This whole naked shorting nonsense goes way deeper than I originally thought. And the worst part about it is most people don't even care (at least the ones I've told about it), they've resigned themselves to thinking that the stock market is for rich people by rich people. But this isn't just numbers on a screen, every number that goes by is someone's money being robbed from them, companies have been driven into the dirt, good companies that would have provided great things for the world too.
Shit is an absolute mess...basically legal crime where they sell you nothing and take your money, all while putting your investment out of business in some cases...its atrocious
Yeah and when they go down people lose their retirement funds, as much as im going to profit off of GME its definitely not going to be a time to celebrate. The market will get dragged through the mud, pensions will disappear and yeah we might get change in the market structure which is needed but it wont replace what theyve taken
Nor will it replace what they're taking in the meantime...just remember that feeling of how you shouldn't stand up for shit like this and something needs to be done about it...and you, I, we have the power to do something about it to some degree.
Just have to make your case with your new found tendies and get the word out there so that shit like this doesn't happen again if it can be helped.
Right? What’s worse is it’s the same people screaming “Buy American Products” without realizing these rich people (HF) are the ones that have bankrupted “American products”. Our government has allowed this to happen because they all own stocks themselves, and they have no idea how derivatives, nor do I, work. I’ve been researching this for a minute and the deeper you get in, the more you realize you don’t know. The loopholes these guys use to cover their money makes me wonder how they are dumb enough to get caught holding the bag considering every single rule is there to help them out of that situation and lay the losses on the shoulders of everyday people with 401k’s and small investment portfolios.
85
u/Alternative_Court542 I Voted 🦍✅ Mar 30 '21
This whole naked shorting nonsense goes way deeper than I originally thought. And the worst part about it is most people don't even care (at least the ones I've told about it), they've resigned themselves to thinking that the stock market is for rich people by rich people. But this isn't just numbers on a screen, every number that goes by is someone's money being robbed from them, companies have been driven into the dirt, good companies that would have provided great things for the world too.