Hedge fund billionaire Ken Griffin spent $54 million to stop Illinois from taxing the super-rich.
It worked. His savings over 10 years from beating the measure: $510 million.
It's not much of a democracy when you can buy it
https://t.co/3YpvrSyZsB
It’s Monday morning so you know what that means, MASSIVE FRAUD is being committed
In only a couple hours they’ve already run 9,537,193 #AMC share orders off exchange/ dark pooled ROBBING $74,962,336 in buying pressure illegally suppressing the price $AMC $APE #APE
Eyes on the ball. #WeTheInvestors letter #2 is in the works, this time focusing on transparency, choice, and control. We need to ELIMINATE FTDs as a business model, and increase reporting and transparency. Take a look. Engage, for change. ✊
Ken Griffin has said that billions invested in companies by retail could have been used for more noble purposes, such as the treatment of Alzheimer's, or the education of children.
Reminder, he bought a copy of the U.S. Constitution for $43.2 million because his son told him to.
Who is hired in the SEC?
Former employees
4 from Citadel
4 from Robinhood
1 from Apollo Global
1 from JP Morgan
1 from Bank of America
1 from Deutche Bank
1 from Goldman Sachs
Ever wondered why nothing happens?
Source: https://t.co/PZhUlY94Gz (Expand Biden)
#SECisComplicit
In 2010, billionaires contributed $31,000,000 to federal campaigns.
In 2020, billionaires contributed $1,200,000,000.
What allows them to secretly buy elections?
Citizens United
u can’t sell houses u don’t own
u can’t sell cars u don’t own
but
u *can* sell stock u don’t own!?
this is bs – shorting is a scam
legal only for vestigial reasons
This SEC precedent means that the OTC facilities run by Citadel and Virtu do NOT qualify for the locate exemption. They need to find locates, and they are not doing so today. This is the definition of naked shorting - selling shares they do not own and have not located.
@EricBalchunas I'm unsure as to what you mean by "meme stock underworld?" I have a diversified portfolio which includes some shares in AMC. I always support the underdog especially when I see these hedgefunds abusing their power. Too many narcissists appear to in places of power.