comic book character Scrooge McDuck.
Pitchforks and hot tar.....very very VERY hot tar.......it is waaaaaaaaay past time.
As long as us peasants keep settling for the scraps they toss us nothing will change. Trump tried to change the "system" and look what happened to him.
Has 'president' chairman Xiden said anything yet about protecting the little guy?I bet you the Xiden family was shorting the stock too.
The unasked question is this: When a hedge fund shorts a stock and makes money on the deal who loses? Shorting a stock IS market manipulation plain and simple. When you "borrow" a stock that you don't own, then sell it with express purpose that you will drive the price down by selling a lot of it, you cause the masses to sell it out of desperation to cut their losses, which further depresses the price. Then you buy it on the cheap and return the shares to the holders that you "borrowed" it from and pocket the difference. The individual investors who blink get screwed, so do the retires who need to take a minimum required distribution from their retirement account when the stock has been manipulated downward. If the SEC wanted to stop this they would not allow buying or selling on a margin, but they know this is a casino so they are complicit with the "investment" banks.
It doesn't matter if the SEC or the powers that be come to the rescue of the hedge fund managers. The Redditt gang has dragged the whole sordid mess out into the daylight. You can't un-ring a bell.
Can't wait to see Melvin Capital in bankruptcy. Hope it comes to fruition.
Look at all the things that have been exposed in just the last two years. And the Government wonders why people are angry.
Little old Game Stop is one of the most traded stocks in the stock market. Those big players are using it as their own piggy bank. A small store that sells video games during a pandemic....a lot of young folks rely on that place to keep them sane and these moguls were attempting to drive it into the dirt. Well, not so much. I am rooting for these little guys to make these people suffer! The Reddit thread "WallStreetBets" is full of young folks bound and determined to make these big players pay for what they did to the economy in 2008. I personally lost over 100K and my house was underwater for years. I am just now coming out of the hole those bastards dug for us...and no one was held responsible for the crap they did.
In the same frame as Trump in his exposing how deep and incestuous the Swamp is, the Reddit gang has exposed the Stock Market and Hedge Fund people for what they are. The results of this game will no doubt cause losses for many Hedge Fund Managers, as rational people will no longer be throwing their money and trust in these snakes. They will still have plenty of suckers to ply, just not the volume as before.
Like biten says, he can build solar panels.