Time doesnt make people forget when it comes to money. Only money to be made whole will make them forget faster. Time doesnt make people forget when they lose everything and now its twice as hard to recover. You really know nothing. Carry on.
1) when wall street fund managers win, they're rewarded with big bonus. 2) when they lose, they implement ways to screw the main street. (in this case, wall street is the one who sells short America). ==> the system is rigged!!!
Indeed 2008 is what broke wall street. And now its just a casino owned by the Fed... GME is an attempt to uncover the shit show for what it is. And in the master's chambers, They gathered for the feast They stab it with their steely knives, But they just can't kill the beast Last thing I remember, I was Running for the doors I had to find the passage back To the place I was before "Relax, " said the Order Clerk, "We are programmed to receive. You can sell stocks any time you like, But you can never leave! "
the real genius of the whole exercise was to force Citadel (one of the big Street Houses) to actually interfere with the retail trading at the most entry level retail broker...in order to cover their short positions. This is disruption at its finest. This is Musk level disruption.
Take off your tin foil hats. More likely, a lot of smart retail traders used margin to the max to buy more shares of AMC and GME as the stock tanked. The reason Robinhood stopped allowing these rabid traders from incurring more losses which Robinhood would end up absorbing and be on the hook for. Just yesterday, Robinhood went to the banks to get a $100 million line of credit. Why would they do that? My guess is to cover those huge losses of those smart rabid traders who believed all the lies spewed on the Reddit message boards. Isn't social media great? They teach you how to lose all your monies. What are these ass clowns going to do for an encore? One of those smart traders on Gab.com was whining and crying over Robinhood closing his trade. Value of his closed trade was at $500,000. I imagine he lost more than that amount due to the margin. And this guy bases his trading decision on Reddit posts? Heaven help us. LOL