- 53 Posts
- 176 Comments
1·9 months agoLol this is pretty good. It’s a little confusing, though, and could use a little simplification, perhaps? Either way, I like it!
What a shame… yet comedy.
For anyone just kinda happening across this post and not sure what’s being talked about, this is related to the stock market.
Basically, it’s possible for large hedge funds to create and even sell “phantom” AKA counterfeit shares - and then when someone calls them on the fraud, they can just kinda say, “Whoops! Our bad! We’re just going to reverse the whole deal and pretend it never happened. :)”
There’s more in-depth info at this website here - which isn’t very pretty or expensive/professional by any means, but is well-sourced and straight-forward.
I’m all about starting an AIG. I think that’s, very likely, vital at this point. My guess is the board and executive team would welcome it.
I see you already have an answer. Another ~relevant answer would be “most of them.”
I really, really appreciate this post. Good stuff. It’s one of those things what I had kinda felt or sorta knew, but couldn’t or hadn’t tried to articulate (did I really know, then? maybe not).
If the bulls win, then GameStop continues to provide value to customers –– and potentially enters into emerging markets like NFTs (positive sum).
I think it could be effectively argued that it’s far, far, far bigger and important than merely that.
On one hand we have truth, honesty, fairness, transparency, delight, and general good-will - the bulls.
On the other hand, well… the opposite of all those ideas/concepts - the bears.
Do the “good guys” always win? Well, no - not really. Nevertheless, the bulls really, really need to win at this point in time and history. The planet and all the people and other inhabitants on it, more so now than any other time in all of humankind - due to sheer population and power concentration and associated groupthink and associated incestuous ideation & leadership - need a sort of cataclysm and explosion of what the bulls represent.
Excellent post and education.
Could you break this down a little more ELI5?
Nevertheless, I think you’re looking at a facet/dynamic/function/? of the issue and market that isn’t often looked at - and brings with it some possible insight.
Wow, what a good cartoon. Hadn’t seen that one before.
These motherfuckers all throughout what we call “Wall Street” deserve to rot in prison. So fucking tired of this god damned bullshit.
They’ve destroyed countless fucking lives across the world, while fostering, encouraging, and perpetuating untold amounts of pain and suffering.
A network and regime such as “Wall Street” is most definitely not historically or contemporarily known to commit crimes. They defintiely aren’t habitual offenders. No way.
/s just in case.
This makes it obvious.
For anyone who maybe didn’t read through the entire post or understand everything:
If you buy shares through Computershare - those shares are NOT “DRSed” until you terminate DirectStock aka “Plan.” See the source from the SEC here - go to the third to last bullet point under Direct Registration and read the last sentence there.
I don’t think I’ve seen this before. Thanks for posting.
Lot of good info here.
Well put. I can relate and think you articulated the problem well. When it’s all said and done, the greater “stock market” and Wall Street network is simply irrational, unreasonable, opaque, and illogical - largely by design and on purpose. The only way it becomes “rational” and “reasonable” and “logical” is when viewed through a lens of corruption and deception.
Keep up the good work. Very motivating and inspiring.
I think much of the time you reach into an anal cavity and whatever comes out… hey! There ya go.
Eh, touche. Though, that’s a bit extreme and binary, I’d say. Sometimes humans are rational and sometimes (a lot) they/we are not.
Ha! Eh, kinda sorta.
This is more related to the corruption on Wall Street and associated regulating agencies.
The fact of the matter, at the end of the day and what this community is primarily focused on, is that if you/someone you know holds stocks/retirement securities with a brokerage (TD Ameritrade, Robinhood, Schwab, etc…), you do not - unequivocally - actually own those shares. That lack of true ownership equates to gargantuan loopholes and widespread fraud. It’s known as “street name” registration.
Street name
Registration under which securities maybe held by a broker on behalf of a client but be registered in the name of the Wall Street firm.
https://www.nasdaq.com/glossary/s/street-name
About 83% of people in the markets have “their” stocks in “street name” registration.
Cede owns 83% of all issued stocks in the United States.[6] The other 17% of all issued stocks is owned by directly registered holders through the direct registration system.
Yeah, it’s pretty confusing - and one would think there would be a push to make it much easier to understand with language that didn’t make it so confusing. The cynic may say the language and wording is purposefully misleading/confusing.