Peterffy - "System Dangerously Close to Collapse"

now what the USA has to watch is China playing the USA stocks in a big way...giving 1000's of people Chinese money to join in such flock exercises...they will do anything to destabilise USA. Remember this is a war...the GME experiment was an eye opener and other sinister powers will glady want to see a huge USA fall in any aspect of markets. Remember universal acceptance of RMB is what China wants and it will exploit until it succeeds.
 
zdreg said:
No. Risk has been socialized in the US, particularly for the financial industry. Most of us remember bank bailout in 2009. If the shit hits the fan the Fed will lean on IB to bailout a good part of the industry. e.g. jamie dimon and bear stearns
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What about Dick Fulde and Lehman Bros.??? Anyway, socializing losses just means you set the whole interconnected system up for a mega-collapse. Neither the Fed nor the US gov have infinite resources.
 
beginner66 said:
now what the USA has to watch is China playing the USA stocks in a big way...giving 1000's of people Chinese money to join in such flock exercises...they will do anything to destabilise USA. Remember this is a war...the GME experiment was an eye opener and other sinister powers will glady want to see a huge USA fall in any aspect of markets. Remember universal acceptance of RMB is what China wants and it will exploit until it succeeds.
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Indeed, the CIA war gamed financial warfare years ago, and it was shown to be a potent weapon. In fact, some observers think, based on evidence, that the 2008/09 calamity was triggered by the financial meddling of some unfriendly foreign power, but it is difficult to trace the money flows back to their ultimate origin.
 
tsznecki said:
who cares? You sell naked options, you accept the responsibility.
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LTCM, run by nobel prize winning economists, had all its options carefully balanced so that nothing could go wrong, yet it not only failed in 1998, but very nearly brought the who global financial system down with it. Too much counterparty risk. And all those financial crises that swept so many countries in 1997-1998 all started with the obscure Thai baht currency crisis in southeast Asia. No one suspected the ramifications it would have. No one understands a complex system, because no one is capable of understanding a complex system.
 
piezoe said:
Its not the squeeze that produces the big profits, its driving a stock to zero on a company that does not have the resources to fight back!
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Oh, please, you can't drive the stock of a financially viable company to zero. Even if you could (meaning the shares would be free for the asking!), as soon as the company earned a profit, the value would leap up again.
 
nattybumppo said:
Oh, please, you can't drive the stock of a financially viable company to zero. Even if you could (meaning the shares would be free for the asking!), as soon as the company earned a profit, the value would leap up again.
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Piezooe's post is based upon a non-existent reality. Your post is in the same vein. Company insiders, hedge funds , knowledgeable investors and takeover specialists would be buying stock long before the stock price approaches zero.
 
Option_Attack said:
"‘What I would like to point out here is that we have come dangerously close to the collapse of the entire system, and the public seems to be completely unaware of that, including Congress and the regulators.’
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Maybe hes talking bout his business, Interactive Brokers :p
 
"We know we privatized and decentralized the power grid and you pay a monthly bill for energy. We know this month you'll be getting a bill in the thousands. What we need you to do now is to socialize the losses w/your tax dollars so we can get this equipment winterized." ___Abbot

 
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