I need some questions/talking points from those of you who understand the economic stuff....
🧐 Research Wanted 🤔
We have a Senate candidate who is a filthy rich investment banker. We need to be feeding him questions about the role of the Fed and other pertinent things but I don't understand it well enough to phrase the questions. We've got to sink this empty suit and quickly. Any help appreciated...
Ask him about the SEC not enforcing ban on naked shorting of stocks. This is illegal because it creates counterfeit shares of stocks. Hedge funds get slaps on wrist if they get caught.
Hedge funds have used naked shorting to drive perfectly good companies into the ground as well as they don’t close their positions while a bankrupted company’s stock price stays close to zero (this is called cellar boxing). They get out of paying taxes this way on gains because they never close the position there is no ‘gain’ to declare for tax purposes.
Zombie stocks sears and blockbuster,still around and spike up now and then......
Yep.
There’s more in the DD but there is a crazy (but what isn’t nowadays) theory that Bezos is in cahoots with Bain Capital and Citidel to short Amazon competition into the ground. Analogy is that it like a car theft ring and one acts to steal the cars (Citidel) and one acts like the chop shop (Bain capital to liquidate parts of the bankrupted companies) and Amazon acts like a fence orb huger of the liquidated parts. Something like that.
That high quality DD I read it all myself on superstonk,nothing crazy about it,those fukers are pure evil
I just wish I had access to buy blockbuster still so when it periodically goes up 6,000% in one day I could become a millionaire. Cellar boxing bastards.
We caught them this time,all we have to do is hodl.