I think a few fund managers may lose their jobs..
dow jones
- Thread starter Jkloc420
- Start date
Stupid thing. Image must be too large, I guess?
Whole lotta nothing, but they're already trying to cover themselves.
It's too late I hope I see a mass Exodus from Robin Hood.
Yep.
Even if they avoid legal trouble, hopefully this kills their IPO.
Maybe some hedge fund will buy it.....
And Reddit can short it
Bankrupted Hedge Fund Managers To Receive $600 Stimulus
U.S.—Hedge fund managers nearly bankrupted by Redditors are desperately trying to fight back, but it's not looking good as the internet populist uprising continues.
Rich Wall Street investors getting squeezed by the GameStop buying frenzy are taking solace in the fact, though, that they'll get a $600 stimulus check.
"I think it's a lot of money, sure, we would have liked to get more, but $600 is significant," said Nancy Pelosi in a press conference Thursday. "I'm happy we were able to accomplish at least that much for them. We would have gotten more, but Trump blocked it."
U.S.—Hedge fund managers nearly bankrupted by Redditors are desperately trying to fight back, but it's not looking good as the internet populist uprising continues.
Rich Wall Street investors getting squeezed by the GameStop buying frenzy are taking solace in the fact, though, that they'll get a $600 stimulus check.
"I think it's a lot of money, sure, we would have liked to get more, but $600 is significant," said Nancy Pelosi in a press conference Thursday. "I'm happy we were able to accomplish at least that much for them. We would have gotten more, but Trump blocked it."
DELACROIX
In the Spirit of Honore' Daumier
Bankrupted Hedge Fund Managers To Receive $600 Stimulus
U.S.—Hedge fund managers nearly bankrupted by Redditors are desperately trying to fight back, but it's not looking good as the internet populist uprising continues.
Rich Wall Street investors getting squeezed by the GameStop buying frenzy are taking solace in the fact, though, that they'll get a $600 stimulus check.
"I think it's a lot of money, sure, we would have liked to get more, but $600 is significant," said Nancy Pelosi in a press conference Thursday. "I'm happy we were able to accomplish at least that much for them. We would have gotten more, but Trump blocked it."
Yeap..it was Trump’s fault..
DriveInDriveOut
Inordinately Right
DriveInDriveOut
Inordinately Right
Yellen received $800G from hedge fund in Gamestop controversy; WH doesn't commit to recusal
Newly-confirmed Treasury Secretary Janet Yellen received around $810,000 in speaking fees from the hedge fund that bailed out one of the primary losers in the recent Gamestop frenzy.
BrownFlush
Woke Racist Reigning Ban King
I thought Rush's commentary was spot on about this today.
Brownslave688
You want a toe? I can get you a toe.
I can only assume Google is blurring this image?
Babagounj
Strength through joy
Why isn't she wearing a mask ?
She's on Federal Property.
Too late. Too much money was lost because of what they did.
DriveInDriveOut
Inordinately Right
So supposedly, actually executing the trades fully takes 48 hours, and the clearinghouses require a a lot of capital from the brokerage firms as a guarantee.
Because trade volume was so high, Robinhood may have been concerned about the amount of liquidity they had left available for their service, so they halted trading. Now they're saying they've secured more lines of credit so they're allowing trading again.
Not sure I buy it, but that's what the financial talking heads were saying yesterday.
DriveInDriveOut
Inordinately Right
One thing I'll say is I remember a while back robinhood servers crashed when the market was tanking, I think this was back when covid was just hitting.
A lot of people couldn't sell and got burnt by that outage. Yet Robinhood's userbase kept growing....
Sounds like a load of BS to me
I guess you get what you pay for then.
