Have an acquaintance (she’s been downgraded from friend) who stupidly posted “Why didn’t Bill Clinton get impeached for behavior unbecoming of a president.” Girlfriend.....he DID get impeached for a whole lot LESS than cheating on his wife. But president cheatin ass, multiple baby mama, pussy grabbin, would probably…
invanz
invanz
So a man who fucked around on everyone of his three wives and probably had sex with underage girls, Is “God’s chosen one” but Harris Is a Jezebel.
The pitch I saw years ago was about the poor bastards running the tourism board for the fake version of Wakanda when they were still hidden.
That’s Tolkein white guy.
That’s ridiculous. The movie makes it very clear that going back in time and changing things doesn’t actually change what happened in your timeline, it just creates a new one. So you’d just be leaving the world where everyone was snapped, and creating one where they weren’t. How is that *better* than bringing everyone…
It’s a bad system created by a bad system. True.
So we’ve just thrown out that ‘ownership’ angle right quick, haven’t we. Not worth defending?
“If shorting becomes illegal I don’t see much getting in the way of everything becoming a bubble.”
Yes and no. I’d feel bad for them, but at the same time, the stock market is a sham and nobody’s future should be beholden to the whims of the ultra-wealthy or their shell game. Ideally I’d like to see us move away from it and towards the government taking care of people like it should, but sometimes it takes…
The stock market has been a weapon against the working class since the day it was born. You just don’t realize it.
Exactly. They are down playing this as “internet lulz” but it’s actually really well thought out financial strategy. They identified stocks that were ripe for a short squeeze and then organized it. Its fucking awesome and even though GME was a unique situation hedge funds should be terrified of shorting anything right…
It’s not a movement against capitalism, it’s a movement against short selling, which is a practice that should, frankly, be illegal. If someone buys $1 million in stocks of Gamestop - which would be still be silly, but whatever - they can lose a maximum of $1 million. If someone attempts to short $1 million, they can…
84% of stocks are owned by the richest 10% of households.
Right.
It’s like we can’t stop building our societies on arbitrary shit we made up to enrich ourselves to the detriment of others.
As I understand it, that is only working in this case because the stocks are overshorted, which means that the speculators who shorted GameStop are obligated to buy back shares. The lack of available shares for buy-back is driving the price up far faster than it would in an ordinary scenario. The speculators have to…
The key thing to keep in mind is that, regardless of the wackiness of what’s going on on the /r/WSB board, the strategy here is ironclad-solid: Short-sellers got overexposed, over-bet on a struggling company to go bust faster than they naturally would, got surprised by good news, and are being pantsed as they’re…
You should do the right thing and return all that money otherwise you’d be quite the hypocrite.
It is. Business bend over backwards to screw us, the consumer, in order to satisfy their stock holders. Look at airlines, it’s (or rather, was) a race to the bottom to keep the stock holders happy but us miserable. What good does it do? What service do they provide? None.
Shorting shouldn’t be possible in the first place if stocks were a genuine reflection of a company’s value.
“there is absolutely something unethical (if not patently illegal) with causing a buying craze for no other purpose than self gain or because it’s a trend”
...Are you that naive? Securities fraud generally requires misrepresenting what you are doing. These folks are being absolutely public about everything they’ve…