Brian Williams last night had a segment on Trump and House Minority Leader Kevin McCarthy meeting in Florida for the first time since Biden took office
Brian Williams last night had a segment on Trump and House Minority Leader Kevin McCarthy meeting in Florida for the first time since Biden took office
@MSNBC
/ @BWilliams
with exclusive video from today's McCarthy/Trump meeting. Brian Williams is on fire! Fire
Tweeter is a random person with the video clip which I should reiterate is an all time Brian Williams, an MSNBC host/journalist, moment.
I love that Brian Williams realized that since the Right was gonna decry him as a hack anyway, and also since he's on at 11p, there's no inherent reason for him to take anything or anyone seriously "just because."
His absolutely utter lack of fucks to give really makes him a good bookend for MSNBCs nightly content.
Chris Hayes will always be the best, though I really wish he'd just straight "OK, Boomer"d Matthews when he went off about Sanders' voters dragging him out in the street and shooting him. Still, the look on his face said it anyway.
Hey, you know who might take issue with all of Elizabeth Warren's rhetoric from last year about how Wall Street needs to pay their fair share and stop using the American taxpayer as a bank?
Well, surprise! It's Elizabeth Warren! Who's suddenly very concerned about...
Casino-like swings in stock prices of GameStop reflect wild levels of speculation that don’t help GameStop’s workers or customers and could lead to market instability. Today I told the SEC to explain what exactly it's doing to prevent market manipulation.
[Snip of a letter to the SEC demanding to know why the poors are suddenly able to trade stocks.]
Really, if you had told me that Andrew Yang would come out of the Democratic Primary as the biggest embarrassment, I would have believed you. If you had told me that second place would be Elizabeth Warren, I would've been legitimately surprised.
Welp, I'm sure she'll rediscover her morals in time for 2028. :rotate:
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+5
MalReynoldsThe Hunter S Thompson of incredibly mild medicinesRegistered Userregular
After my first neopets account got banned I made a new one and decided I was going to rack up as many neopoints as possibly as quickly as possible. I think I made like a million in a month, and 10 million in like 4 months?
The stock market was part of it, but the big bucks came from restocking.
I ran a black market reselling lottery tickets since I... found an exploit that would let me get at least 60 at a time.
Lotta neopoints in that.
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Image text top panel: [crowd booing] "Your boos mean nothing!"
Image text bottom panel: "I've seen what makes you cheer!"
Representative Peter Meijer (R-MI) is from the 3rd Michigan district that includes Grand Rapids and is one of 10 Republican House members that voted to impeach Trump.
A Groyper, according to wikipedia: Groypers, sometimes called the Groyper Army, are a loose group of white nationalist and far-right activists, provocateurs, and internet trolls who are notable for their attempts to introduce far-right politics into mainstream conservatism in the United States.
Really I feel one of the things the roller coaster of gamestop and why showed it's been rainbows and unicorns since 2009
But nothing fixed that problem and the pandemic made it far worse
Image text top panel: [crowd booing] "Your boos mean nothing!"
Image text bottom panel: "I've seen what makes you cheer!"
Representative Peter Meijer (R-MI) is from the 3rd Michigan district that includes Grand Rapids and is one of 10 Republican House members that voted to impeach Trump.
A Groyper, according to wikipedia: Groypers, sometimes called the Groyper Army, are a loose group of white nationalist and far-right activists, provocateurs, and internet trolls who are notable for their attempts to introduce far-right politics into mainstream conservatism in the United States.
I hate Rick but damn that's a good line
+34
MaddocI'm Bobbin Threadbare, are you my mother?Registered Userregular
If you had told me the end result of this was that the SEC was going to go after retail traders
I would have told you fucking duh why are you telling me something everybody already knows, we live in hell
Yesterday or the day before, someone had a link to an article about how Robinhood was very bad and doing something unethical with their users data, and something else
Does anyone have a link to that article? My Google searching skills are not very good today
If you had told me the end result of this was that the SEC was going to go after retail traders
I would have told you fucking duh why are you telling me something everybody already knows, we live in hell
Like, this whole thing is infuriating, but Warren indirectly revealing that all her grandstanding about economic parity was a complete and utter crock is especially galling to me, a person who thought she might've been pretty alright.
Skimming through that whole letter it does appear she's calling out both sides of this as symptoms of market issues. Which... eh. The reddit side seems to be mostly signal boosting that someone's being stupid and encouraging a bandwagon feeding frenzy, which... well.
But it also ends by asking why Tesla is up so ridiculously and other stuff too.
Yesterday or the day before, someone had a link to an article about how Robinhood was very bad and doing something unethical with their users data, and something else
Does anyone have a link to that article? My Google searching skills are not very good today
Having a hard time finding a reputable article not behind a paywall but I swear I read this one the other day.
Robinhood seeks a Federal Affairs Manager based in Washington D.C. to focus on federal advocacy and government affairs related to legislative and regulatory matters. @RobinhoodApp
Looks like somebody realized they should have a lobbyist in their corner
The actual content of her letter is pretty pointedly about trying to force the SEC to admit how and why we got to this point, and how they can account for such wild market swings and if any of it is ok or legal.
It doesn't seem to really be much of anything other than "hey, this seems pretty fucked up, are you...ok with this?"
like it specifically asks:
- How is the short position of Melvin Capital in any way ok, please be detailed in your response
- Question 2: is the ability for retail to jump in and take advantage of this not ok, please be detailed in your response.
Like, she is forcing them, ideally, to outline their position. That is how you...do stuff. She can't just send a letter that's like "please outline, from your own hearts, why hedge funds are bad"
edit: and like, this is a ridiculous situation. This is not how a market should work. I don't think what retail is doing here is wrong given the circumstances, but the point is that the circumstances shouldn't exist, and the current situation is untenable. That's not...wrong to say.
pyromaniac221this just might bean interestin YTRegistered Userregular
Yeah that letter from Warren seems mostly okay to me, voicing concern about finance entities treating the market like a casino and stock prices drifting further and further away from reflecting the actual value of a firm, pretty boilerplate stuff.
That Warren letter does not read to me like "what the fuck is with these poors" it reads to me more like "are you SEC people even trying to do your jobs?" sort of tone considering she comments on Reddit once then focuses the remainder on the hedge funds.
+26
FencingsaxIt is difficult to get a man to understand, when his salary depends upon his not understandingGNU Terry PratchettRegistered Userregular
edited January 2021
And this is a more insidious reason why members of government tweeting is bad for democracy: it trains people to only read the headline even more than it already does.
I kindof expect investigations on absolutely every side and angle of this whole situation. The hedge funds cause they've shorted a ridiculous amount, the brokerages for outright market manipulation with yesterday's bullshit, the folks at wallstreet bets for organizing a pretty clear pump on a stock that was somewhat properly losing value, gamestop to see if/how they benefited from all of this.
Like this isn't even a traditional pump and dump we're probably gonna have to come up with a new name for whatever this maneuver here was, and we need to figure out how to deal with the memification of stock trading. There's gonna be a ton of stuff written about this week in financial textbooks.
And this is a more insidious reason why members of government tweeting is bad for democracy: it trains people to only read the headline even more than it already does.
I think she could have worded that tweet better, absolutely. The character limit is bad for nuance.
The SEC is a government organization, with their reach and funding dictated by Congress.
So while any admonishment and criticism may be valid in a vacuum, my eyes involuntarily roll to the back of my head when a Senator points to the SEC, IRS et al and says ‘how could you let this happen?’
EDIT: Like, if you’re going to try and convince me that Congress has sufficiently empowered the SEC to make meaningful, systemic reforms to the way Wall Street operates and didn’t specifically fashion tue regulations and funding with which they operate to turn them into one of the departments that the government mostly uses to punish normal citizens while insulating the rich, I’m gonna have to ask you to prove it.
It's doing the lawyer thing where you ask a bunch of obvious questions that you already know the answer to, in order to get whoever you are questioning to officially acknowledge the thing that everyone knows is the truth (or not, in which case you get to easily hammer them over the obvious lying).
Which, granted, I would prefer the hammering to come first, cause I think it's stupid to even give the SEC a chance to respond with some bullshit argument about how "no, things are completely fine, we swear!"
Edit: and yeah, what Javen said. The letter is frustrating not cause it's saying the wrong things, it's frustrating cause it feels like political grandstanding.
ph blake on
+11
MaddocI'm Bobbin Threadbare, are you my mother?Registered Userregular
My favorite but was where the retail traders are referred to as a "flash mob with money" doing "internet trading schemes"
My favorite but was where the retail traders are referred to as a "flash mob with money" doing "internet trading schemes"
But hey, I look forward to being proven wrong
I mean, isn't that what they are? They mobbed something with a scheme to take advantage of a situation.
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+10
pyromaniac221this just might bean interestin YTRegistered Userregular
I think it is also worth keeping in mind that while it is very funny that they are forcing hedge funds to take a bath in this particular instance, day traders are generally bad
And I guess if I'm being an optimist, Warren is one of the Senators with the best chances of actually like, doing something about it. But I'll pretty much always be more receptive to someone who turns the lens inward first, instead of pointing to someone else.
I think it is also worth keeping in mind that while it is very funny that they are forcing hedge funds to take a bath in this particular instance, day traders are generally bad
Yeah, I can't feel too bad about the character assassination of a subreddit that uses an ableist slur as a rallying cry
I actually expect that the answers end up being the original naked short was potentially illegal because it was more than 100% and that everything else is shady but technically ok.
Now what the fuck do we do about memeing stock technically being totally fine?
Like that's the thing, I don't think any part of this has misrepresented gme's actual value. Seemingly everyone knows they're buying a dumb physical media store that's dying. Like no one is buying GME because they think that company is gonna start turning profits again and that this is a valuable long term investment. It's literally meme value. You just have to keep targeting big shorts and meming against them.
Then It's basically just this scene from point break
I find it hard to get mad at day traders themselves since a lot of them still hold regular jobs and only started investing because they realized the whole "work hard and the company will notice and promote you" thing is dead and the only way to guarantee financial security is to take it yourself.
I mean, productivity and the market continues to go up, but wages don't. You need to carve off a piece of that market for yourself. Or you can wait for some rich people to trickle it down to you.
I find it hard to get mad at day traders themselves since a lot of them still hold regular jobs and only started investing because they realized the whole "work hard and the company will notice and promote you" thing is dead and the only way to guarantee financial security is to take it yourself.
Yeah there's a pretty diverse set of people that day trade, from people who take 10 minutes during their lunch break to check on some shit they invested to people who poopsock it in front of a computer all day as their job. The further you get towards the ladder in that, the more likely you should be to kind of squint and be disappointed.
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a friends at the table character if i ever heard one
HEY WHAT THE HELL ARE YOU DOING WITH MY MONEY IN YOUR HOUSE JOE
Tweeter is a random person with the video clip which I should reiterate is an all time Brian Williams, an MSNBC host/journalist, moment.
Are you saying that's the rule for Ja Rule?
I love that Brian Williams realized that since the Right was gonna decry him as a hack anyway, and also since he's on at 11p, there's no inherent reason for him to take anything or anyone seriously "just because."
His absolutely utter lack of fucks to give really makes him a good bookend for MSNBCs nightly content.
Chris Hayes will always be the best, though I really wish he'd just straight "OK, Boomer"d Matthews when he went off about Sanders' voters dragging him out in the street and shooting him. Still, the look on his face said it anyway.
Well, surprise! It's Elizabeth Warren! Who's suddenly very concerned about...
*Checks notes.*
...market manipulation?
Really, if you had told me that Andrew Yang would come out of the Democratic Primary as the biggest embarrassment, I would have believed you. If you had told me that second place would be Elizabeth Warren, I would've been legitimately surprised.
Welp, I'm sure she'll rediscover her morals in time for 2028. :rotate:
I ran a black market reselling lottery tickets since I... found an exploit that would let me get at least 60 at a time.
Lotta neopoints in that.
"Readers who prefer tension and romance, Maledictions: The Offering, delivers... As serious YA fiction, I’ll give it five stars out of five. As a novel? Four and a half." - Liz Ellor
My new novel: Maledictions: The Offering. Now in Paperback!
Representative Peter Meijer (R-MI) is from the 3rd Michigan district that includes Grand Rapids and is one of 10 Republican House members that voted to impeach Trump.
A Groyper, according to wikipedia: Groypers, sometimes called the Groyper Army, are a loose group of white nationalist and far-right activists, provocateurs, and internet trolls who are notable for their attempts to introduce far-right politics into mainstream conservatism in the United States.
But nothing fixed that problem and the pandemic made it far worse
I hate Rick but damn that's a good line
I would have told you fucking duh why are you telling me something everybody already knows, we live in hell
Does anyone have a link to that article? My Google searching skills are not very good today
Like, this whole thing is infuriating, but Warren indirectly revealing that all her grandstanding about economic parity was a complete and utter crock is especially galling to me, a person who thought she might've been pretty alright.
Whoops.
But it also ends by asking why Tesla is up so ridiculously and other stuff too.
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Having a hard time finding a reputable article not behind a paywall but I swear I read this one the other day.
https://www.bloomberg.com/news/articles/2018-10-15/robinhood-gets-almost-half-its-revenue-in-controversial-bargain-with-high-speed-traders
Looks like somebody realized they should have a lobbyist in their corner
It doesn't seem to really be much of anything other than "hey, this seems pretty fucked up, are you...ok with this?"
like it specifically asks:
- How is the short position of Melvin Capital in any way ok, please be detailed in your response
- Question 2: is the ability for retail to jump in and take advantage of this not ok, please be detailed in your response.
Like, she is forcing them, ideally, to outline their position. That is how you...do stuff. She can't just send a letter that's like "please outline, from your own hearts, why hedge funds are bad"
edit: and like, this is a ridiculous situation. This is not how a market should work. I don't think what retail is doing here is wrong given the circumstances, but the point is that the circumstances shouldn't exist, and the current situation is untenable. That's not...wrong to say.
Like this isn't even a traditional pump and dump we're probably gonna have to come up with a new name for whatever this maneuver here was, and we need to figure out how to deal with the memification of stock trading. There's gonna be a ton of stuff written about this week in financial textbooks.
I think she could have worded that tweet better, absolutely. The character limit is bad for nuance.
3DS: 0473-8507-2652
Switch: SW-5185-4991-5118
PSN: AbEntropy
So while any admonishment and criticism may be valid in a vacuum, my eyes involuntarily roll to the back of my head when a Senator points to the SEC, IRS et al and says ‘how could you let this happen?’
EDIT: Like, if you’re going to try and convince me that Congress has sufficiently empowered the SEC to make meaningful, systemic reforms to the way Wall Street operates and didn’t specifically fashion tue regulations and funding with which they operate to turn them into one of the departments that the government mostly uses to punish normal citizens while insulating the rich, I’m gonna have to ask you to prove it.
It's doing the lawyer thing where you ask a bunch of obvious questions that you already know the answer to, in order to get whoever you are questioning to officially acknowledge the thing that everyone knows is the truth (or not, in which case you get to easily hammer them over the obvious lying).
Which, granted, I would prefer the hammering to come first, cause I think it's stupid to even give the SEC a chance to respond with some bullshit argument about how "no, things are completely fine, we swear!"
Edit: and yeah, what Javen said. The letter is frustrating not cause it's saying the wrong things, it's frustrating cause it feels like political grandstanding.
But hey, I look forward to being proven wrong
If the shoe fits the subreddit...
I mean, isn't that what they are? They mobbed something with a scheme to take advantage of a situation.
FFXIV: Tchel Fay
Nintendo ID: Tortalius
Steam: Tortalius
Stream: twitch.tv/tortalius
Yeah, I can't feel too bad about the character assassination of a subreddit that uses an ableist slur as a rallying cry
Now what the fuck do we do about memeing stock technically being totally fine?
Like that's the thing, I don't think any part of this has misrepresented gme's actual value. Seemingly everyone knows they're buying a dumb physical media store that's dying. Like no one is buying GME because they think that company is gonna start turning profits again and that this is a valuable long term investment. It's literally meme value. You just have to keep targeting big shorts and meming against them.
Then It's basically just this scene from point break
I mean, productivity and the market continues to go up, but wages don't. You need to carve off a piece of that market for yourself. Or you can wait for some rich people to trickle it down to you.
Yeah there's a pretty diverse set of people that day trade, from people who take 10 minutes during their lunch break to check on some shit they invested to people who poopsock it in front of a computer all day as their job. The further you get towards the ladder in that, the more likely you should be to kind of squint and be disappointed.
Are you saying they're sex workers?
it's a term from the dawn of MMORPG games where it means you never leave your chair while you obsessively do something online. it's literal.