RE:RE:RE:RE:Is GameStop finally the Straw that BREAKS the Camels Back? JP morgan got fined $1 billion for manipulating precious metals of years,
It's just cost of doing business, Make multi billions screwing the others and only pay 1 billion in fine, great profit margin without sweat. I can assure you manipulation will and has continued after paying the fine. Screwing the public is supported by the gov'ts. The fine is just an optic to make public believe the regulators are doing something about it, but it's no.
$1 billon fine
Not just JP Morgan, all banks are manipulating precious metals.
RagingBull3 wrote: Mrbb...I disagree. There's NO LIMIT to Greed and Corruption... If Pure Capitalism were to be allowed... the divide between the 1% and the rest would be even greater.
If they could... they would make you work for them for FREE.
Some of the Richest companies do just that..... They call it "INTERNSHIP".
all just my opinion/view/thinking
mrbb wrote: I disagree with your view.
I much prefer a true free market. The trading halt is not protecting the small investors but rather it's protecting the greedy professional shorters (usually work for banks) as the pro shorters are taking a bath and trading houses are just trying to stop the bleeding of these professional shorters. Regulation should be protecting the small investors from the big boy traders and manipulators. With such protection, the pro shorters will keep on manipulating stocks as their playbook strategy knowing the house will favor them. Here we have the small investors winning over the pros but bankers put a stop to it.
Maxmoe wrote: Sadly, all irrational speculation ends the same way. The little guy gets stuck holding a $30 stock he paid $300 for. Greed and stupidity are a dangerous team. Every generation has to learn the hard way , so too will the Reddit generation. It would be nice if a few shorts get wiped out in the process.