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Brokers MANIPULATING MARKET to save hedge fund billionaires

StukaFox says...

Sorry to be the little grey raincloud on this Hate The Hedges party, but you might want to understand the implications of what just happened

Y'know that fund that's getting all attention, Melvin Capital? Yeah, fuck them, right? Fuckin' shorters all shortin' and shit -- they played, they paid!

There's a reason they were bailed out and with all due haste.

Here's the issue: they were VERY good at the shorting game. So good that they actually had to turn away business. They made money like horses makes shit. When clients couldn't get in at Melvin, they went elsewhere. That opened the door to a lot of other firms basically mirroring exactly what MC was doing, which included shorting the fuck outta GME.

Fuck those guys too, right? It's their money, so why should I care?

Let's go back a few year, shall we, to the glorious chapter in finance and economics that was the 2008 Crash. Remember when Paulson lost his shit because he realized that in about 36 hours, the basic system called Western Capitalism was going to shit the bed; the bedroom; the whole house and pretty much every surface above the ocean within a planetary radius? This is sorta like that. Only worse.

The thing about short squeezes is that the losses can be infinite, and that's exactly why WallStreetBets did what they did. They knew if they bought and held -- diamond hands -- the stock would have to rise as the shorters had to cover their bets. Melvin Capital and a shit-ton of other, smaller firms had to do that and ran out of liquidity long before GME was even at $50. For every share of stock they shorted, they need to cough up another share at a higher value -- and they HAD to actually have the higher-priced share.

And here's where things get VERY ugly.

Shorting GME was such a sure thing that a huge number of shorts were placed. In fact, more shares of GME were shorted than actually existed. Oops. But hey, SURE THING, BABY and what's the worst that can happen?

Yeeeah, y'see where this is going now?

So these firms, not only are they broke, they don't have the shares, either. They need to come up with shares, pronto, at any price, because contractual obligations are a motherfucker in the finance world. But again, more shorts than there are shares and the people who have the shares, WSB and 4chan's /biz/, aren't letting them go. The longer they hold, the higher the price will go as short after short faces having to cough up the shares they borrowed.

A lot of people are about to lose a LOT of money -- the kinda losses that have so many zeros attached that looking at the number bores the eyes.

Back to 2008: the reason the whole world almost started Mad Max LARPing back then is that a narrow number of highly-important financial institutions were a wee bit thin on liquidity because they were having to pay it out by the boatload. That's bad. What would be better is if risk were more distributed, and how could that little plan POSSIBLY go wrong? Maybe a Black Swan event involving a huge amount of money that needs to be paid out by all of them due to this annoying bird.

That's where we are now, but no one even remotely knows what that figure is going to be. Again, (potentially) infinite losses multiplied by 150% times the number of shares actually available, multiplied by the dogshit risk factor on the loans and the leveraged payouts -- your best case scenario might be a loss of about $500 billion. Someone has to come up with that money, be it the Fed or other banks/investors, but that latter group has to come up with the money themselves, which is generally accomplished by selling profitable holdings. We all know what happens when a lot of people have to sell, right?

I always wanted to live in interesting times, thus proving what an utter fuckwit I am.

The Terrorist Attack Is NOT Over - Rumble with Michael Moore

bobknight33 (Member Profile)

newtboy says...

But all that smoke is coming from Trumpsters ears because their brains can't handle the reality that Trump is considered one of the 10 most despised and horrific people in world history by most people and seen for the failure, convict, racist, rapist, and con man he is, not the successful business man character he plays on tv.

Smoke and mirrors, lies and angry ignorance, no real evidence of anything but a few republicans cheating and the blatant voter suppression campaign by Trump found whatsoever. That's why cases are thrown out as soon as they're heard....and unsigned and uncorroborated affidavits describing complaints about the food served aren't evidence of fraud. Fake news from sore losers.
Grow up and stop listening to people you know are liars lying to your face. They're pissing in your mouth and you're thanking them for the champagne.

bobknight33 said:

No evidence???.. Lots of smoke

</iframe>

Same Old - Samuel L. Jackson | Joe Biden For President 2020

newtboy says...

Shug-a-shug-a-shug-a-shug-a-shug-shug. That's precious....and 100% bullshit.
Felonious Boss Hogg directed his army of morons to vote by mail and in person...a felony.
He supports fake illegal collection boxes that allow republicans to discard ballots.
He instructed his morons to go armed to voting centers and intimidate people in line if they look like Biden supporters.

Part of the job of a president is to facilitate a free and open election and exude trust in the process his administration creates. He's failed at every single opportunity. It will be a train wreck, with Donald as the conductor staring spellbound into his mirror as he runs the train off the track.

Biden is ahead in almost every swing state by double digits, fool.

Republicans are the ones who have been caught repeatedly stealing ballots and changing them, showing up at polls to intimidate voters, illegally, trying to vote twice or more, setting up illegal fraudulent collection boxes, only allowing one real drop box for 4 million people, making up outrageous lies about vote by mail, which may have a better record than in person voting (mail in voting has a .0000004% fraud rate) and outright lying about some democratic frauds like his bullshit claim about ballots in a river, all Trump ballots....never happened, sorry sunshine. Trump has done nothing but cause mayhem, confusion, and distraction to hide this obvious fact that he can't win without massive voter fraud and supression.

Lol. Trump's base growing!?! Only according to trump and his morons who find the one unprofessional outlier internet poll by non pollsters and claim it's the only real poll. Derp.

Keep thinking that, November is going to be shocking. Get that suicide insurance, at least then you'll be doing something for your children besides causing them so much distress that they require institutionalization.

Sorry sunshine. 🤦‍♂️

bobknight33 said:

Large scale election fraud is being pushed by democrats not by BOSS Trump. Trump just points it out. Just wait till the mess starts after the election. It will be a train wreck and every one know it.

MEGA Landslide 2020 and democrats are trying desperately to cheat to cause mayhem, confusion, distraction from this very fact.

Trumps base is growing and is larger that 2016. More from every demographic.

Smoke From Forest Fire in Oregon Reduces Visibility

bobknight33 says...

NPR is blinded to reality.


While yo look to NPR what about local news? How many arsonist are mentioned?

Archived news articles:
Jedidiah Fulton, 39 [https://archive.is/GWLYq]
Alberto Vincent Acosta [https://archive.is/cFPbd]
Kevin Carle, 37 [https://archive.is/xHiFO]
Ivan Geronimo Gomez, 30 [https://archive.is/mhKtG]
Guadalupe Molina-Pacheco [https://archive.is/US23e]
Julian Draper [https://archive.is/JyfJe]
Demarco Covey, 24 [https://archive.is/owMeD]
Wesley James Bergman, 37 [https://archive.is/rl2cm]
Elias Pendergrass, 44 [https://archive.is/wJ1XR]
Unknown [https://archive.is/mOAqq]
Anita Esquivel, 37 [https://archive.is/nMZFo]
Vanya Hummel, 24 [https://archive.is/DgwbY]
Unknown [https://archive.is/wZqgM]
John Davies, 55 [https://archive.is/VDg3M]
Unknown [https://archive.is/twWHf]
Unknown [https://archive.is/jjLfn]
Christine Comello, 36 [https://archive.is/4mLJT]
[https://archive.is/XxPPE]
[https://archive.is/Vvnoz
Alexander Bradford Smith, 26 [http://jailviewer.co.douglas.or.us/Home/BookingSearchDetail?BookingNumber=B20002631]
Unknown [https://archive.is/0pex9]
[https://archive.is/8Jli1]
Unknown [https://archive.is/JkLAw]
Jesse Peterson, 30 [https://archive.is/gQg3e]
Jeffrey Accord, 36 [https://archive.is/j3yuB]
[https://archive.is/UszGL]
[https://archive.is/nJ9OU]
Facebook stream mirror; [https://www.bitchute.com/video/iCiNEzxzOaqd/ (embed)]
2014 Ferguson Arrest; [https://archive.is/IgEUL]
Info roundup; [https://archive.is/JxZ4P]
Unknown [https://archive.is/oTl3d]
Unknown [https://archive.is/knQbj]
Unknown [https://archive.is/AEQgp]
Milton Loice Moran, 48 [https://archive.is/PiJpR]
Anthony Travis Bodda, 21 [https://archive.is/eQ8HB]
Alexander Jones, 36
Unknown [https://archive.is/eAHK7]
Michael Jarrod Bakkela, 41 [https://archive.is/DGEGz]
[https://archive.is/Vr0Tj]
[https://archive.is/mqJnI]
Jonathan Maas, 44 [https://archive.is/Hw9JKJK" target="_new" title="archive" id="archive_today">]

newtboy said:

So I'll tell you again, no, and it's not arsonists in Oregon either, antifa or not, maybe a few, but not a statistically significant number. It's lighting and wind and accidents in California and Oregon and Washington. A massive lightning storm hit the west in mid August sparking fires everywhere, and unprecedented dryness and high temperatures has kept those and other fires alive since.
The newest right wing claim is that climate change has nothing to do with the fires, they're all antifa arson. Of course I assumed that's what you were referencing when you erroneously claimed many of the Oregon fires were arson.

Read it this time, the answers are there...
https://www.npr.org/2020/09/13/912449209/oregon-officials-warn-untrue-antifa-rumors-waste-precious-resources-for-fires

How to Apply Your Mask

BSR says...

I entertained the thought of drawing a smile on my mask. I decided it would probably look "insensitive" as I wheeled a family's deceased loved one out the door on a gurney.

----------------------------

Best removal I ever did:

Loaded the deceased into my vehicle as the family of about 6 adults watched. Just before I pulled away one family member knocked on my window and he told me they were all going to salute as I pulled away and I didn't need to stop.

I thought that was pretty cool.

As I was leaving I looked in the rear view mirror and the whole family was flipping the bird high in the air. It was a beautiful send off.

I felt as though I was among my own kind. Brought a tear to my eye.

Columbus Police mace woman as she walks away

Why This British Crossroads Is So Dangerous

moonsammy says...

I would thing a strategically placed, fairly large mirror would correct a fair amount of the problem. Suppose that starts getting into "too expensive" territory pretty quickly though, with inevitable vandalism and whatnot.

Diversity and inclusion meeting ... at Michigan school

newtboy says...

Did I say HE is a MAGA moron?
No, I did not, you inferred it, although it would be a relatively safe assumption based on his ignorant racist interruption and self centered disrespect paired with the inane irrationality of his question and blatantly racist comments.
Now who's making slanderous assumptions?

Your messiah slanders without (it's one word, Bob, not two) knowing daily. A bit hypocritical to denounce that when you so often applaud it, don't you think?

And my what is no better than the guy?
Your: possessive- belonging to you- "Your assumption is based in ignorance."
You're: conjunction- You are- "You're in desperate need of a better education because your English would fail a 3rd grade English class."

I might just WHAT another douchebag? You forgot the verb. You get an F for the day, Bobski. Nigerian princes have better English skills, and terrible English is an intentional part of their scam. (Or were you channeling Yoda but forgot the punctuation? As in "Look in the mirror, you might. Just another douchebag looking back.")

You need to watch some more school house rock and learn English better, then you might understand complex statements better and not jump to mistaken conclusions so often. Might I suggest starting with conjunction junction?

Also, I wrote MAGA, not MEGA, aside from MEGA making zero sense, I wouldn't ever insult MegaMan by conflating him with idiots like this guy. Besides an education, you seem to need glasses. Maybe that's why you can't see any of Trump's infinite character flaws?
Sad.

bobknight33 said:

So he is a MEGA man?

How can anyone slander with out knowing?
You made an assumption just like the guy did.

Your no better than the guy.

Look in the mirror you might just another douchebag looking back.

Diversity and inclusion meeting ... at Michigan school

bobknight33 says...

So he is a MEGA man?

How can anyone slander with out knowing?
You made an assumption just like the guy did.

Your no better than the guy.

Look in the mirror you might just another douchebag looking back.

newtboy said:

It is the greatest country in the world DESPITE it being the home of some of the most disrespectful racist assholes in the world like that man. Sadly, that status is in serious jeopardy because of them.

I hope the incessant abuse and ostracism he receives from the community as a whole from this day forward force him to leave not just that school system but this great country...MAGA by getting the fuck out, douchebag.

How Do 90% of Americans Have Jobs? - Daniel Tosh

Grreta Thunberg's Speech to World Leaders at UN

newtboy says...

How do you solve something that's going apeshit in another country? For starters, in the case of Ukraine and Crimea, we keep our obligations we agreed to and support them with the U.S. military from day one when Russia invaded Crimea, and again in Ukraine proper. Had we done that as we specifically and unambiguously agreed to do when they gave up their nukes in return, the "civil war" (that's clearly a foreign invasion) wouldn't have occurred. That's an Obama administration failure, one that seriously harmed our international standing and trustworthiness, imo. If we had just put 100 Marines on the borders, Russia wouldn't have risked WW3 to invade either country.
My point is human political or boundary issues are nothing compared to intentionally reengineering the makeup of the atmosphere and getting enough cooperation to implement the desired (required) changes.

If she changes policy in the west, that will impact the East....and South. What America does is more often than not mirrored, especially when we're successful.
Her impact is more for the public than governments. Sway enough of the public, get them to vote on your issue, and politics will evolve at light speed.

Her delivery is exactly what's needed. An angry, educated young woman (they called me young man at 14, so don't balk), being unpleasant about having her future stolen makes exponentially more impact to the audience she targets than a thousand dry, factual, statistic rich talks by scientists. (Those are a dime a dozen today) Kids telling their parents that when the shit hits the fan, the kids are tossing them in the swollen river, not supporting them through their old age, is exactly the kick in the face many need. Kids of today will blame adults of today for the future they live in. Adults of today clearly don't consider that enough.

Something is better than nothing, she's demanding something. She's 16, do you expect her to have all the answers? (Some feasible solutions would be nice) She's well ahead of the curve just understanding the severity of the problem. I'm sure if we listened to all her speeches she gives some suggestions of action we could take to move in the right direction, but I doubt any one person has answers that solve every major effect of climate change, much less all the secondary and tertiary effects. I certainly don't expect her, at that age, to do more than demand those in power take it seriously and find solutions....and act. Chastising a major polluter who walked away from the weak, insufficient Paris agreement is a good start if it works, but I agree it's only barely a start.

You should consider it, she got millions to March for her cause worldwide. Even if she is a willing tool for some adults, it's clear more adults are tools for her. Consider, she isn't talking to kids, she's talking to adults, and some at least are listening to her, not her parents.

Personally it disturbs me that emotional delivery like this is required for many to even consider the issue beyond "what does my political party say on this issue, that's what I say too." I wish scientific issues like climate change were immune to politics, propaganda, and emotion, but they aren't. That's why we're hosed imo, humans are too willing to be deceived if the lie is more pleasant than reality, and denying there's a problem or need for change is quite pleasant to lazy Americans, far easier than facing facts and implementing difficult solutions....until it's not at least, by which time it's far too late.

vil said:

^

Facial Recognition Is Turning China Into a Dystopia

Bias In Medicine: Last Week Tonight with John Oliver (HBO)

b4rringt0n (Member Profile)



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