Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Look, GME is not just a funny game of “getting back at the man.” If this is allowed to fester, there will be systemic volatility. You might think this warning is alarmist, but people have underestimated the destabilizing power of the alt-right for years. I understand that people are hurting, but we’re going to have to decide if that should provide them a free check to be destructive. Lots of people -including you and me - have major investments in the current system - like your retirement funds. How much revolution are your jobs, finances, etc. prepared to take? Be careful what you ask for; you may just get it.

1. WSB isn't the "alt-right".
2. Yes, this may cause systemic volatility and rightfully so. It certainly would be destabilizing if people realized that all of their investments that they have scraped together for college and retirement in the hopes that the free market will work for them were all a sham and that they were manipulated by the ultra-rich. Yep. I can see how that might bring down the whole system. And yet here we are.

The sad part about calling it alt-right is that the right wing media that started that claim are actually alt-right supporters.

If they don't know by now, they never will.

Anonymous wrote:

Anonymous wrote:Look, GME is not just a funny game of “getting back at the man.” If this is allowed to fester, there will be systemic volatility. You might think this warning is alarmist, but people have underestimated the destabilizing power of the alt-right for years. I understand that people are hurting, but we’re going to have to decide if that should provide them a free check to be destructive. Lots of people -including you and me - have major investments in the current system - like your retirement funds. How much revolution are your jobs, finances, etc. prepared to take? Be careful what you ask for; you may just get it.

1. WSB isn't the "alt-right".
2. Yes, this may cause systemic volatility and rightfully so. It certainly would be destabilizing if people realized that all of their investments that they have scraped together for college and retirement in the hopes that the free market will work for them were all a sham and that they were manipulated by the ultra-rich. Yep. I can see how that might bring down the whole system. And yet here we are.

The sad part about calling it alt-right is that the right wing media that started that claim are actually alt-right supporters.

Anonymous wrote:Look, GME is not just a funny game of “getting back at the man.” If this is allowed to fester, there will be systemic volatility. You might think this warning is alarmist, but people have underestimated the destabilizing power of the alt-right for years. I understand that people are hurting, but we’re going to have to decide if that should provide them a free check to be destructive. Lots of people -including you and me - have major investments in the current system - like your retirement funds. How much revolution are your jobs, finances, etc. prepared to take? Be careful what you ask for; you may just get it.

1. WSB isn't the "alt-right".
2. Yes, this may cause systemic volatility and rightfully so. It certainly would be destabilizing if people realized that all of their investments that they have scraped together for college and retirement in the hopes that the free market will work for them were all a sham and that they were manipulated by the ultra-rich. Yep. I can see how that might bring down the whole system. And yet here we are.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Look, GME is not just a funny game of “getting back at the man.” If this is allowed to fester, there will be systemic volatility. You might think this warning is alarmist, but people have underestimated the destabilizing power of the alt-right for years. I understand that people are hurting, but we’re going to have to decide if that should provide them a free check to be destructive. Lots of people -including you and me - have major investments in the current system - like your retirement funds. How much revolution are your jobs, finances, etc. prepared to take? Be careful what you ask for; you may just get it.

But somehow HFs shorting companies into oblivion, which they have been doing for years, is not destabilizing?

Oh, bankrupting bricks and mortar stores is just regular American "creative destruction". We've been doing it for decades.

Those businesses are going bankrupt with or without the help of hedge funds

That's a nice fantasy. But no, the reality is that HFs can and do bankrupt businesses in order to enrich themselves.

Anonymous wrote:

Anonymous wrote:Look, GME is not just a funny game of “getting back at the man.” If this is allowed to fester, there will be systemic volatility. You might think this warning is alarmist, but people have underestimated the destabilizing power of the alt-right for years. I understand that people are hurting, but we’re going to have to decide if that should provide them a free check to be destructive. Lots of people -including you and me - have major investments in the current system - like your retirement funds. How much revolution are your jobs, finances, etc. prepared to take? Be careful what you ask for; you may just get it.

Oh, I don't disagree, maybe trading GME should have been halted. But it wasn't. It was manipulated downward.

This.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Look, GME is not just a funny game of “getting back at the man.” If this is allowed to fester, there will be systemic volatility. You might think this warning is alarmist, but people have underestimated the destabilizing power of the alt-right for years. I understand that people are hurting, but we’re going to have to decide if that should provide them a free check to be destructive. Lots of people -including you and me - have major investments in the current system - like your retirement funds. How much revolution are your jobs, finances, etc. prepared to take? Be careful what you ask for; you may just get it.

But somehow HFs shorting companies into oblivion, which they have been doing for years, is not destabilizing?

Oh, bankrupting bricks and mortar stores is just regular American "creative destruction". We've been doing it for decades.

Those businesses are going bankrupt with or without the help of hedge funds

Anonymous wrote:Lol it’s not rigged

Robin Hood with a not a non profit and they didn’t want to be left on the hook after the margin call. They would have been responsible for paying back the loans that n the shirts if the investors couldn’t.

If this were true, they should have stopped people buying on margin. That wasn't what they did.

Maybe Robinhood shouldn't let people buy ANYTHING on margin, if they are worried people can't pay it back. They fact that they do allow people who can't afford it to buy on margin EXCEPT when it hurts their partner hedge fund is pretty outrageous. Rigged even.

Anonymous wrote:

Anonymous wrote:Look, GME is not just a funny game of “getting back at the man.” If this is allowed to fester, there will be systemic volatility. You might think this warning is alarmist, but people have underestimated the destabilizing power of the alt-right for years. I understand that people are hurting, but we’re going to have to decide if that should provide them a free check to be destructive. Lots of people -including you and me - have major investments in the current system - like your retirement funds. How much revolution are your jobs, finances, etc. prepared to take? Be careful what you ask for; you may just get it.

But somehow HFs shorting companies into oblivion, which they have been doing for years, is not destabilizing?

Neither actions are good for businesses or investors. But one of them is made by rich insiders and the other is made by (used-to-be) powerless retail investors.

Which one is going to get blamed for this, when they change the rules?

Anonymous wrote:

Anonymous wrote:Look, GME is not just a funny game of “getting back at the man.” If this is allowed to fester, there will be systemic volatility. You might think this warning is alarmist, but people have underestimated the destabilizing power of the alt-right for years. I understand that people are hurting, but we’re going to have to decide if that should provide them a free check to be destructive. Lots of people -including you and me - have major investments in the current system - like your retirement funds. How much revolution are your jobs, finances, etc. prepared to take? Be careful what you ask for; you may just get it.

But somehow HFs shorting companies into oblivion, which they have been doing for years, is not destabilizing?

Oh, bankrupting bricks and mortar stores is just regular American "creative destruction". We've been doing it for decades.

Anonymous wrote:Look, GME is not just a funny game of “getting back at the man.” If this is allowed to fester, there will be systemic volatility. You might think this warning is alarmist, but people have underestimated the destabilizing power of the alt-right for years. I understand that people are hurting, but we’re going to have to decide if that should provide them a free check to be destructive. Lots of people -including you and me - have major investments in the current system - like your retirement funds. How much revolution are your jobs, finances, etc. prepared to take? Be careful what you ask for; you may just get it.

But somehow HFs shorting companies into oblivion, which they have been doing for years, is not destabilizing?

Anonymous wrote:Look, GME is not just a funny game of “getting back at the man.” If this is allowed to fester, there will be systemic volatility. You might think this warning is alarmist, but people have underestimated the destabilizing power of the alt-right for years. I understand that people are hurting, but we’re going to have to decide if that should provide them a free check to be destructive. Lots of people -including you and me - have major investments in the current system - like your retirement funds. How much revolution are your jobs, finances, etc. prepared to take? Be careful what you ask for; you may just get it.

Oh, I don't disagree, maybe trading GME should have been halted. But it wasn't. It was manipulated downward.

Look, GME is not just a funny game of “getting back at the man.” If this is allowed to fester, there will be systemic volatility. You might think this warning is alarmist, but people have underestimated the destabilizing power of the alt-right for years. I understand that people are hurting, but we’re going to have to decide if that should provide them a free check to be destructive. Lots of people -including you and me - have major investments in the current system - like your retirement funds. How much revolution are your jobs, finances, etc. prepared to take? Be careful what you ask for; you may just get it.

Anonymous wrote:Lol it’s not rigged

Robin Hood with a not a non profit and they didn’t want to be left on the hook after the margin call. They would have been responsible for paying back the loans that n the shirts if the investors couldn’t.

So they drove the price down by preventing buying, allowing selling and auto selling shares.

That's totally normal behavior...

Lol it’s not rigged

Robin Hood with a not a non profit and they didn’t want to be left on the hook after the margin call. They would have been responsible for paying back the loans that n the shirts if the investors couldn’t.

I'm on the side of the WSBers, but I have to say after reading some of their comments on the reddit sub page it felt a lot like reading alt right rhetoric, just a different topic. Lots of rage against the conspiracy and all that. Maybe I'm just so used to a corrupt system that I can't see outside of it. I agree it seems completely wrong for hedge funders to deflate the value of a company by shorting it. But I also recognize that doing this is nothing new and I'd like to better understand why this has been around for so long. It may just be institutional favoring of the elite. I mean racism in this country still exists for largely the same reasons. Maybe if there are a lot of alt-righters in the WSB movement they're one step closer to understanding systemic racism? Maybe just a few?