General > General Technical Chat
Gamestop: Reddit vs. Wall St.
Nominal Animal:
The rules are for thee, not for the big banks and hedge funds.
floobydust:
It's going to be very ugly, Wall Street is really showing its true colours.
Janet Yellen was paid by hedge fund Citadel $810,000 to speak at three events in 2019, 2020.
US Treasury Secretary for what, two days now, she should recuse herself.
"The Treasury Department must be an institution that wakes up every morning thinking about the American people.
Your jobs, your paychecks. Your struggles, your hopes. Your dignity. And your limitless potential.
We will work to restore that public trust and promise."
What a crock!
Moshly:
Louis made it onto Yahoo finance as a Reddit User.
nctnico:
--- Quote from: james_s on January 29, 2021, 07:00:22 am ---The whole stock market is a complete mess. It's supposed to be there to allow companies to raise capital they can use to expand. Instead it has transformed into a gigantic casino where people gamble away money hoping to win big and sell.
--- End quote ---
IMHO short selling is the only real problem on the stock market. Especially when being able to short more shares than that actually exist. The latter means more strict regulation is needed and that seems to be the underlying issue.
Stray Electron:
--- Quote from: floobydust on January 29, 2021, 07:09:37 am ---It's going to be very ugly, Wall Street is really showing its true colours.
Janet Yellen was paid by hedge fund Citadel $810,000 to speak at three events in 2019, 2020.
US Treasury Secretary for what, two days now, she should recuse herself.
--- End quote ---
American politics is a F U mess! And that includes most or all of the US federal government agencies. That is a CLEAR conflict of interest. when I was US military government contractor we literally couldn't even provide free coffee at meetings because it could have been perceived as some sort of payoff. But Bill Clinton, Janet Yellen and just about every other high level US government employee is allowed to take hundreds of thousands of dollars from the same groups that they're supposed to be regulating for doing next to nothing.
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