Disgusting reminder of the failures of nonprofit stewardship and government overreach. That foundation should never have been in peril, and the blatant overreach "for the public good" of a citizen's private property is terrifying.
Why would "anti-family" laws make sense? People who come from stable families are statistically much much more likely to be happy, successful and contribute to society.
Robinhood, along with half a dozen other banks/brokers who were well capitalized all decided to restrict trading, and continued to do so until the price was 1/10th of the high. Just a little poor money management folks, nothing to see here!
Rubbish. TD Ameritrade, WeBull and half a dozen other brokers with gigantic balance sheets also suspended trading. This was a rug pull executed by Robinhood on behalf of it's clients.
1) The NSCC (DTCC) confirmed that all parties met their depository requirements.
Even if they had not met the requirements (again, which they did), a depository requirement change is not an extenuating circumstance in the least. That is part and parcel of this business.
The big problem is a retail broker shutting down trading to protect hedge funds who were short. Confirmed in Congressional Testimony: "NSCC examined the market activity and clearing member margin requirements to consider
whether it would be appropriate to adjust or waive the capital premium charge, as permitted
under the applicable rule. NSCC determined that the spike in market volatility, particularly in
the so-called meme stocks, was a material contributor to elevated VaR charges for several
clearing members, including most of those subject to capital premium charges. NSCC
determined that it would be appropriate to waive the capital premium charge for all clearing
members, using the discretion provided in the rule to reduce or waive this charge.4 Just after 9
a.m., prior to the market opening at 9:30 a.m., updated daily margin statements reflecting the
waiver were released in NSCC’s portal and revised excess/deficiency notices were emailed to
clearing members. All clearing members timely satisfied their clearing fund requirements...NSCC’s role in the market is a neutral one. It does not impose trading restrictions upon its
clearing members or their customers, and it did not instruct any clearing member to impose
restrictions during the market volatility events of late January." - https://www.dtcc.com/-/media/Files/PDFs/DTCC-Statement-Febru...
GoldenEar has a very nice passive soundbar that I recommend if you don't have the room or a high WAF criteria for separates. Pair it with some solid in ceiling speakers and you'd be surprised how well it performs.
First time might have been retail traders but this is all about big whales. Shorts are pinned - all shorts must cover. Writing this off as a retail pump and dump is ignorance.
That table is stunning, fascinating article. I wonder what the supply of these logs is like and whether we will see "Real Fake Bog Log Bedframe" coming out of the black market shops of Asia any time soon.
You sound like someone who doesn't run in the same circles as those in power. Let me clue you in: a few are genuinely racist, most arent, and some are racist in a way that 10 years ago wasn't considered racist. They are being pushed into a corner by people like you YELLING at the top of your lungs that they are racist and that the riot mob is coming for them. They look at decades long careers and think "They think I was just handed this?" while you attack them as white supremacists. You demand that the institutions they run be dismantled. Insert baby in bath water, it's all got to go, no compromise. You can't name why they are racist or how you are going to be able to fix it (hell you don't even broach what sort of landscape the new institution would exist in). It's all just vitriol and acrimony from the likes of you, and it's tearing this country apart. Stop it. Get constructive and grow up.
Isn't this supposed to be illegal? I was once taught that anti-trust laws were put in place to prevent predatory pricing. Amazon doesn't need to make any profit on retail as long as AWS can support it.