[captainarab]

This is blatant anti-competitive behavior on the part of Robinhood and Citadel.

As i say elsewhere - this margin call was FORCED by RH because they blocked users ability to buy shares as Citadel + others were ladder short selling to artificially lower the stock price of GME, forcing the margin call.

This is horrific, criminal, and should be prosecuted.

Ultimately, they know that their SEC Fine will be less than the $50B+ in losses they face from their irresponsible naked short selling.

Did we learn nothing in 2008? Are we just going to continue to allow wall street to get away with fleecing everyone else in America / the world?

[hartator]

> Did we learn nothing in 2008?

Yep, that we are going to have to pay their losses.

[miloignis]

Something else we learned from 2008 is that the government and taxpayers made money on the bailout because it was paid back with interest, see sources like: https://projects.propublica.org/bailout/

[joe_the_user]

A stock market is a high stakes gambling system. The smart and the powerful win. You'll never limit winners to just the smart. If you someone did for a period of time, those smart people would become powerful and decide to limit other smart people.

But so what if you did allow just smart people win? Most people aren't that smart and you'd wind-up with a fleecing. So making this game fair isn't particularly in the average not-genius-with-nerves-of-steel person's interests. It's more in the average person's interests to have an index-traded-funds go up a reliable amount each year.

Fleecing Reddit geeks isn't fleecing everyone in America.

Edit: My point is - sure it might be against the rules but this affair is between smart speculators and big speculators. Saying it's crime against everyone is ridiculous.

[twox2]

I disagree with you.

"It's more in the average person's interests to have an index-traded-funds go up a reliable amount each year."

You are saying that people are too dumb to decide what to do with their own money, and that's not your call.

The reason this is a crime against everyone is because there's allegedly a "free market", but moments like this show that the emperor has no clothes and that in fact that's not the case.

[tmaly]

https://www.reddit.com/r/occupywallstreet/

[quotemstr]

> Are we just going to continue to allow wall street to get away with fleecing everyone else in America / the world?

Well yeah. Why would you expect anything else? And if anyone complains about it, the complaints will get scrubbed off the internet. And if you go to private messengers to complain, your session keys will get escrowed because "terrorism" or "misinformation" or something and you'll be banned. Keep in mind that the WallStreetBets Discord server was banned for "hate speech" right in the middle of all the recent drama. Does anyone actually believe that was the real reason?

It's because of shenanigans like this that I'm categorically against any sort of control whatsoever over flows of information.

[adventured]

It won't be long before the Biden Administration is declaring members from WallStreetBets to be domestic terrorists acting in concert to attack the US financial system (it'll be part of the broader War on Domestic Terrorism program that they've begun). The powers that be in DC and on Wall Street will never allow this kind of action to go unchecked indefinitely.

They'll probably make it a crime to organize large groups of individuals to herd buy/short a stock.

[quotemstr]

> They'll probably make it a crime to organize large groups of individuals to herd buy/short a stock.

You'd better believe that something will be done to ensure that the rabble can't insult their betters like this ever again.