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It's OK for the plebes to make a dime or two if they get lucky from time to time. But allow them to make serious money, at the expense of the royal class no less? Harumph I say!!
Oh yeah, and in a remarkable coincidence, Discord discovered /wallstreetbets is guilty of "hate speech" at the very moment powerful hedge fund managers took to the news channels to complain about how they're being taken advantage of and "someone needs to do something about it!"
Any lingering doubt about whether the system is rigged have been utterly erased. They can't afford to even try to hide it any more.
Agree.
Now maybe some of you people will understand why we on the right are 100% convinced that the election was stolen. Think about it.
I know darn well that the Wall Street elite are going to win this but the blowback against them is delightful to behold. CNN and Fox both writing about it from a similar vein.
The US is not any form of democratic when it comes to money. The US is run by and for billionaires.
Who is the SEC going after? I genuinely would like to know. What has happened is not clearly defined in the books with regard to market manipulation. If there is going to be a charge of market manipulation, I really would like to know the definitions and how these reddit everyday consumers fit the criteria.
Market Manipulation - v When the little guys outsmart the rich hedge fund managers at their own game.
Now, if restricting trading isn't market manipulation, I don't know what is.
Agreed. And I've always thought hedge funds were a legal scam, I know the investors take a lot of risks, but they (hedge fund) aren't watched as much by the SEC as other investment strategies. So, by restricting the trading so they don't lose as much definitely seems like manipulation, as well as shorting more stocks than existed.
That being said, isn't a group of individuals collaborating (reddit) together to drive a stock up , also market manipulation ?
It seems like one big fugazi on both parts. Disclaimer, I know zilch about the intricacies of the stock market.
This clip from last night's Tucker Carlson puts in this a bigger context. He talks about the Occupy WS movement and how they used 'racism' to shut it down. Really interesting. https://www.foxnews.com/opinion/tuck...ts-rigged-game
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