This Is Fine

12:50 AM

(Satire)Financial sector aghast the poors are gaming system designed to be gamed by the rich

Beaverton has gotten really good

I mean this doesn't even count as satire

> “We will halt trading if there is any more of this concerted effort from ordinary people to make money from a system that is only supposed to make money for select people,” Nasdaq CEO Adena Friedman said today in response to the ongoing situation. “The market must not be manipulated… by anyone whose parents did not get them into Yale or Harvard.”

Sorry beaverton, you get adblocked, because your ads are garbage

Jolenealaska

1:27 AM

Remember this Looney-Tune?

Giuliani election witness who testified at Michigan hearing says she's running for state house seat

Wipqozn

2:49 AM

Biden pauses oil and gas leases, cuts subsidies to act on climate cbc.ca/news/technology/biden-oil-gas-leases-1.5890467

> "In my view, we've already waited too long to deal with this climate crisis," said Biden at a White House ceremony, noting the threats the nation faces from intensifying storms, wildfires and droughts linked to climate change.

I mean, that is the scientifically correct view

Jolenealaska

5:05 AM

Proud Boys leader Enrique Tarrio was an FBI informant

> Tarrio, in an interview with Reuters on Tuesday, denied working undercover or cooperating in cases against others. “I don’t know any of this,’” he said, when asked about the transcript. “I don’t recall any of this.”

> Law enforcement officials and the court transcript contradict Tarrio’s denial.

> “he cooperated with local and federal law enforcement, to aid in the prosecution of those running other, separate criminal enterprises, ranging from running marijuana grow houses in Miami to operating pharmaceutical fraud schemes”.

Private Pansy

@Jolenealaska More plot twists than a Hollywood movie

Jolenealaska

I'm really troubled by a lot of this.

Private Pansy

5:23 AM

Criminals snitching isn't surprising. I'd be shocked if he actually worked for rather than worked with the FBI

Jolenealaska

The Thin Blue Line and the Proud Boys are too damn cozy.

Unionhawk

5:42 AM

cops and klan since the beginning

Jolenealaska

7:45 AM

Cloris Leachman, award-winning sitcom star, dead at 94

Wow. She grew up just down the street from where I grew up (a generation later).

I was briefly on stage with her when I was in high school.

RIP

She was great.

I would not have guessed she was that old. I feel ancient now.

Nzall

8:07 AM

@Jolenealaska She was from before my time, it seems. I don't think I've ever really seen a show with her

Jolenealaska

The Mary Tyler Moore Show and a spinoff. Those were huge.

imdb.com/video/vi3316301081?ref_=nv_sr_srsg_1

user 147593

Classic

> including eight Primetime Emmy Awards from 22 nominations, making her the most nominated and, along with Julia Louis-Dreyfus, most awarded actress in Emmy history. Wikipedia

Jolenealaska

I'm actually wiping my eyes. Meeting her was very cool.

She was very gracious and encouraging to a young community theater cast. She did a hometown cameo for charity.

user 147593

8:27 AM

94 is a good long life.

Jolenealaska

It certainly is that.

user 147593

:-)

just trying to cheer you up

In other local news: I got a 10 year-old girl who was chatting in these rooms yesterday suspended.

Jolenealaska

She would be deleted, not suspended.

Unfortunately.

user 147593

yup

Nzall

@user147593 yeah, I saw that

I actually talked to her explaining that what she was doing was against the SE rules

user 147593

8:40 AM

It all felt a bit creepy.

Jolenealaska

Usually they give themselves up. I want to scream shut up!

got a link? I didn't see it.

user 147593

Everything got deleted.

just as well then

yup

Good night!

8:43 AM

cya, pal

Nzall

@Jolenealaska chat.stackexchange.com/rooms/19718/trash it got moved to this room

chat.stackexchange.com/rooms/61165/the-awkward-silence is the room it happened in

user 147593

she had her age posted in her user profile

-_-

Nzall

1:59 PM

While saying she has no regrets over the Capitol being stormed on Jan 6th Rep. Marjorie Taylor Greene (R-GA) tells notorious bigot Katie Hopkins that she'd love to trade her “for some of our white people here that have no appreciation for our country."...

Tim Stone

2:28 PM

> Just to be clear, Citadel, one of the largest clients of RobinHood, bailed out Melvin. Days later, RobinHood shut down purchases of $GME and other volatile names. Yes, the game is still rigged

They may have additional motivations but Citadel protecting its $2.5B investment by strongarming them doesn't seem unlikely!

Wipqozn

2:55 PM

yesterday, by Wipqozn

@Jolenealaska Surprise, Republicans are morally bankrupt

@TimStone Yeah I was expecting this to happen

When rich people lose money, they get bailed out! When the average joe does it, they go to jail!

I mean jfc Trump literally bailed a bunch of people out for being white and rich on his last day in office

Systems fucked

Tim Stone

3:08 PM

> @NewYorkStateAG says State Dept of Health undercounted nursing homes deaths by as much as 50%, as a result of not reporting deaths at hospitals

Whoops 😐

> Austin City Council approves the purchase of a hotel to permanently house people experiencing chronic homelessness USING DOLLARS CUT FROM THE POLICE BUDGET

Eyyyy

MBraedley

I really don't understand how short selling can be legal. In any other case, if you sold something that you didn't own, even with the promise of replacing it with an equivalent item, that would be theft. I like to take it to an extreme, and use the example of short selling a long term rental car.

Tim Stone

Well it's a way for rich people to ensure that they remain rich so it's okay

But yes, logically it's just absurd

ToxicFrog

@MBraedley AUIU, you are not so much selling stock you don't own as selling a promise to come up with the stock somehow and hand it over soon

Which is, conceptually, not that different from commissioned works -- you are not selling something you have, you're selling a promise to build something and then give it to the person you sold the promise to. It's just that rather than building something to fulfill the promise you are buying stock.

Tim Stone

Especially when you consider that they're able to short more stock than actually even exists because they can often get away with not actually officially borrowing any!

ToxicFrog

The difference is that if you sell promises to come up with twice as much stock as actually exists, or if you sell the promises at half the price it actually costs you go get the stock in the end, you get bailed out, while if you sell artwork for half of what it costs you to make you go bankrupt.

Tim Stone

3:15 PM

> 71 y/o man arrested with gun and 20 rounds of 9mm ammo.. while parked in intersection near Rayburn US House Office Building

MBraedley

@ToxicFrog No, that stock that gets sold has a new owner. Sure, they're selling a promise to the original owner, but the stock really does change ownership.

Unionhawk

money is fake the stock market is an elaborate prank

And it's always going to be calvinballed

By these guys twitter.com/SusanofTexas/status/1354234762769166338

as they look down from their champagne balcony at their job that creates no value

Wipqozn

@Unionhawk Eat the rich, holy shit.

@TimStone Damn antifa! First they storm the capitol, now this.

WAit a minute...

Tim Stone

3:34 PM

> Incredible. The investigative team that uncovered Navalny’s “poison squad”, found 3 other similar cases where the murder attempts, unfortunately, proved more successful. One of the victims was a journalist. All three were political activists

And if I'm playing the odds here probably better people than Navalny too, but

> You love to see it: "President Joe Biden is assembling a national security team with an unusually ambitious agenda to negotiate new arms control treaties, scale back the nuclear arsenal, and review decades of military doctrine."

I'm not super optimistic about that last part but any step in the direction of nuclear disarmament would be good

Tim Stone

3:47 PM

> Facebook has quietly been building an antitrust lawsuit against Apple, a sign the feud between the two companies is only still heating up. Has also considered inviting other companies to participate in a suit

lmao

spider_man_in_lawyer_suit.jpg

Wipqozn

4:07 PM

I did my best. It wasn't very good.

Tim Stone

I'll allow it

Wipqozn

@TimStone Part way through I realized I shouldn't have covered their feet and shoes with black too, since that's not how suits work, but it was too late! I had to add my own shoes and hands in.

Tim Stone

Honestly it's Art™

Wipqozn

@TimStone I'm right up their with jesus restoration lady

BradC

4:45 PM

Interesting, but absolutely delusionally wrong:

Democrats Are Laying a Trap with Trump’s Impeachment Trial by Andrew McCarthy

> Democrats do not want to disqualify Trump. They want to keep him radioactive. They want to remind the country in lurid detail of the former president’s role in the lethal January 6 rioting — the demagogic speech, the failure to take action while the seat of government was under siege. And then they want to force a vote — conviction or acquittal — that will be framed as every GOP senator’s choice to stand with Trump or against him.

MBraedley

5:07 PM

@BradC That first bit is wrong, but yeah, the rest of it seems right. It's also a declaration to more moderate Trump voters of "This is the man you voted for. Feel the shame."

BradC

yeah, I think the last sentence is correct, but Dems absolutely want to disqualify Trump. I also strongly disagree with the idea (which is espoused more explicitly in other parts of the article) that Dems want to keep attention on Trump

Wipqozn

6:02 PM

Imagine if this GME stock situation happened while Trump was still in office

He'd probably have sent out the KGB by now or something

still expecting the dems to do something because obviously, but if the GOP were still in full control oh boy.

Nzall

6:58 PM

So apparently Robin Hood is now forcibly selling some of the shares bought through their platform. Nothing malicious though from what I understand: in the terms of service, they've stated they can force you to sell your shares if your trade was a margin options trade and you don't have the funds to cover the expiring buy/call of the stock.

Wipqozn

7:10 PM

Forcing people to make trades sends fairly malicious

Especially given the context of "We're owned by the people losing money"

Nzall

@Wipqozn twitter.com/Syaoran89/status/1354853201426706437

Also look at the tweet replies

It appears that if you want to sell stocks on RH, you actually need the current value of that stock in your RH account so RH doesn't lose money

or something like that

MBraedley

7:26 PM

Listening to irate New York hedge fund billionaire Leon Cooperman on CNBC right now lamenting people "sitting at home getting their checks from the government, trading their stocks. This fair share is a bullshit concept," he shouts. "It’s a way of attacking wealthy people."

Um, yes, I think that's the point.

Unionhawk

buddy be glad that this is the extent of the attack so far

Wipqozn

7:54 PM

@Unionhawk Seriously though

BradC

9:30 PM

AOC not pulling any punches.

She had a tweet regarding the weird stock shenanigans going on right now, to which Ted Cruz replied in agreement. Her response:

> I am happy to work with Republicans on this issue where there’s common ground, but you almost had me murdered 3 weeks ago so you can sit this one out.
> Happy to work w/ almost any other GOP that aren’t trying to get me killed.
> In the meantime if you want to help, you can resign.

BradC

10:39 PM

Sorry if this is slightly off topic, but I legit burst out laughing at this Onion article headline:

Biden Continues Reading ‘The Pet Goat’ To Schoolchildren After Being Informed Of GameStop Situation

> Sources at the scene of the atrocity in New York City confirmed that though Wall Street was in ruins, a large steel beam twisted into the shape of a dollar sign had been discovered, which surviving investors had fashioned into a makeshift shrine.

Wipqozn

11:06 PM

Prescription Drug Prices in the United States Are 2.56 Times Those in Other Countries - Prescription drug prices in the US are significantly higher than those seen in 32 other nations, according to a new report sponsored by the US Department of Health and Human Services. rand.org/news/press/2021/01/28.html

Also wtf America:

> I imagine one reason is that older people use a lot of medication, and the law that established Medicare Part D, which provides prescription drugs, forbids the government from negotiating the best possible prices for those drugs. The legislator who got this provision inserted into the law retired from Congress shortly thereafter and took a million-dollar-a year job as a lobbyist in the pharmaceutical industry.

> And that is how our government works ... or doesn't work, depending on your perspective.

reddit.com/r/science/comments/l6ufqx/…

Wtf is wrong with America

I mean the answer is capitalism, but jfc

Jolenealaska

11:21 PM

Who's got a good, concise, explain it like I'm 12, link to explain what the hell happened with GameStop? Including how short selling works?

NVM

Dumb me. I asked here before looking at the top page of Money.SE

Wipqozn

@Jolenealaska OKay so basically, one day, a bunch of rich people got together and realized "you know, we really need MORE ways to increase the wealth inequality in this country by making money out of literally nothing" and thus, stock shorting was born.

Wipqozn

11:40 PM

In a show of defiance, restaurant owners across Alberta open for business edmonton.ctvnews.ca/mobile/…

tchrist

11:51 PM

@Wipqozn TIL that Trump-country was an international concept.

Wipqozn

@tchrist Sadly, yes

Jolenealaska

From last night's Colbert.

tchrist

@Jolenealaska ♬ Those were the days / And you knew who you were then / girls were girls and men were men / Mister we could use a man like Herbert Hoover again ♬

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