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Politicians are people who argue for or against new laws modifying existing regulations. When a company (pretending to go ipo no less) fails to protect itself and its clients from adverse market conditions, either due to incompetence or lack of proper regulations, it behooves politicians to...

Why? Again, you're building a strawman to make a point that doesn't stand up to scrutiny. The Reddit traders understand the market better than many. They identified hedge fund attacks on several companies and countered them by buying shares of these companies, triggering squeezes that led the...

Their right to do anything which are determined to be undue influence from their financial overlords for financial gains isn't legal, regardless what their TOS says.

Not my problem. A brokerage offers and I use their service. Their inability to fulfill their service is their problem. Clearly RH was underfunded and couldn't meet demand until their biggest customer bailed them out. But that's not the case for Schwab, or is it? Either way, it's a structural...

That is simply not true. I was monitoring AMC from TOS while all this was happening because I had bought 10k shares a few hours earlier and was expecting a rapid rise at market opening. Share price went from 8 to 16 in 15 minutes, triggering 2 breakers in that time when the newswires popped...

You're mistating intentions to build a strawman that is simply not true. The RH traders aren't looking to destroy the financial system or even capitalism they simply went after hedge funds that had oversold GME to 120%. The same hedge funds that needed to be bailed out in 2008 for nearly...

And for the mother of all discussions on the subject:

When Chamath Palihapitiya speaks, people listen

That story reminds me of all the totalitarian governments around the globe, from the right and the left. Looks like we aren't far from the same, particularly as we consider the market as sacro-saint representation of our capitalist system.

Ridiculous statement

I knew we could find a subject to agree on ;) The fact remains that these brokerages should be transparent, allowing buying and selling at will, except for rules/parameters that apply to all equally, such as margin requirements and such. What happened over the last couple of days with a handful...

FYI, it's not San Fran, it's not Frisco. It's The City if you're local or San Francisco if you're not. You can say City by the Bay, if you're feeling poetic. At least they don't have open carry laws, they have safe and free clinics where women can decide to have an abortion or not, they have...

Yes, sneaky bastards will do anything to achieve their goals. We, on the other hand, are moral and ethical, and would never stoop to anything like this. We just tell other governments not to use Huawei or else, and that worked too.

Behind paywall

They are still unsure if they should approve or disapprove the rebellion.

NYT just announced that Robinhood had to have a $1B influx of cash from investors!! This is real

And we thought the world could now go back to normal...

Can't do better than this

Reading the Reddit board, a lot of people are furious and this will be big. Expect lawsuits!

Lol... have you seen the ask price for GME? 5000 while the sell is 195... :confused: