In an interview with CNN's Brooke Baldwin, the "Wolf of Wall Street" Jordan Belfort said that platforms like Robinhood are shutting down because when stocks come crashing down, there will be "lawsuits flying."
#CNN #News
The real ‘Wolf of Wall Street’ reacts to Robinhood’s move
These Hedge Funds being played for once surely is satisfying…
Say (O Muslims), “We believe in Allâh and that which has been sent down to us and that which has been sent down to Ibrâhîm (Abraham), Ismâ‘îl (Ishmael), Ishâq (Isaac), Ya‘qûb (Jacob), and to AlAsbât [the offspring of the twelve sons of Ya‘qûb (Jacob)], and that which has been given to Mûsâ (Moses) and ‘Îsâ (Jesus), and that which has been given to the Prophets from their Lord. We make no distinction between any of them, and to Him we have submitted (in Islâm).”
They get the biggest bailouts, they’ll be ok
I think retail investors are getting disillusioned. Two hedge funds lost money period. However, way more hedge funds would have shorted at $350 and $300. They already made more money than what was lost. So no one taught anyone a lesson. Also, people are talking as if, hedge funds are always playing with their own money. Most of the large funds are playing with other people’s money. The maximum loss for hedge or their managers is – no commission and that’s about it.
I think the people who invest in hedge funds is who the movement targeted
@chew itt It’s not the Russians. But Elon Musk tweeted about it…
At the very least everyone is a lot more financially literate having looked into this story
@Rich Sociopathic Socialist Invest in bodybags and chopsticks. C’mon man!
https://youtu.be/AMixGOtpwzo
Great comment!💯
https://youtu.be/XImLUmatms4
But bitcoin.
The hedge fund knew the risks when they shorted the stock
They have no way of predicting manipulation, though. I don’t take this argument
Too big to fail.
@chew ittthan they’re going to have to arrest Jim Kramer live on CNBC
@Dean Kruse good point
Actually they didn’t know cuz they’ve always won with their manipulation lol they just thought this GME is another easy prey to hunt, but it turned out that’s wrong. WE HELD THE LINE
The fact that senators can commit insider trading after a meeting discussing the early threat of Covid and nothing happens, but a couple of Redditors making money gets the world into panic proves it was never a “free market” in the first place
Ask Janet Yellen why she receive 800k from the hedge fund Citadel. No one does corruption better than a Democrat. Just like the Biden Cartel receiving millions from Ukraine and China. Biden’s kids, Kerry’s kids, Pelosi’s kids, Romney’s kids are all receiving millions from corrupt foreign countries. Why in the hell do you think Trump kept calling Washington D.C. the swamp? He exposed them and that is why they hate him so much. Time to wake the hell up people.
@Mikaela V Feinstein
@Sunshine Lizzy PayPal is a verified, easy and secure crypto dealer. Trades in crypto are simple as can be also the app coinbase. It’s extremely easy nowadays. Just can’t invest more than $50 k a year with PayPal.
@Tiffany Lincoln they lost they’re job tho plus pardons can be reversed
@Lily Valentine I’m also interested and would like to get in touch with Dr. Jack. How do I go about it, just introduce myself and how to get started with trading?
Hedge fund Shorters should be required to publish their positions daily, NOW
Ahh… You can smell the fear in these Hedge fund cockroaches. God forbid someone else gets a piece of their Grift.
rather have billionair than lazy poor pleb
@rikilamaru I am sure you’re not a billionaire 😂
The TRANSGENDER NETWORK
The hedge funds accepted the risk. Now they want to change the rules and are using their commercial influence to extrajudicially change the rules.
Now Everything they dont like is illagle ……F these People
@Gabe Mendoza You are dumb. The value of evert stock woudn’t skyrocket like GME unless the hedge funds short every one of them. The example you gave makes no sense.
@Gabe Mendoza Another bullshit claim. Robinhood did not halt the trade to save those who borrowed money to invest. You can find emails that Robinhood simply sold all the stocks of those who borrowed money to invest without their consent.
@Ren George
Pretty sure I said everyone included. If people want to spite each other this badly, that would happen. The SEC and financial regulators had to write rules over the years on how best to manage volatility. Now they have to figure out these apps because this type of trade activity is not good. Someone is going to lose everything because there are assholes out there looking to exploit you, not that anyone cares as long as it doesn’t happen to them.
That’s what the “powerful”..or THE MAN..always do.
They’re tasting their own meds now…and it ain’t sweet. 😂😂
The brokerage firms should have remained neutral. The moment they suspended trading was the moment they f$cked the retail investor.
@Peter T You can’t spin this.
Allowing retail investors to sell and not buy does not solve the clearance problem. Someone still has to buy those stocks. What it does solve is reducing the market price for the stock, which is exactly what short position hedge funds want.
If this were the other way around – if it were retail investors with the short positions – and hedge funds bought several stocks, the brokerage and the clearing system would have allowed hedge funds to do it.
RobinHood is not impartial. They have a vested interest in hedge funds winning, because RobinHood receives a lot of revenue from a hedge fund involved in this.
Furthermore, a hedge fund lost money because of the short squeeze, and then received a cash injection from two ‘rival’ hedge funds. Imagine that? That would be like Target getting help from Walmart and Costco.
What we are witnessing is misinformation, manipulation and collusion. Follow the money. The numbers *never* lie.
@Peter T shouldn’t the SEC then halt the stocks for like 2 days? To allow the broker to take a breath?
@Joe Bloggs It needs to be investigated. I think they should look at if margin was robinhoods worry.
Bs
@Meletis Biniaris. The SEC did nothing. The brokers like Robinhood stopped it because they were being pressured by Citadel (who owns a large share of Robinhood).
This stinks of corruption and needs Congressional investigation.
First time ever that I’ve seen CNN, MSNBC, and FOX NEWS, along with AOC and Ted Cruz all on the same page.
“I’m on the side of the investor.” Said the man who once made a fortune by selling stocks he knew were garbage to fleece investors.
@Treebeardshome He didn’t say he believes what they are doing is illegal he said there is a fine line between collusion and a group of people just getting together to buy a stock they like, he even gave them a warning about posting things like “stay strong don’t sell” because that can be seen as collusion if the SEC starts an investigation.
I’m sure he doesn’t like Wall Street anymore lol. He probably is on the side of the investor after what happened
In the end he persuade redditors to find more valuable company to buy 🙄 I thought the point is not making money but screwing the bigger wolves by playing the game they always do. Saving Gamestop and AMC in the process is bonus. This interview seems forgot the reason it happen in the first place.
@Treebeardshome Everything you’ve said so far makes it seem like you didn’t actually listen to a single word he said. He said that if someone were to investigate this, it could possibly be argued to be illegal due to collusion when you have people stating stuff like “stay strong, don’t sell, we can do this”. But he reiterates that it’s a very gray area.
@Rizky Viyanriri You do know stock price has nothing to do with saving the company, right? Overpaying for shares that already exist doesn’t inject capital into the company, it’s just give your money to the previous owner. Now, I suppose they could start issuing more shares, but I mean, generally speaking, that’s something strong growth companies do, not ones that are at risk of bankruptcy.
Hold on tight boys, we are headed to the moon!!!!!
@Thyalwaysseek I don’t know what you mean. I am excited for space x
@M C Funny that nearly every person on wallstreetbets says the same thing in relation to the GME shares they are holding. If you want to beat the big boys at their game then you guys need to act a lot smarter.
@Thyalwaysseek thanks papa
@M C it was good advice
@J C. I got the message from the video 👍🏻
There is going to be lawsuits because of today.
My grandfather use to say “hunting ain’t no fun when the rabbit got the gun”…..😂
Say (O Muslims), “We believe in Allâh and that which has been sent down to us and that which has been sent down to Ibrâhîm (Abraham), Ismâ‘îl (Ishmael), Ishâq (Isaac), Ya‘qûb (Jacob), and to AlAsbât [the offspring of the twelve sons of Ya‘qûb (Jacob)], and that which has been given to Mûsâ (Moses) and ‘Îsâ (Jesus), and that which has been given to the Prophets from their Lord. We make no distinction between any of them, and to Him we have submitted (in Islâm).”
@Rama ban at 73 easting i introduced quit a few people to him.
@Roger That Got something against Korean War veterans? If so FU.
@Eric Michels Not even a little??
Not many WW2 vets left, cuz my Grandad who served under Patton died a few years ago.. My dad, a Vietnam War vet, I can’t picture saying that..
OP said “grandfather”, so I did a bit of war math and I figured my Grandad’s younger brother who served in Korea, who is still alive had kids younger than me who served in Afghanistan could fit in the same group..
I didn’t figure the original post was my age, because I served in desert storm.
@Eric Michels Fun side fact, my mom has someone on her side of the family that was kinda famous in his orbit.. Manson Benedict? (He’s got a Wikipedia page) Ever heard of the Manhattan project?
Its say to say my family is responsible for the deaths of quite a few of our country’s enemies.
Billionaire Hedgefunds: “Only WE are allowed to manipulate the markets”.
Something conservatives and liberals can agree on!
@B Wick Don’t get your hopes up. I’m sure they’ll all find ways to blame each other 🙄
Janet Yellen received 800k from Citadel. The hedge fund in the middle of the Gamestop controversy. No one does corruption better than a Democrat.
@outdoor fun Some are so caught up with political affiliation that they can’t see that Americans are getting played for fools by all sides. It’s why they’re able to get away with it so easily.
@outdoor fun you must be new?
Awww, so the millionaire class is upset because they should be the only ones to screw over people I see..
Yea pretty much lol
Close. But more like the billionaire class.
hahahahaha exactly !!!!!
The peasants are beating the bullies at their game and now they’re crying. Hysterical.
Very hysterical and such a baby
So much for a “free” market, small stock brokers beating corporate hedge funds at their own game and it’s now considered illegal. Give me a break
So when billionaire do, that’s a business. But when mass people do, that’s a scam !
Wall Street: “Heads I win, tails you lose.”
The coin: Lands on its side
@Arceo Infinity the coin lands in the air
Theres no gravity on the moon lol
Robin Hood has join the Sheriff of Nottingham.
The CNN reporter is actually showing some nuance here.