watching cnbc and nodding vigorously while a hedge fund guy explains that they didn't leverage puerto rico's debt to privatize its public utilities and absolutely cripple its local government so that you could all treat the stock market like it's some kind of joke.
— david tveite (@tveite) January 27, 2021
Yeah, only they have the right to impoverish children and ruin the economies of entire territories and nations.
The business model of Wall Street is fraud.
— Bernie Sanders (@SenSanders) January 28, 2021
Yes it is.
And the reason I make money is you don’t have to be smart when you can commit legal fraud, and the Wall Street people absolutely are not smart. Since I am a minnow, they don’t notice me nibbling. I get away with taking a few thousand here, a few thousand there.
What they do is pretty predictable, and all you need to know is a little psychology and to be smarter than 60% of them and their crappy algoritms. Which, frankly, is very easy.
If they actually were smart, I could not do what I do.
I think it's hard to convey the extent to which 'school culture' leaks into *everything*. I was homeschooled, and so when I got into the world 'school culture' was glaringly obvious.
Thread of examples:— Aella (@Aella_Girl) January 29, 2021
Good thread by Aella. Even when I was a kid, I thought the school environment felt absurdly artificial and inhuman. I was not wrong.
Body Camera Footage Shows Capitol Rioters Trampling Over Woman.
Yeah, that definitely looks like a bunch of tourists who just thought they were on a nice stroll through the Capitol.
Definitely not an insurrectionist attempted coup. Definitely not.
Watching every institution – from media calling them white supremacists to the SEC opening investigations – crack down on the peasant class for daring to take on the elite will do more to radicalize millions than any social media ban ever could. (Oh and they are doing that, too.)
— Cerno (@Cernovich) January 28, 2021
Agreed. I don’t think the plutes/Wall Street people realize how many folks they’ve radicalized against them in the last few days, on the left and the right, or just how very badly they’ve fucked up. It’s the only thing giving me hope right now.
Or to put it another way:
This is gonna make Occupy Wall Street look like the ineffectual mess it in fact was. Wish I’d gotten in on the action of burning down some hedge funds myself.
This is a really important point. The hedge funds are at so much risk of insolvency due to their greed, they are willing to take the risk that the punishment for brazen manipulation (and outright theft in @RobinhoodApp case) will be less than what they currently owe. https://t.co/wex8SHFqfg
— De-fund the police (@gemorris) January 28, 2021
This person understands what is going on and why, too.
Google Deletes Nearly 100,000 Negative Reviews of Robinhood App.
Fix is in. Of course, it always was — just now more people are realizing it as it’s getting harder to hide.
https://t.co/QBRi9yL11R pic.twitter.com/3vcBUZMUtE
— Stefan Ruijsenaars (@stefan_arrr) January 28, 2021
Once “security” measures are put in place, they are never reversed. Haven’t we learned that already?
That’s also why lockdowns will never end….
I want to write up my thoughts about GameStop but trying to describe in-depth financial plumbing problems mixed with market rigging by cynical assholes would make me sound like a lunatic.
— Matt Stoller (@matthewstoller) January 28, 2021
Same.
I think me and Chris Arnade are the only people on the internet who seem to understand all the details of what happened and why with Reddit and Gamestop, and I just don’t have the energy to write it all up step by step.
Part of if is that I did some weighted lunges tonight that really sapped me, but another factor is that even at the best of times that I don’t have the energy to write 2 or 3 thousand words that most people wouldn’t read anyway, especially the people who need to.
When vulture funds ran a multimillion dollar campaign to drive the economy of Argentina into the ground to profit off junk debt, emiserating an entire country, nobody on Wall Street called for regulation. When they did the same to Puerto Rico, these people were silent. Eat shit. https://t.co/VKZbiER6un
— Ryan Grim (@ryangrim) January 27, 2021
Right the fuck on.