The Biden administration (was: The NEW 2020 Election Thread)

[sandman]

Is Biden back from golfing yet?




/jarmo

Does he golf? Doubt he has the energy.

so much important shit going on right now:

- record number of executive orders (are libs cool with them now?)
- criminal manipulation of the stock market
   - any media investigating what role Yellen played?
   - wall street paid for Biden, is this the payback?
- only $1,400 checks after Biden promised $2,000.
   - i’m still not in favor of any free money being sent to upper middle class people, most of whom are in better financial shape today than they were a year ago.

[jarmo]

record number of executive orders (are libs cool with them now?)

To undo the shit the previous inhabitant did, sure. Welcome back to Planet Earth!


You forgot to list:

Person in Congress who liked the idea of killing Pelosi, thinks mass shootings were staged and thinks space lasers controlled by Jews set fire to CA..
People in Congress who supported the coup attempt.
Rudy Giuliani having to apologize for his attack on the Lincoln Project, or getting sued if he doesn't.

Just some of the things going on!




/jarmo

[PermissionToLand]

Nice try arguing that destruction in portland was not planned. Swing and a miss.

Blinded by your hate and partisanship. But keep posting silly pics. Adds nice color to the thread.

HAHAHAHAHAHAHA 

Okay, then prove it.

You can't. Because you're a blind partisan hack posting lies.

Clearly it got under your skin that I called out your straw-grasping...

[PermissionToLand]

Does he golf? Doubt he has the energy.

so much important shit going on right now:

- record number of executive orders (are libs cool with them now?)
- criminal manipulation of the stock market
   - any media investigating what role Yellen played?
   - wall street paid for Biden, is this the payback?
- only $1,400 checks after Biden promised $2,000.
   - i’m still not in favor of any free money being sent to upper middle class people, most of whom are in better financial shape today than they were a year ago.

Yes, the well-known high intensity athleticism of golf...  

"Record number"? I'm pretty sure Trump still holds the record by nearly matching the number from Obama's 8 years in just 4 of his own. Do you think Biden has already done more than 220 executive orders in just the past couple weeks? You are such a blind partisan hack it's clownish.

"What role Yellen played"? There is no evidence she played any role. I think she should probably recuse herself from any investigation going forward, but she also proved in her role at the Fed that she will make decisions that run contrary to the financial interests of big banks regardless of one-off speaking payments.

Exactly what do you think constitutes "criminal manipulation" here?

But hey, you have the privilege of complaining about being handed $1,400 only thanks to Biden winning, otherwise you'd have jack shit from Trump and McConnell, as you did for the last 9 months of his presidency. You're welcome, little crybaby.

[pilferk]

But hey, you have the privilege of complaining about being handed $1,400 only thanks to Biden winning, otherwise you'd have jack shit from Trump and McConnell, as you did for the last 9 months of his presidency. You're welcome, little crybaby.

I'm a little confused here.

He promised 2k.

Congress gave us $600.

He said that was a down payment, and we would get the rest after he took office.

Isn't that $1400?

2000 - 600 = 1400?

Yeah?

[jarmo]

He promised $2000! They want $2000!

 



/jarmo

[sandman]

He promised $2000! They want $2000!

 



/jarmo

early January, Biden said ""If you send John and the Reverend to Washington those $2,000 checks will go out the door restoring hope, and decency, and honor for so many people who are struggling right now. If you send [incumbent Republican] Senators [John] Purdue and [Kelly] Loeffler back to Washington, those checks will never get there."

After Biden's plan was announced, AOC then said "$2,000 means $2,000. $2,000 does not mean $1,400,”

"BidenLied" was trending on Twitter this weekend. and there were a number of progressives that were pushing it.

the payments are bullshit. i hope everyone shares that money, and any extra money you are able to save, with the people who are in far greater need for it due to the pandemic.

[jarmo]

Serious question, what do you think of the government handing out wellfare money?

Socialism isn't it?

Social security is for places like Sweden, and all those communist countries no one knows where in Germany they are located!





/jarmo

[sandman]

Does he golf? Doubt he has the energy.

so much important shit going on right now:

- record number of executive orders (are libs cool with them now?)
- criminal manipulation of the stock market
   - any media investigating what role Yellen played?
   - wall street paid for Biden, is this the payback?
- only $1,400 checks after Biden promised $2,000.
   - i’m still not in favor of any free money being sent to upper middle class people, most of whom are in better financial shape today than they were a year ago.

Yes, the well-known high intensity athleticism of golf...  

"Record number"? I'm pretty sure Trump still holds the record by nearly matching the number from Obama's 8 years in just 4 of his own. Do you think Biden has already done more than 220 executive orders in just the past couple weeks? You are such a blind partisan hack it's clownish.

"What role Yellen played"? There is no evidence she played any role. I think she should probably recuse herself from any investigation going forward, but she also proved in her role at the Fed that she will make decisions that run contrary to the financial interests of big banks regardless of one-off speaking payments.

Exactly what do you think constitutes "criminal manipulation" here?

But hey, you have the privilege of complaining about being handed $1,400 only thanks to Biden winning, otherwise you'd have jack shit from Trump and McConnell, as you did for the last 9 months of his presidency. You're welcome, little crybaby.

No one said anything about "high intensity athleticism", so not sure where that comment is coming from. A round of golf is 3-6 miles of walking on average, over the course of 3-6 hours. My money would be on Biden not being able to even swing a golf club at this point, let alone walk 5 miles.  

record number of executive orders in first few weeks of being in office.

you have a stock trading service that purposely shut down their customers. they interfered in our free and open markets, to help their billionaire friends running hedge funds. there is a class action lawsuit so hopefully it will be decided in the courts. Congress needs to follow-up on this as well. it cannot be allowed to happen.

[PermissionToLand]

No one said anything about "high intensity athleticism", so not sure where that comment is coming from. A round of golf is 3-6 miles of walking on average, over the course of 3-6 hours. My money would be on Biden not being able to even swing a golf club at this point, let alone walk 5 miles.

  Don't ever let them say conservatives have no sense of humor! Lighten up Francis.

Yes, walking 3-6 miles...

record number of executive orders in first few weeks of being in office.

Executive orders are outlined as a presidential power in the constitution for a reason. Nobody on the left was arguing to strip Trump of the power to make EOs, as far as I'm aware. We took issue with the CONTENT of his orders and how he sometimes abused that power to deliberately circumvent the legislature, which is not how it's supposed to work.

you have a stock trading service that purposely shut down their customers. they interfered in our free and open markets, to help their billionaire friends running hedge funds. there is a class action lawsuit so hopefully it will be decided in the courts. Congress needs to follow-up on this as well. it cannot be allowed to happen.

What an embarrassing ignorance of how the stock market (and the free market) works. One single small-time broker's app is not "the free and open markets", it's a private service being offered with terms and conditions you must agree to in order to use the service. There are plenty of other apps one can trade securities through. You're literally arguing AGAINST the free market by dictating to Robinhood that they MUST never restrict buying on their app service. Are they not free to conduct business how they see fit? Do you not believe that if customers dislike their conduct, they can take their business elsewhere? Aren't you the one constantly calling the left "radical socialists"?

The reason they restricted buying was because they didn't have the collateral to back up the massive volume of calls that were coming in. It's literally that simple.

And you've still not answered the question (because of course, you can't); what was illegal? Nothing. You're talking out your ass.

We all know the reason why the right is pretending to be populists on this; it's revealed by the Qanoners who are just mask-off conservatives; anti-semitism.

"Greene speculated that Rothschilds Inc., an investment firm tied to the Rothschild banking family, was somehow involved in starting the [California] fires."

https://www.huffpost.com/entry/marjorie-taylor-greene-anti-semitic-rhetoric_n_60184450c5b6aa4bad366b67

Marjorie Taylor Greene Blames Blizzard on Jewish Space Snow Machines

https://www.newyorker.com/humor/borowitz-report/marjorie-taylor-greene-blames-blizzard-on-jewish-space-snow-machines

"Embedded in QAnon ideology are multiple antisemitic tropes, including that of the blood libel, that the Rothschilds control the world, that Jews control Hollywood and the media, that Jews did 9/11, and so many more."

https://www.heyalma.com/marjorie-taylor-greenes-antisemitism-explained/

[PermissionToLand]

Claim of anti-conservative bias by social media firms is baseless, report finds

"Researcher J Grant Sims found that far from suppressing conservatives, social media platforms have amplified rightwing voices, often affording conservatives greater reach than liberal or nonpartisan content creators.”

https://www.theguardian.com/media/2021/feb/01/facebook-youtube-twitter-anti-conservative-claims-baseless-report-finds

[sandman]

No one said anything about "high intensity athleticism", so not sure where that comment is coming from. A round of golf is 3-6 miles of walking on average, over the course of 3-6 hours. My money would be on Biden not being able to even swing a golf club at this point, let alone walk 5 miles.

  Don't ever let them say conservatives have no sense of humor! Lighten up Francis.

Yes, walking 3-6 miles...

record number of executive orders in first few weeks of being in office.

Executive orders are outlined as a presidential power in the constitution for a reason. Nobody on the left was arguing to strip Trump of the power to make EOs, as far as I'm aware. We took issue with the CONTENT of his orders and how he sometimes abused that power to deliberately circumvent the legislature, which is not how it's supposed to work.

you have a stock trading service that purposely shut down their customers. they interfered in our free and open markets, to help their billionaire friends running hedge funds. there is a class action lawsuit so hopefully it will be decided in the courts. Congress needs to follow-up on this as well. it cannot be allowed to happen.

What an embarrassing ignorance of how the stock market (and the free market) works. One single small-time broker's app is not "the free and open markets", it's a private service being offered with terms and conditions you must agree to in order to use the service. There are plenty of other apps one can trade securities through. You're literally arguing AGAINST the free market by dictating to Robinhood that they MUST never restrict buying on their app service. Are they not free to conduct business how they see fit? Do you not believe that if customers dislike their conduct, they can take their business elsewhere? Aren't you the one constantly calling the left "radical socialists"?

The reason they restricted buying was because they didn't have the collateral to back up the massive volume of calls that were coming in. It's literally that simple.

And you've still not answered the question (because of course, you can't); what was illegal? Nothing. You're talking out your ass.

We all know the reason why the right is pretending to be populists on this; it's revealed by the Qanoners who are just mask-off conservatives; anti-semitism.

"Greene speculated that Rothschilds Inc., an investment firm tied to the Rothschild banking family, was somehow involved in starting the [California] fires."

https://www.huffpost.com/entry/marjorie-taylor-greene-anti-semitic-rhetoric_n_60184450c5b6aa4bad366b67

Marjorie Taylor Greene Blames Blizzard on Jewish Space Snow Machines

https://www.newyorker.com/humor/borowitz-report/marjorie-taylor-greene-blames-blizzard-on-jewish-space-snow-machines

"Embedded in QAnon ideology are multiple antisemitic tropes, including that of the blood libel, that the Rothschilds control the world, that Jews control Hollywood and the media, that Jews did 9/11, and so many more."

https://www.heyalma.com/marjorie-taylor-greenes-antisemitism-explained/

Investors could just use another app???

You do not understand investing. You should avoid discussing because you expose yourself. Get some experience with investing, form your own opinions, and stop regurgitating silly comments you read on twitter from others who are clueless. When it comes to investing, you need to dial down the political rhetoric and avoid viewing everything through a political (and polarizing) lens. The market doesn’t care about your political views. I know thats difficult for someone like you.

I’ll try to dumb it down for you:

What happened when RH limited investors from buying GME?

The answer is obvious to most people, but even if its not, you could look it up. There are cool charts with pretty colors that will give you the answer.

Once you figure that out, the next question is:

What did the billionaires running the hedge funds do once RH halted the buying of GME?

And for extra credit:

Why did the hedge funds react that way?

I’m sure there’s a wiki page or investing for dummies site that you could copy and paste from for this one.

Once you answer these questions, you will realize how stupid your comments were. Good luck! You learn something new every day - glad i could assist you with that.

[jarmo]

Q: What do Proud Boys, Hamas, Islamic State and Al-Qaida have in common?

A: They're all considered terrorist groups in Canada.




/jarmo

[PermissionToLand]

Investors could just use another app???

You do not understand investing. You should avoid discussing because you expose yourself. Get some experience with investing, form your own opinions, and stop regurgitating silly comments you read on twitter from others who are clueless. When it comes to investing, you need to dial down the political rhetoric and avoid viewing everything through a political (and polarizing) lens. The market doesn’t care about your political views. I know thats difficult for someone like you.

I’ll try to dumb it down for you:

What happened when RH limited investors from buying GME?

The answer is obvious to most people, but even if its not, you could look it up. There are cool charts with pretty colors that will give you the answer.

Once you figure that out, the next question is:

What did the billionaires running the hedge funds do once RH halted the buying of GME?

And for extra credit:

Why did the hedge funds react that way?

I’m sure there’s a wiki page or investing for dummies site that you could copy and paste from for this one.

Once you answer these questions, you will realize how stupid your comments were. Good luck! You learn something new every day - glad i could assist you with that.

Aww, he's embarrassed, guys!  

The projection here is astounding. You are so shameless in it. You have no response but derision because you got BTFO. The guy claiming there was illegality here is accusing ME of "regurgitating silly comments you read on twitter". No investing experts are out there claiming illegality. Only political talking heads and morons on Twitter like you. The law doesn’t care about your political views. I know that's difficult for someone like you. You do not understand investing. You should avoid discussing because you expose yourself. Get some experience with investing and form your own opinions.

For the fourth time now, I'm forced to repeat because you refuse to answer (because you know you were flat-out wrong):

WHAT WAS ILLEGAL?

If you think I'm going to answer your vague leading questions when you have repeatedly ignored mine, you're a double talking jive motherfucker.

[PermissionToLand]

Q: What do Proud Boys, Hamas, Islamic State and Al-Qaida have in common?

A: They're all considered terrorist groups in Canada.




/jarmo

Far Right extremists and white supremacists have been identified by the FBI as the leading terror threat for years now.

Everyone knows it, and only Republicans remain in denial of this objective fact because it would hurt them politically to even acknowledge reality. Sound familiar?

[PermissionToLand]

Georgia Investigating Pro-Trump Attorney Lin Wood For Possible Illegal Voting

Surprising nobody, the GOP are revealed to be frauds and projecting hypocrites yet again.

https://www.yahoo.com/huffpost/lin-wood-voting-investigation-2020-election-151119423.html

[sandman]

Investors could just use another app???

You do not understand investing. You should avoid discussing because you expose yourself. Get some experience with investing, form your own opinions, and stop regurgitating silly comments you read on twitter from others who are clueless. When it comes to investing, you need to dial down the political rhetoric and avoid viewing everything through a political (and polarizing) lens. The market doesn’t care about your political views. I know thats difficult for someone like you.

I’ll try to dumb it down for you:

What happened when RH limited investors from buying GME?

The answer is obvious to most people, but even if its not, you could look it up. There are cool charts with pretty colors that will give you the answer.

Once you figure that out, the next question is:

What did the billionaires running the hedge funds do once RH halted the buying of GME?

And for extra credit:

Why did the hedge funds react that way?

I’m sure there’s a wiki page or investing for dummies site that you could copy and paste from for this one.

Once you answer these questions, you will realize how stupid your comments were. Good luck! You learn something new every day - glad i could assist you with that.

Aww, he's embarrassed, guys!  

The projection here is astounding. You are so shameless in it. You have no response but derision because you got BTFO. The guy claiming there was illegality here is accusing ME of "regurgitating silly comments you read on twitter". No investing experts are out there claiming illegality. Only political talking heads and morons on Twitter like you. The law doesn’t care about your political views. I know that's difficult for someone like you. You do not understand investing. You should avoid discussing because you expose yourself. Get some experience with investing and form your own opinions.

For the fourth time now, I'm forced to repeat because you refuse to answer (because you know you were flat-out wrong):

WHAT WAS ILLEGAL?

If you think I'm going to answer your vague leading questions when you have repeatedly ignored mine, you're a double talking jive motherfucker.

market manipulation is illegal under the Securities and Exchange Act. I know you are not familiar with it, but look it up. From the SEC:

What is market manipulation?
• Intentional or willful conduct designed to deceive or defraud investors by controlling or artificially affecting the price of securities, or
• Intentional interference with the free forces of supply and demand

we can argue all day about RH's defense, but in the end the court will decide.

i know you CAN'T answer investing questions, cause you don't have the knowledge or experience. but that's ok. I made my points, and you are more knowledgeable because of them.

now move on to something you are angry about. something you are more capable of discussing.

[pilferk]

WHAT WAS ILLEGAL?

The courts will decide, but.....it doesn't look like anything.

1) RH have a right to suspend trading to cover their margins and shorts. The were short on capital coverage.  The SEC tells them that's exactly what they should do.

2) Their TOS actually specifically tells their users they may suspend certain securities FOR ANY REASON, AT ITS DISCRETION.  The SEC actually outlines these same sort of practices as being acceptable.

3) People suing are basically suing RH for being undercapitalized, and not being clairvoyant enough to determine this type of retail trading spike was going to suddenly happen.  They didn't predict they would have the kind of capital needs that they did and it took them 3 days to raise the additional capital they needed (which I think shows they have a lack of big funding options and commitment options).  Argue that's poor business all you want...but being bad at business (if you think they were) isn't illegal.

Retail investors tried the short squeeze, chose a platform, en masse, that couldn't support the capital requirements for it, and got left in the lurch.

It sucks. 100%.  And maybe there is some improvements of transparency for trade outlets revolving around capitalization and available resources that could help prevent it in the future.

But I just don't see any illegality.  I see conspiracy theories about RH working with hedge funds, to kill the squeeze, but I don't see any actual evidence of it other than accusations. Citadel denies it, and has offered to turn over communications with RH and it's founder to prove it.  And RH explained why they placed the limits, and apparently have the books to prove it.  If that's the case, thats the only defense they need to shit on any other accusations.

I'm a huge supporter of what the retail investors just did to the hedge funds, FYI.  I would have loved to see it continue and for RH (because of the irony) to have been the platform to support it.  It sucks that didn't happen.

[jarmo]

I guess once again people think that by using a service, it's their right to use it for whatever they want. Not at the discretion of the service provider.

Doesn't matter if it's a social media platform, investing app or what. You agreed to the terms when you signed up.






/jarmo

[sandman]

I guess once again people think that by using a service, it's their right to use it for whatever they want. Not at the discretion of the service provider.

Doesn't matter if it's a social media platform, investing app or what. You agreed to the terms when you signed up.






/jarmo

Yes, but those terms of agreement are frequently interpreted in different ways by the courts.

Also, ever hear of contra proferentem? if not, look it up.

here is the "Restrictions on Trading" section from my personally signed agreement with RH (bolded text added by me and I will comment on each below):   

"I understand that Robinhood may, in its discretion, prohibit or restrict the trading of securities, or the substitution of securities, in any of My Accounts. I understand that Robinhood may execute all orders by Me on any exchange or market, unless I specifically instruct Robinhood to the contrary. In the event of a breach or default by Me under this Agreement, Robinhood shall have all rights and remedies available to a secured creditor under all applicable laws and in addition to the rights and remedies provided herein. I understand that Robinhood may at any time, at its sole discretion and without prior notice to Me: (i) prohibit or restrict My access to the use of the App or the Website or related services and My ability to trade, (ii) refuse to accept any of My transactions, (iii) refuse to execute any of My transactions, or (iv) terminate My Account. The closing of My Account will not affect the rights or obligations of either party incurred prior to the date My Account is closed."

here is an excerpt from the "Purchases" section:

"I understand Robinhood may at any time, in its sole discretion and without prior notice to Me, prohibit or restrict My ability to trade securities."
 
The first sentence that is bolded above, and the sentence from the "Purchases" section are similar. And neither of them apply to this matter. These statements are referencing the suspension of trading within an individual's account. These statement are NOT referencing suspending the ability to purchase a SPECIFIC SECURITY (by all users). These two statement are specific to an individual's account.

The second and third items that are bolded above, are what some people are pointing to, but I do not believe these apply either. They are referring to specific transactions made by an individual. But they blocked the ability to make a transaction. They were not refusing specific transactions; rather, they shut the whole thing down so transactions were not able to be made.

So there is nothing in the TOS about "certain securities" as some on social media are claiming.

it smells of market manipulation. we'd have to believe that at a time when some of the most powerful people on Wall Street were losing BILLIONS in their hedge fund, that it was just a COMPLETE COINCIDENCE that RH shut down trading of certain stocks to the enormous benefit of said hedge fund. 

the courts will decide.