the really dumb aspect of the institutional performance is that the meme stocks are down now and because they interceded, they become plausibly responsible for the drop in the eyes of millionshttps://twitter.com/eigenrobot/status/1354841953658048512 …
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its extremely likely this would have blown up and lots of people would have lost their shirts without them doing anything and then they could have shrugged and said "financial assets may lose value dude this is why we used to not let randos trade" and there would be no pushback
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Replying to @eigenrobot
I don't agree, I think you'd probably have congressional hearings either way; "why didn't you protect them" vs "why did you stop trading." This was just perfectly timed such that nobody learned anything
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Replying to @MoralHazardPay @eigenrobot
We were already stuck on the bad timeline where someone is going to have to explain STONKS to a half senile reprobate who has been in Congress since before half of this site was born
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congress people are the greatest inside traders in history dont let their senility fool you
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