Posted on 01/30/2021 11:14:47 PM PST by TigerClaws
Dan Pipitone, Co-Founder of TradeZero. Fought our Clearing Firm to Get $GME Approved, WE ARE LIVE. Ask about Dead Hedgies, Other Trading Platforms Lying - AMA! Business r/IAmA - Dan Pipitone, Co-Founder of TradeZero. Fought our Clearing Firm to Get $GME Approved, WE ARE LIVE. Ask about Dead Hedgies, Other Trading Platforms Lying - AMA! Hey guys - this is Dan Pipitone, Co-Founder from TradeZero. You wouldn’t believe the shit going on behind the scenes right now. 10 hedge funds have fallen, and our clearing firm emailed to block ALL trading platforms from $GME, $AMC, and the like.
That some trading firms are blocking these symbols is disgusting, unprecedented, and beyond f***** up. Our clearing firm tried to make us block you, and we refused - after 3 hours on the phone they backed down.
So - ask away! ANYTHING. There’s some things I might not be able to touch on because of licensing restrictions. Anything that’s not a literal compliance requirement, I’ll level with you.
What this has been like running a trading firm, the communications we’re getting from clearing firms, what I’m hearing in the background, apocalyptic collapses in the financial sector, questions about TradeZero, whatever.
On a personal note - you’re a bunch of g****** heroes. This has been one of the most exciting weeks of my career and holy shit have you autists sent earthquakes through the system.
(I tried to post this on /r/wallstreetbets, but it keeps getting removed. Looking forward to doing an AMA there once the mods approve me!)
For "yes I am me" stuff:
Info posted here:
https://www.reddit.com/r/IAmA/comments/l81l3g/dan_pipitone_cofounder_of_tradezero_fought_our/?utm_source=share&utm_medium=ios_app&utm_name=iossmf
There are over 3,500 hedge funds in the US. How many more will “fall”? What ripple effect will that have kn the market?
Next week will tell the tale.
How many banks will they drag down
I’m enjoying this... I think.
But we are 30 trillion in debt with no end in sight. The Uniparty can’t stop talking about a “great reset”, and would love to “prove” capitalism has failed.
A collapse and looting of America is their goal so they can “build back better”. They would love to be able to lay a collapse at Trump’s feet, so a week into Biden’s reign would work well. A collapse also lets them wield ungodly emergency powers.
This would be a great excuse for them roll out a collapse of the economy and drop the hammer on us.
Prep prep prep....
Rule: Don’t naked short. Own the stock or option it.
Bankrupt them all
This may be it hold on to your bu.ts
No silver bars for sale on jm bullion out of stock ...
How’d they even do that since there are supposedly rules against naked shorts?
You usually make sense but I gave no idea what you’re talking about.
They’re trying to pull the “election night pause” game.
Look for them to step in to “investigate” long enough to panic the small fries. Let them exit abs save the a$$es of the hedge funds.
Robinhood is not letting its customers get statements so they can exit to another platform.
This might expose something like the mortgage scam where the packages mortgage “AAA” paper had actually been destroyed. People aren’t holding physical stock certificates. So there’s a “float” and many owners might not actually own something that exists.
Green light! :)
Fed’s Daly Pushes Back Against Pulling Policy Aid to Curb Stocks
https://finance.yahoo.com/news/fed-daly-pushes-back-against-234022779.html
I hear they placed the borrowed stock with one brokerage then sold it to another before selling it the third time in their short sale. Thus they hid the naked short.
I don’t think I have any of this kind of thing in my portfolio. If I don’t, I’m loving every minute of this. You can never be really sure what you own at any second in a fund.
I LOVE IT! I hope every one of these scumbags that look down their nose at us loses their shirt, pants and undershorts. I hope their lives are ruined. It is EXACTLY what they’d do to us, and have been for some time. I have NO sympathy for them. I’ve been the unfortunate victim of “GREED” earlier in my life. The notion of the “greedy” getting their just due. I love it! They could have lived their lives without preying upon others. But, NO!
NONE.
30 trillion? Try figuring the amount of “un-funded” liabilities.
I’m enjoying watching this. But there are a lot of people (DC and globalists) who would love to crash our economy. They will come out of the wreckage richer than before, and more authoritarian.
They will institute full socialism. They will confiscate 401ks. etc etc.
Like I said, I am enjoying this, but this has a “couple of months before the Crash of 29” vibe.
Our nation is up to it’s eyeballs in unpayable debt. They would love to bring it all down and blame us in one fell swoop.
I am just thinking extreme volatility and hedge funds imploding all around is gonna blow up in our face.
The simple version... store rice and beans if you haven’t. Like tomorrow.
Two things bother me about all this.
1) The howling ignorant mob, i.e. just brainless ranting with no understanding. Leftists and liberals are supposed have that MO locked down hard, not “our side”.
2) The number of on “our side” who are behaving like Bernie Bros or AOC fanboys, or Occupy WallStreeters, .i.e. “Screw all the rich people”, “Burn down/crash the system”, ...
The fall of Lehman Brothers in 2008 was the flashpoint that crashed the system back then. How many lost jobs? How many lost homes? How many saw their home values plummet by half? Was that fun?
Be careful what you wish for.
Very true... I’m just trying not to even think of that.
Wall Street backed Biden.
This is a big win for a bunch of average Joe’s (and a few billionaires) over a system that’s destroyed many businesses.
Trump was essentially a third party candidate. Republicans still hate him. He ran as a working man candidate against the establishment. Biden is the status quo oligarchy guy here. This helps us politically.
Yeah, we’re out over the tips of the skis a bit. They would love to quit talking about the stolen election, get out of the massive debt, and bring in that “great reset” they keep yammering about... and blame it all on us.
This is fun, but getting creepier by the day.
Some remind me of the Russian farmer in this:
“A Russian farmer finds a genie bottle and rubs it. Out pops a genie who say he will grant one wish. The farmer tells the genie that he’ll make a wish as long as whatever he wishes for, his neighbor gets double. The genie agrees. The farmer says: “I wish my cow dies.” The genie responds: “You’re kidding me?! Why on earth would you wish that?”, The farmer replies: “Because my neighbor that I don’t like has two cows”.
Like that farmer, it doesn’t matter that some will have their lives impacted for the worse, just as long as some rich people or insiders get screwed more. I’ve never been a big fan of blowing off my face to spite someone else’s nose.
The economy needs to tank so we can win in 2022.
Not a bad thing for us if people see the consequences of a Biden Dem/Dem Congress.
Well suffer a bit now ore more later. Let it be now.
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