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sdholloway56
Senior Advisor

Re: GameStop stock response

You furiously defended or falsely deflected for vast numbers of people who did worse to cause the GFC.

I don’t have a problem with short selling or short squeezes and probably don’t have a problem with small traders hanging up to create one. But I’m going to have to think about that. Even if we all know it happens and they almost always get away with it, if hedge funds colluded to manipulate the price of a stock that is technically illegal. What is and isn’t kosher in this new phenomenon will have to be divined.

BTW, Elon Musk and his status as a Demi-god in that cohort is a key player. Ironically Tesla can probably thank short sellers for 2/3rds of its value.

r3020
Senior Advisor

Re: GameStop stock response

Tesla can thank the rich dems for forcing Americans into it's product. Crony capitalism. Government chooses the winners and losers. Nancy has chosen Tesla.

sdholloway56
Senior Advisor

Re: GameStop stock response

You’re under water here.

Better just save yourself.

r3020
Senior Advisor

Re: GameStop stock response

It's the Hamtons that are under water. Don't worry * won't let em drown. They'll end up with a nice fat check.

sdholloway56
Senior Advisor

Re: GameStop stock response

Probably have less money to give GQP candidates then. Which clearly, on net, is who they have favored.

And Dennison really showed 'em- gave them a nice fat tax cut and loosened regs.

 

bruce MN
Advisor

Re: GameStop stock response

.I don’t and never have disagree with that notion. The history of the last 40 years confirms it.

But don’t count on it. This isn’t like any of that.

It’s actually pretty cool. And very scary.

It’s very much generational.  And disgruntled individuals on the far right and the far left essentially cooperating. 

Not much Congress and/or SEC can do under present regulatory tool box.

An old curmudgeon who is historically negative about everything posing stereotype laced  grumblings surely will be helpful though. 

r3020
Senior Advisor

Re: GameStop stock response

You are wrong again nQx. Trump raised their taxes by reducing the amount of local taxes they could deduct from the federal taxes. The vast majority of their campaign dollars went to dems. The party of the rich.

bruce MN
Advisor

Re: GameStop stock response

Anything you’ve ever posted here about the culture, religion, what’re notwithstanding you are confirming what has always been suspected.....you don’t know your xxx from a hole in the ground.

But much, much worse than that you are so blinded by prejudice, cultural jealousy and hatred that you have NO interest in rectifying that. 

sdholloway56
Senior Advisor

Re: GameStop stock response

Closer to 50/50 in the last election cycle than I thought.

BTW, talking actual policy here, vs. Jut Knowing and grievances.

Hedge funds and private equity should not receive tax breaks like carried interest. It might be that "the market" wants a company to be raided and broken up but there's no point in subsidizing it. 

And higher marginal rates on very high incomes are also a disincentive for that sort of un or marginally productive endeavor.

r3020
Senior Advisor

Re: GameStop stock response

Didn't George Soros get kind of rich short selling? Didn't he break a lot of people and ruin their lives? And now all of a sudden you guys think short sellers need protection.