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Play Nice Random Chat Thread V

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I fully expected a bunch of people to be left with nothing but squat. I expected billion dollar speculators to cry for bail outs.

But, as cynical as I am about capitalism, I did not expect to see what RobinHood has allegedly done. My guess is that they have less in assets to lose in a law suit than the hedge funds stand to lose in their short positions.

Think of Robinhood like the betting apps that won't let you put on a wager their algorithm tells them you're likely to win a lot of cash on.

They're there as a conduit for your money upwards, not to actually give you a fair chance at making money.
 
I fully expected a bunch of people to be left with nothing but squat. I expected billion dollar speculators to cry for bail outs.

But, as cynical as I am about capitalism, I did not expect to see what RobinHood has allegedly done. My guess is that they have less in assets to lose in a law suit than the hedge funds stand to lose in their short positions.

There is some chat that Robinhood plans to have an IPO and they are doing this, helping out hedge funds, to avoid their IPO going like shit

I don't know anything about finance but it sounds shifty as
 
There is some chat that Robinhood plans to have an IPO and they are doing this, helping out hedge funds, to avoid their IPO going like sh*t

I don't know anything about finance but it sounds shifty as
If what’s alleged to have happened is true, citadel increased their short position and then put pressure on robinho to restrict people buying gme, some cases force sales, then people should be going to jail...

I’m not holding my breath thou...
 
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It’s a big club...
Citadel, a hedge fund founded by Ken Griffin, a major GOP donor, paid Yellen $810,000 to speak at several events from October 2019 to October 2020, according to Yellen’s filings with the Office of Government Ethics.

The Chicago-based hedge fund paid Yellen $292,500 for a speech on Oct. 17, 2019, $180,000 for one on Dec. 3, 2019, and $337,500 to speak at a series of webinars held from Oct. 9-27, 2020.

Citadel is invested heavily in Melvin Capital, a hedge fund that was reportedly on the brink of bankruptcy this week due to a surge in GameStop share prices.



 

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This is why I joyfully permit the ridicule of my username to hairstyle ratio.


It must be hard for people whose life revolve around the need to be socially perfect.

I mean, what a burden? There must be huge holes inside them. They can have it.
 
Speaking of which, did we miss the one year anniversary of your COVID is made up to distract from the failing climate change hysteria post?

Can we not interrupt a legitimately interesting discussion on a potentially globally significant set of circumstances for you two to rehash old shit? Please?

Snake_Baker
 
We don’t have Super miraculously going up by 9% most years?

Making maximum contributions to your Super from as young an age as possible is the smart way of ‘getting in on it’.

...if you want to work until you're at death's doorstep.

Having said that, if we could withdraw super st any point we can prove it would give us financial independence as opposed to having preservation ages, I'd be pumping that max contribution in for sure.
 

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We don’t have Super miraculously going up by 9% most years?

Making maximum contributions to your Super from as young an age as possible is the smart way of ‘getting in on it’.
Whatever people think about people like Ian Silk, having somewhat principled people in control of member first funds, have a lot to do with the stability of the Australian market.
 
We don’t have Super miraculously going up by 9% most years?

Making maximum contributions to your Super from as young an age as possible is the smart way of ‘getting in on it’.

Super's main role is not to provide for folks in their old age as sold - you need to own your own house for that to work.

It is to make Australia a net capital country. This was Keating's real aim ... stop us being dependent on London/Washington/Wherever for finance and be truly independent.

And in that he's succeeded.
 
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We really closed the election thread way to early.. :straining:

If you think Trump, who treated the Dow as some kind of living organism that bestowed and withdrew favour from individuals, would have handled this any differently you're kidding yourself imo.
 
If you think Trump, who treated the Dow as some kind of living organism that bestowed and withdrew favour from individuals, would have handled this any differently you're kidding yourself imo.
Hahaha, trump being the first person to be a recipient of corporate welfare, the first person to big to fall?
Yeah nah, he is part of the swamp, but that revolution is in the air, and all this will do is push more people to the faux movement..
 
Hahaha, trump being the first person to be a recipient of corporate welfare, the first person to big to fall?
Yeah nah, he is part of the swamp, but that revolution is in the air, and all this will do is push more people to the faux movement..

Revolution is certainly in the air.
 
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