The Politics Megathread

[2SpiritCherokeePrincess]

@immortalartisan I noticed that too. One article said it's not just GameStop; a lot of shorted stocks are being bought & rising.

 

[Kanami-chan]

Short selling is investing in bad faith, wishing for misfortune of others. It should not be allowed.
It's already banned in some countries, which is great.

 

[Richman]

Buy high, sell low!

Or even better, buy high and never sell!

 

[EOTFOFYL]

*Sees reddit in article title

Must be r/wallstreetbet

*Reads article

Lol, of course it is.

 

[immortalartisan]

Finally something we can all agree on FUCK WALLSTREET ELTIES

Even better they’ve been calling this “market manipulation” I call it a mix of karma and free market effects.

 

[wowfucktron]

@immortalartisan
But it is market manipulation.

Economic manipulation always involves conspiracy. r/wallstreetbets conspired to game the system and engaged in short squeezing. Ergo market manipulation.
---------------------------------------
Yes, yes fuck Wall Street with a rusted pike, but you guys need to realize that the money being lost is usually from people like you and me.

All of that loss comes out of portfolios. It's also passed onto you and me via price hikes, temporary or permanent.

All this is doing is hurting your average Joe.

Sadly, they'll fuck you harder than you could ever fuck them simply because the country seems to vote for people who will protect these snakes.

 

[immortalartisan]

@wowfucktron

Ah yes the sad truth that America is a capitalistic country

 

[wowfucktron]

@immortalartisan
I think the word you're looking for is corporatist.
There's an enormous difference.

 

[blackyawgdom]

RATM warned us about the system!

 

[Tamerlane]

Look, I’ve been a lefty since Obama

If 7 year old me learned one thing is that the government bailout of the banks without punishing the players involved was probably what lead us to this point, paired with Bush’s rampant neoconservative dumbassery

 

[2SpiritCherokeePrincess]

In the 1st Wall Street movie (1987) the Securities and Exchange Commission were the good guys who arrested Gordon Gekko. But in real life they seem to be there to protect those who wield Old Money. Even over someone who actually has a brain & earned his money rather than simply inheriting it. https://www.cnbc.com/2018/10/04/elo...ichment-commission-days-after-settlement.html But now we can see the man behind the curtain. https://www.yahoo.com/huffpost/redditors-myth-stock-market-214040661.html

 

[Halo]

*shrugs*

I'm okay with sacrificing a finger if it helps to kill a hedge fund.

 

[kenx]

Oh yeah, that thing with GME. I found (was given) a video which dumbed down this stuff if that's your thing. The channel also talks about other things.
https://www.youtube.com/watch?v=4EUbJcGoYQ4

 

[Halo]

^ Louis is great, but damn he talks a lot.

Robinhood won't allow to buy GME and a couple of others, lmao. Actual class warfare.

 

[M0NST3R]

Also apparently the other hedge funds are going to be pooling money to bailout the bankrupt one.
Also @Tamerlane I am genuinely surprised you consider yourself a lefty, Left Libertarian I'm guessing?

 

[Richman]

Left Libertarian I'm guessing?

libleft bad lol

Spoiler

 

[Tamerlane]

@M0NST3R Left Libertarian

I'm pro-choice, anti-corporation, in favor of gay and trans rights, anti-war, in favor of a public option for healthcare, and for the legalization of weed and other drugs.

Jimi Hendrix liberal, not a progressive

 

[Richman]

@Tamerlane
So the meme is somewhat accurate?

 

[Halo]

I bet there were anti-war people who genuinely supported George W.

GME:

Spoiler

 

[Tamerlane]

@Richman

Mostly

@Halo

>It's already begun to recover

So much for Robinhood