/r/wsb autists taking on a wallstreet hedgefund. Elon musk involved as always / wallstreetbets / gamestop - Gamergate 2: financial boogaloo

  • 🔧 At about Midnight EST I am going to completely fuck up the site trying to fix something.
Spawn said:
Buuuut people didnt know it or at least how far it spread and who was in bed with who. Now they do. Now out comes the wolves.
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I think most people were aware or at least suspected that they were playing with loaded dice, what this has exposed is that's not only true but that you're literally not allowed to win.

What's happening right now ( preventing people from buying thursday and restricting them friday was just the beginning ) shows that if you win even despite the loaded dice and the odds favoring the house the casino will flip the table and tell you to get the fuck out. Im sure in Minecraft such a realization would result in widespread rioting.
 
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Andy Bandy Man said:
Or somehow rebuilding real american job. "Learn to code" is such bullshit, coding is mostly a solved problem too, and now we have too many specialist whom think the solution to evrey problem is flipping bitz.
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The next "real American job" would have to be doing a trade. Maybe make more incentives for people going into trade school?
 
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mrdk_04 said:
While this has been immensely entertaining so far, do we have any (official) projections regarding the damage this will cause to Wall Street?
How big we talkin' here? Hedgies getting cucked, Melvin going tits up, spontaneous pavement trips, Wall Street's reform, economy imploding, etc.
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It depends.

A few assumptions to make the math a little easier for me: GME opens on Monday morning at $300 per share. During Friday's trading, the hedgies somehow buy enough GME to bring the short float down to 100% by Friday's closing bell, meaning that Friday's after hours and Monday's pre-open trade is just shuffling deck chairs on the Titanic. Melvin Capital is reportedly on the hook for $1b for every $12 over a $20 share price (let's assume that all the other shorts have buggered off and decided to let Melvin take one for the team).

$300 - $20 = $280
280/12 = 23.33

viz. the shorts would be about $23b in the hole in this example.

Given that some of the larger hedgies have trillions in assets, even a loss of $20+ billion is a drop in the bucket for the overall market.

Bear in mind that this is a very simplified explanation, and doesn't include other factors such as interest paid on shorted stock. Please let me know where/if I've fucked up.
 
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Meat Target said:
If you withdraw over $10,000, you'll be subject to a Currency Transaction Report. These are supposed to be for deterring criminals and money laundering, but of course, they can be used to detect anyone who committed the crime of making the Experts™️ look foolish.
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I know, but well go talk to your bank and see what they can do for you because Filling out one of those reports vs it being in a spot where Sniffing Joe can come bye and fondle your bank account like he would the cast of cuties.

Because I promise they will 100% attempt to take it out of your bank account directly, That is coming, just like the bailout is coming. The Administrative Complex is going to be angry and want vengence.
 
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No Exit said:
No way, this can't be real. :stress:
Why would any self loving jew post something like this now?!
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I don't think they're actually jewish. On their instagram they've got Ron Jeremy listed on their instagram very recently and....
1611967631976.png

https://jewishcontributions.com/contribution/188-ron-jeremy-hyatt/ I'll give the credit, the listing a sexual assault charge as a "fun fact" seems to be the most unsubtle that they've gotten from the ones I've seen.
 
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I'd like to see the ramifications of such an overreach/overreaction to being played like they play.
 
The Wicked Mitch said:
I think most people were aware or at least suspected that they were playing with loaded dice, what this has exposed is that's not only true but that you're literally not allowed to win.

What's happening right now ( preventing people from buying thursday and restricting them friday was just the beginning ) shows that if you win even despite the loaded dice and the odds favoring the house the casino will flip the table and tell you to get the fuck out. Im sure in Minecraft such a realization would result in widespread rioting.
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Who said anything about minecraft? All i know is im standing in redsquare august of 91. The red stars in the sky being consumed by the burning sun fueled with our ire into one gigantic funeral pyre. If people realize it was rigged from the start then they have nothing to loose and if thats the case we all loose. Capitalisim is not do better than x but rather stab him in the back and kick his legs out from under him. they have done it to us for years. now they'll see what it feels like. anarchy on the street.
 
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