Reply to Robin Hood just ended trading on GameStop and AMC

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Supposedly ba whistleblower inside of Robin Hood has leaked on WSB that the White House and Sequoia Capital have pressured management at RH to block trading of GME.

Who in the WH requested this is the real question. Maybe it is Biden's new pick Janet Yellen? LO AND BEHOLD, Yellen has received huge sums of money from Citadel, one of the main firm in the middle of this all.

https://www.politico.com/news/2021/01/01/yellen-made-millions-in-wall-street-speeches-453223

This could be a huuuuge scandal unfolding. WSB and reddit are exposing the insane corruption of our system.  [/quote]

WSB already debunked this as fake. The dude who posted the rumor was supposedly "low level IT employee of Robinhood" who heard the rumor 3rd hand. So dumb if you believe this without a shred of verification.[/quote]

God it's like we learned nothing from QAnon.[/quote]

It will only get worse if RH and the hedge funds are not punished...

[/quote]

Think about it for a second.

You have a system that glorifies capitalism: "Everyone can get rich if they work harder/smarter". "Money is success ". "These hedge funds are so smart that they have figured out how they can make billions of dollars betting on stocks". "If you were smarter/more hardworking, you can make millions too".

Some smart people figure out how to outsmart the "smart" hedge funds, and the hedge funds pull the rugs.

What do you expect people to think?

[/quote]

You should question the idea that the hedge funds pulled the rugs.  This really is starting to sound like QAnon.[/quote]

Exactly my point. I have zero dollars invested in GME, and I was shocked that RH can do this.

If I am already convinced that the hedge funds can do this, imagine how far gone someone with money in GME  is. lol

There should be a thorough investigation into what happened, and findings should be promptly investigated.[/quote]

It wasn't just Robinhood. It was dozens of broker-dealers who all happen to service big name hedge funds that were on the wrong end of this trade.

Even still, they are utterly f#cked. They sold millions of call option contracts on GME at sub-$50 strike price. The price only plunged to around $115 today. Volume was low during the purchase ban, the masses were holding. RH liquidated those who bought on margin without any warning, but it wasn't nearly enough. And this was after RH unilaterally canceled buy orders overnight for people who were paying in cash.

So crooked and corrupt. I'd love to see Steve Cohen's fat face and rotten teeth behind a prison door. [/quote]

Yep! Surreal [/quote]

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