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Why did Robin and the other brokers stop trading GME all at the same time this morning? For a fraction of a second, GME hit true escape velocity and was at $2600. The price was on its way to true infinity.
Multiple hedge fund bosses are bold enough to take live interviews and explain, yes they shut down GME trades because they were existentially exposed on the bets they made.
So they unilaterally, without SEC support, shutdown the trades.
Now, they are getting hauled in front of the Senate.
I am only 48 years old, but I have *never* seen our Federal Government act this swiftly.
We have Elon Musk hating the shorts - yawn, sure. We have Elizabeth Warren hating the hedge funds - yawn sure, that's what she does. We have AOC cry foul on the class warfare - yes, also on brand. But we have the infamous traitor twins Ted Cruz and Trump Jr also crying foul. Everyone's favorite jerk - Ben Shapiro! Even the damn twins that got bamboozled by Zuckerberg are appalled. Everyone. Everyone. Is united against these hedge fund guys.
Think back to 9/11 - how long did it take Cheney to get in and invade Iraq? Months! Think of WW2, we let that shit go on for years...
And of course C19 - SMH!
Or even 2008.
The beast is ticklish today.
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Originally posted on Facebook on January 28, 2021.
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Published: January 29, 2021 12:30 AM
Last updated: March 8, 2026 3:07 AM
Post ID: a98cdf05-0292-4251-aac6-ba1eb45af4f7