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Thread: The Automation Spiral (obligatory loleconomics thread v2)

  1. #2561
    GeromeDoutrande's Avatar
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    Quote Originally Posted by Keckers View Post


    Interactive Brokers chairman - “I would like to point out that we have come dangerously close to the collapse of the entire system”

    The short squeeze should have happened. The transfer of wealth from the hedge funds to the retail traders should have happened. It didn't happen because they changed the rules of the game.

    The CNBC hosts are too stupid to understand this, or have been told to deliberately misunderstand him.
    So, I just actually watched this video and you disagree with what exactly?

  2. #2562
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    Nothing. I just thought it was interesting to see CNBC anchors demonstrate massive ignorance on the topic their show is about.

    The idea of blame is funny though. The hedge funds are to blame for taking on 140% short positions and being unable to pay out the losses when then price rises.
    Look, the wages you withheld from the workmen who mowed your fields are crying out against you. The cries of the harvesters have reached the ears of the Lord of Hosts. You have lived on earth in luxury and self-indulgence. You have fattened yourselves for slaughter.

  3. #2563
    GeromeDoutrande's Avatar
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    Ah I see, please carry on then with my blessings.

  4. #2564

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    Quote Originally Posted by Keckers View Post

    The idea of blame is funny though. The hedge funds are to blame for taking on 140% short positions and being unable to pay out the losses when then price rises.
    The hedge funds, yes. But also the brokerages and clearing houses.

    It wasnt "just" some hedge funds that were at risk of going under, the people who manage the trades themselves failed proper risk management, hence why the system was close to collapse. When the hedges cant cover, the brokers have to hold the bag and deliver the shorted shares. Hence the margin on shorts should have been astronomical as short interest rose, but -surprise- it wasnt.

    Does that remind you of anything? It starts with "S" and ends with "ubprime".
    Last edited by Lilalaunebör; February 19 2021 at 02:19:14 PM.

  5. #2565

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    Yeah this was total bullshit, if the law was followed and the regulations robust. The retail investors would have/DID win. It would have been an incredible turning moment for the industy. But such as it was, its now going to be a learning point for traditional hedge funds to ensure it can't happen again.

    The solution wont involve the restriction of their shorting abilities.

  6. #2566
    rufuske's Avatar
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    Quote Originally Posted by Equium Duo View Post
    Yeah this was total bullshit, if the law was followed and the regulations robust. The retail investors would have/DID win. It would have been an incredible turning moment for the industy. But such as it was, its now going to be a learning point for traditional hedge funds to ensure it can't happen again.

    The solution wont involve the restriction of their shorting abilities.
    If anything it will only embolden them. Why bother with risk management if they can't loose in the first place.

  7. #2567
    Venec's Avatar
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    Quote Originally Posted by rufuske View Post
    Quote Originally Posted by Equium Duo View Post
    Yeah this was total bullshit, if the law was followed and the regulations robust. The retail investors would have/DID win. It would have been an incredible turning moment for the industy. But such as it was, its now going to be a learning point for traditional hedge funds to ensure it can't happen again.

    The solution wont involve the restriction of their shorting abilities.
    If anything it will only embolden them. Why bother with risk management if they can't loose in the first place.
    Yes. But as an unintended side effect, it'll expose even more people to inner workings of capitalism and just how deeply unfair it is to them. More leftie talking points will sip into the mainstream. History shows the more elites double down on something, the greater resistance it produces.

  8. #2568

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    Quote Originally Posted by Venec View Post
    Quote Originally Posted by rufuske View Post
    Quote Originally Posted by Equium Duo View Post
    Yeah this was total bullshit, if the law was followed and the regulations robust. The retail investors would have/DID win. It would have been an incredible turning moment for the industy. But such as it was, its now going to be a learning point for traditional hedge funds to ensure it can't happen again.

    The solution wont involve the restriction of their shorting abilities.
    If anything it will only embolden them. Why bother with risk management if they can't loose in the first place.
    Yes. But as an unintended side effect, it'll expose even more people to inner workings of capitalism and just how deeply unfair it is to them. More leftie talking points will sip into the mainstream. History shows the more elites double down on something, the greater resistance it produces.
    You're having a laugh aren't you? I slap people in the face with how hilariously bad our capitalist shit is, to people who are actively being punished by it. They don't want to see it or they just don't get it.

    To these same people I'm worse than companies like Amazon for some reason?

  9. #2569
    rufuske's Avatar
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    Quote Originally Posted by Venec View Post
    Quote Originally Posted by rufuske View Post
    Quote Originally Posted by Equium Duo View Post
    Yeah this was total bullshit, if the law was followed and the regulations robust. The retail investors would have/DID win. It would have been an incredible turning moment for the industy. But such as it was, its now going to be a learning point for traditional hedge funds to ensure it can't happen again.

    The solution wont involve the restriction of their shorting abilities.
    If anything it will only embolden them. Why bother with risk management if they can't loose in the first place.
    Yes. But as an unintended side effect, it'll expose even more people to inner workings of capitalism and just how deeply unfair it is to them. More leftie talking points will sip into the mainstream. History shows the more elites double down on something, the greater resistance it produces.
    Replace capitalism with stock market and yes, that was the objective all along comrade.

  10. #2570
    Venec's Avatar
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    Quote Originally Posted by rufuske View Post
    Quote Originally Posted by Venec View Post
    Quote Originally Posted by rufuske View Post
    Quote Originally Posted by Equium Duo View Post
    Yeah this was total bullshit, if the law was followed and the regulations robust. The retail investors would have/DID win. It would have been an incredible turning moment for the industy. But such as it was, its now going to be a learning point for traditional hedge funds to ensure it can't happen again.

    The solution wont involve the restriction of their shorting abilities.
    If anything it will only embolden them. Why bother with risk management if they can't loose in the first place.
    Yes. But as an unintended side effect, it'll expose even more people to inner workings of capitalism and just how deeply unfair it is to them. More leftie talking points will sip into the mainstream. History shows the more elites double down on something, the greater resistance it produces.
    Replace capitalism with stock market and yes, that was the objective all along comrade.
    Stock market is an integral part of the capitalism, it cannot function without it. Hell, capitalism cannot function without it.

  11. #2571
    rufuske's Avatar
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    Quote Originally Posted by Venec View Post
    Quote Originally Posted by rufuske View Post
    Quote Originally Posted by Venec View Post
    Quote Originally Posted by rufuske View Post
    Quote Originally Posted by Equium Duo View Post
    Yeah this was total bullshit, if the law was followed and the regulations robust. The retail investors would have/DID win. It would have been an incredible turning moment for the industy. But such as it was, its now going to be a learning point for traditional hedge funds to ensure it can't happen again.

    The solution wont involve the restriction of their shorting abilities.
    If anything it will only embolden them. Why bother with risk management if they can't loose in the first place.
    Yes. But as an unintended side effect, it'll expose even more people to inner workings of capitalism and just how deeply unfair it is to them. More leftie talking points will sip into the mainstream. History shows the more elites double down on something, the greater resistance it produces.
    Replace capitalism with stock market and yes, that was the objective all along comrade.
    Stock market is an integral part of the capitalism, it cannot function without it. Hell, capitalism cannot function without it.
    Won't argue with that and the more exposure the rot festering it gets the better. Or banking in general. I'll repeat myself again, those retards weren't sent to jail in 2008 and it only embolden them. Same thing is happening again. Let's hope we'll get bigger and better Occupy Wall Street 2.0 from it, because the only thing those hearings prove is that everyone is on the side of big money and noone on the side of retail investors. As expected considering where all those politicians, democrat or republican, get their speaking fees from.

  12. #2572
    Venec's Avatar
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    It's how it is, yeah.

    #squatwallstreet

  13. #2573
    Lowa [NSN]'s Avatar
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    Quote Originally Posted by Equium Duo View Post
    Yeah this was total bullshit, if the law was followed and the regulations robust. The retail investors would have/DID win. It would have been an incredible turning moment for the industy. But such as it was, its now going to be a learning point for traditional hedge funds to ensure it can't happen again.

    The solution wont involve the restriction of their shorting abilities.
    Agreed. But also, if laws and regulations had been followed the scenario where retail would/should have won would never have been created in the first place.
    Quote Originally Posted by Tarminic View Post
    I would create a dragon made out of vaginas. Then I would create a dragon made out of dicks. Then I would have them fight to the death.

  14. #2574
    rufuske's Avatar
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    Quote Originally Posted by Lowa [NSN] View Post
    Quote Originally Posted by Equium Duo View Post
    Yeah this was total bullshit, if the law was followed and the regulations robust. The retail investors would have/DID win. It would have been an incredible turning moment for the industy. But such as it was, its now going to be a learning point for traditional hedge funds to ensure it can't happen again.

    The solution wont involve the restriction of their shorting abilities.
    Agreed. But also, if laws and regulations had been followed the scenario where retail would/should have won would never have been created in the first place.
    Yup, at that point while everyone's focus is on the spectacle, attention is being diverted from one crucial fact. 2.3m stocks of GME failed to deliver at peak, fuckers were shorting with counterfeited stock. If deepfuckingvalue gets charges and big money retards that got caught redhanded won't, this will be beyond comical and showing how system is broken.

  15. #2575
    Lief Siddhe's Avatar
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    If?
    I was somewhere around Old Man Star, on the edge of Essence, when drugs began to take hold.

  16. #2576
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    haha yeah 'if'. We the peasantry lost the insurrection and now the nobels need to hang someone to make a point. Deepfuckingvalue is the face of the whole thing so that boy is going to jail.

    https://www.theblaze.com/news/ready-...f-fraud-report
    Indeed, one influential Reddit user has already caught the eye of regulators. Keith Gill, 34, known as "Roaring Kitty" on some social media accounts and operates under the username "u/DeepF**kingValue" on Reddit, is currently being probed by officials in the commonwealth of Massachusetts, according to The New York Times.



  17. #2577
    Lief Siddhe's Avatar
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    Those fucking Diamond City Upper Stands scumbags. Another hedge fund needs their help, here, I'll mark it on your annual report.
    I was somewhere around Old Man Star, on the edge of Essence, when drugs began to take hold.

  18. #2578
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    He wasn't convicted of anything yet. My bet is Vlad and Robinhood are going to be the scapegoat led to the slaughter (when all they did was doing what has been told to them by directors of the clearing houses and DTCC). Because you know, it didn't happen before:
    https://www.wsj.com/articles/SB118359867562957720
    Last edited by rufuske; February 19 2021 at 06:55:08 PM.

  19. #2579
    Movember 2011 RazoR's Avatar
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    Quote Originally Posted by Joshua Foiritain View Post
    haha yeah 'if'. We the peasantry lost the insurrection and now the nobels need to hang someone to make a point. Deepfuckingvalue is the face of the whole thing so that boy is going to jail.

    https://www.theblaze.com/news/ready-...f-fraud-report
    Indeed, one influential Reddit user has already caught the eye of regulators. Keith Gill, 34, known as "Roaring Kitty" on some social media accounts and operates under the username "u/DeepF**kingValue" on Reddit, is currently being probed by officials in the commonwealth of Massachusetts, according to The New York Times.
    His only chance is to say nothing about the institutions and just lean on that he found value and went for it.

  20. #2580
    Lief Siddhe's Avatar
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    "Your Honor, I like the stock."
    I was somewhere around Old Man Star, on the edge of Essence, when drugs began to take hold.

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