This timeline.....AOC just redpilled millions Re GME/Robinhood shutdown
(media.greatawakening.win)
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There is no hearing necessary. Only arrests and bans from the industry. The evidence is OPEN and beyond dispute.
DoJ should be busting in doors NOW.
They are Naked Shorting the stock which is illegal. You can't sell more stock then exists, which is what these hedge funds were doing in order to drive it down even lower.
The Invisible Hand of the Free Market has reached out and bitch slapped them down. Even the Robber Barrons back in the day didn't operate this maniacally. They even tried to buy back into the market to keep it afloat before the crash. These people are evil and manipulating the markets. We the People are just flexing out muscle and they are scared shitless
They are going to make a list of everyone who bought that stock in the last month or two.
Fuuuuck
It's like this:
They are making a deal with the actual stock holder to "hold" their stock for them, sometimes with interest attached.
Then, what they actually do is sell stock that belongs to someone else. Sell high, then buy it back after it is low. Then they hand the stock, at the reduced price, back to the original holder. The holder doesn't care because the stock would have gone down anyways. All the risk is in the one shorting the stock. It isn't illegal at this stage. However...
What if they get greedy and intentionally tank the stock to increase their profit margin. Well, then the original holder would have a problem with that, right? How might you tank the stock? If you "hold" a whole bunch of the stock and sell it all at once, it looks like the stock is going down and others join in on the drop, selling while they can. This artificially plummets the stock to a value lower than it actually is. So, you wait until the last minute on a lot of your promises, dump them all at once, tank the stock, then buy them back for even cheaper than if you did it over a longer stretch.
The final nail in the coffin of risk comes next. What if you borrow from the guy you just sold the stock to? More profit to be made, right? As long as no one buys the stock before you, you can buy it back for the actual holder.
Then, uh oh....
People are buying the stocks up.
The price is going up.
THEY AREN'T SELLING!
YOU CAN'T BUY BACK ENOUGH STOCKS TO GIVE BACK TO YOUR HOLDERS!
YOU'VE BEEN CAUGHT COMMITTING A CRIME!
YOU LOST BILLIONS AND YOU HAVE NO MONEY LEFT!
JUMP OUT THE WINDOW!
Suicide Weekend.
Good explanation.
Ummm - first off, the DoJ prosecutes crimes. In terms of busting down doors, you may be thinking of the FBI or some other law enforcement agency.
Second... unless there were people using the wrong pronoun or mis-gendered, etc. the Feebs are not going to get involved.
Isn't FBI within DoJ?
Or a garage pully.
bust down the door to their office... bc they got so much work to do
https://www.sec.gov/ Good luck
FBI can't bust open the door. They can ONLY bust open doors they have ALREADY RIGGED to be OPENED.
Really can change FB"I" from Investigate to Instigate. "Federal Bureau of Instigation"
Ya right, The Dept of Injustice is more likely to go after the r/wallstreetbets users.