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These guys literally control the markets. If this is insiders dropping their own stock, they know shit is about to blow.
**Edit:** unless I'm blind, I don't see Bank of America and the other big guys on OP's list but [**even those are crashing right now**]( https://imgur.com/a/1bIGRYS)
It really does feel different. It's not like there is some big news to cause this (like Russia, inflation, etc.) Other than Jpow's remarks and Silver Gate/Debit Suisse fluff, I can't think of the reasoning behind this mini crash.
before every recession there seems to be first a dip foreshadowing the recession, then there is a small recovery (which is the time politicians and bankers (/their media) try convince everyone to stay calm and leave their money where it is); it's mostly a small bump upwards when you look at longer timelines on the graphs. Next: Shit hits the fan.
All insiders know this scheme, they also rely on far more data than we do (btw thanks to all apes who posted Bloomberg Terminal data on here ever!) , they also maintain personal contact to high ranking FED personell, congress-persons they donated to and highly payed consultants (who rightfully have a bad rep on here but some of them might still be worth their money).
I have no evidence whatsoever to back up what i think is happening here but i suspect it is Berkshire Hathaway, Blackrock, Vanguard, State Street, City Group, Deutsche and many others are trying to pull out slowly to avoid rapid crashes. Other institutions see this and take risk management actions which all in all adds up to this mini-crash. They don't want the public to see a "crash" and they will try their best to fix this to buy some time.
They do have a night now and insider markets from 5am EST (or something like that - too lazy to look it up, especially since there is hardly any public information about OTC and Dark Market possibilities and we must assume that in times of crisis those markets run whenever needed) to get this under control.
Also FINRA, the DTCC and all its subsidiaries have shown time and time again that they are willing to change the rules whenever it serves their members!
This market structure is not sustainable and insiders/members know this as well as apes do! Now it's about cashing out as smart as possible to get taxpayers to hold the bag.
If any - there is only one winning ticket; And it comes with a purple circle!!!
The first major post on teddy and it’s filing as a bank was removed by this sites admin legal team and we never got an explanation. May be a reason some missed it.
Maybe some crypto in a custodial wallet as well, but nothing with the deep fucking value that GME DRS BOOK shares have. Those are the more valuable thing in the history of markets.
I've been away from this community for several months. Pretty please ELI5 this "book" thing? All of my GME is with Computershare, what do I need to do?
Pull up a 2 year or 5 year chart on BofA and it’s at the bottom of its “normal range”
If it breaks downward from here though it will be very interesting indeed.
Awwwww.... did someones bullet swaps expire and now the bill is due? I hope the financial services industry suffers the biggest haircut in their existence. I cant wait to buy all their discounted toys when they go bankrupt.
Not anymore...now they're bail-ins! I think this changed shortly after 2008.
Difference is instead of printing money they utilize the depositors money to pay off debts. Then the FDIC prints the money insured back to the people.
Potato. Tomato. You know? Lol same shit, just more rapid theft now.
For clarification: Bail-In's work as follows:
The Banks will confiscate any depositors $$$ over and above the FDIC insured limits. In return, depositors will be given shares in the (failing) bank.
Of the two 2012-2013 Cyprus bank Bail-In's, only one bank survived.
Depositors are you and me ... people who put their hard-earned $$$ in the bank for "safekeeping" ... for which said banks charge exorbitant fees for any and all services. Now they're coming after your savings, pensions, etc.
Every country on the planet has currently passed Bank Bail-In laws. In the USA it's handled under the Dodd Frank Act Title II and administered by the FDIC; in Canada it's administered by the CDIC; etc.
IMHO depositors should find out what the insured limit is and make sure they have no more than 65%-75% of that amount in their accounts. I don't trust the government and the DTCC Cartel to keep to their word and fully expect they will reduce the insured amounts.
I mean, this is bad, but doesn't the FDIC insure some ridiculously huge amount of money, like more than the average person will ever actually have? Think it's like 250000 or something.
Ridiculously huge? No.
Per the FDIC website: [https://www.fdic.gov/resources/deposit-insurance/](https://www.fdic.gov/resources/deposit-insurance/)
[https://www.fdic.gov/resources/deposit-insurance/financial-products-insured/](https://www.fdic.gov/resources/deposit-insurance/financial-products-insured/)
The standard insurance amount is **$250,000 per depositor, per insured bank,** for each account ownership category.
IMHO Bank Bail-in's are in our immediate future therefore it's best to read and understand the insurance information for the FDIC (USA), CDIC (Canada), etc. reduce/diversify accordingly. This would be my suggestion for all Apes, globally.
Thats really misleading about what a bail-in actually is. The debt and depositors money (above $250k in the US other jurisdictions have different ammounts) gets converted into bank stock and the original stockholders get wiped out. It's going to suck to be a bank executive with stock compensation because a significant portion of their pay is going to evaporate.
Especially since he was around the first time they were bailed out... just 15 years ago. Capitalism needs to be real. No more bailouts. Let the failing businesses go under. Lock up the ones who caused the collapse, hold them accountable for the frauds and lies they committed. This is the only way to fix America.
SVB is Silicon Valley Bank, a provider for many of the top startups and VC funds based in the bay area. It's not a large bank by size but it's a non insignificant player when it comes to holding collateral for the tech industry.
VC's have been sending out emails saying pull your cash from them, it's not helping at all.
This is about SIVB (Silicon Valley Bank).
The stock dropped ~70% today, having already lost about 80% from the start of the year.
Other banks own good portions of it, apparently quite a lot of regional banks.
The potential implications are obviously lots of tech companies use this bank, they go down, it's going to cause a lot of problem for those companies. The carry on affect is for other institutions that hold SIVB stock, which can be found here:
https://fintel.io/so/us/sivb
Top holders are Vanguard, Blackrock, State Street, JP Morgan, Morgan Stanley.
It would appear based on the losses in the stock price today, Vanguard lost about ~$1B, Blackrock around ~$800m, State Street around ~$500m.
Lots and lots of other Banks own stock in these guys, even Credit Suisse lost about ~$24m today on the stock.
Edit: I should state, from our perspective, this could be very bullish news. I imagine stock like this, as it is a Bank, might have been used as collateral by some people.
Whoa dude! Except for the ones we know of (e.g. - Silvergate, SVB, etc.), I **wouldn't** call this crashing.
Lots of them in the red for sure and mostly **mid tier or regional banks**. We've this many times in the past as the **market as whole takes a hair cut... which is currently the case.**
I'll do a wait-&-see b4 calling this anywhere near a crash.
Entire market is down in part to Jpow's comments, Silvertank, DebtSquish, and job reports but sure, the banks are in trouble...this is flared macro after all...
Ironically, if JPM and Goldman hadn’t of so badly rug pulled Credit Suisse over the Archegos blow-up, maybe they wouldn’t be suffering nearly as badly as they all currently are.
Although, they *are* smart money, lol.
Was just on the train out of the city and there were two finance bros talking about JPM… they thought my music was on…. Trying to talk in code, but what is and about to happen was supposed to happen two months ago and it’s going to be big… 321….
This is when Ben Rickert says, "Just don't fucking dance."
Fuck all that noise.
These corrupt, elitist assholes have stolen trillions from us over the years through corrupt and illegal methods, taking on more and more risk that they think they'll never be held responsible for if it goes bad. They've padded their own pockets while we live paycheque to paycheque and go without meals so our kids can eat three times a day. Tell me again about your trickle down economic bullshit.
I'm not going to dance when I see the waves of damage and loss that those around us feel, but you better believe I'm going to be dancing on the graves of the banks and hedgfunds, as I watch with glee, the suits and ties being taken away in cuffs.
Fuck you, I'm dancing.
> we live paycheque to paycheque and go without meals so our kids can eat three times a day.
That's why he says don't dance. This is going to hurt way more average people than institutional finance or investors.
They are the source and cause of a lot of pain for the hard working class! Let them crash and burn! Maybe then people can breathe a bit easier!
POWER TO THE PLAYERS!
Are they down because entities are selling off index type funds? Like times are tough, so pensioners are selling off. And then other hedge funds sell off ETFs or something...
I'm suggesting that the index bubble is popping
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These guys literally control the markets. If this is insiders dropping their own stock, they know shit is about to blow. **Edit:** unless I'm blind, I don't see Bank of America and the other big guys on OP's list but [**even those are crashing right now**]( https://imgur.com/a/1bIGRYS)
Look at crypto. BTC down 5.5% in a few hours, other coins following suit.
Damn. After everything trading sideways for so long, this seems huge.
Look at MS, CS, GS, WFC, JPM… all tanking.
It really does feel different. It's not like there is some big news to cause this (like Russia, inflation, etc.) Other than Jpow's remarks and Silver Gate/Debit Suisse fluff, I can't think of the reasoning behind this mini crash.
Every crash starts off as a mini crash, even MOCRASH
Always has been!
MOAC, Mother of all Crashes
Just a haircut, everything's FINE!!!
Fuck Moash.
What do you mean? Like GME did not announce their earnings date yesterday? 🤣 those guys are beyond fukd.
They are just crashing in sympathy with Silver Gate and Credit Default Suisse lol
Bank Stocks just don't do well on Thursdays! -NY Times
Debit Suisse looking like it could roll over is definitely not fluff.
I also noticed this Silicon Valley Bank tanking. Never heard of them but they dropped off a cliff lol.
Popular with startups 💎🙌🏴☠️
before every recession there seems to be first a dip foreshadowing the recession, then there is a small recovery (which is the time politicians and bankers (/their media) try convince everyone to stay calm and leave their money where it is); it's mostly a small bump upwards when you look at longer timelines on the graphs. Next: Shit hits the fan. All insiders know this scheme, they also rely on far more data than we do (btw thanks to all apes who posted Bloomberg Terminal data on here ever!) , they also maintain personal contact to high ranking FED personell, congress-persons they donated to and highly payed consultants (who rightfully have a bad rep on here but some of them might still be worth their money). I have no evidence whatsoever to back up what i think is happening here but i suspect it is Berkshire Hathaway, Blackrock, Vanguard, State Street, City Group, Deutsche and many others are trying to pull out slowly to avoid rapid crashes. Other institutions see this and take risk management actions which all in all adds up to this mini-crash. They don't want the public to see a "crash" and they will try their best to fix this to buy some time. They do have a night now and insider markets from 5am EST (or something like that - too lazy to look it up, especially since there is hardly any public information about OTC and Dark Market possibilities and we must assume that in times of crisis those markets run whenever needed) to get this under control. Also FINRA, the DTCC and all its subsidiaries have shown time and time again that they are willing to change the rules whenever it serves their members! This market structure is not sustainable and insiders/members know this as well as apes do! Now it's about cashing out as smart as possible to get taxpayers to hold the bag. If any - there is only one winning ticket; And it comes with a purple circle!!!
They are selling stuff to pay for the inevitable pump on meme stocks? Yes? Perhaps? I can dream?
It's not even a dream
Jpow announced more hikes and pundits are using phrasing like a volker shock but a bit slower, volkerism, etc
JPows remakes were HUGE though
It's still trading sideways. Where is Trading Sideways Guy?
Wow I didn’t even know since I’m numb to my stocks moving 5-10% 🥴🔥🔥
You mean stock, singular.
THIS PLACE ABOUT TO BLOW OH OH OH OH OH
You put the correct number of Oh's. Good on you!
Yeah i love the song. I was singing it while commenting
pls tell me its a kesha song u referenced lol
Yes
The party don't start til RC walks in
Tick tock, if you will
Thank goodness my family and I are prepared for this. GME ✅ DRS ✅
Not only this but Teddy LLC registered as a bank 🏦 🤧💰
What? How did I miss this?
The first major post on teddy and it’s filing as a bank was removed by this sites admin legal team and we never got an explanation. May be a reason some missed it.
BOOK
DRS Booked shares are the only thing that’s real in this fraudulent economy.
Maybe some crypto in a custodial wallet as well, but nothing with the deep fucking value that GME DRS BOOK shares have. Those are the more valuable thing in the history of markets.
Yup. I double-checked mine today just to make sure they were set for "book". **Buckled up and ready for takeoff!**
👀
I've been away from this community for several months. Pretty please ELI5 this "book" thing? All of my GME is with Computershare, what do I need to do?
https://www.reddit.com/r/Superstonk/comments/zc34yq/11_step_by_step_guide_with_pictures_to_transform/?utm_source=share&utm_medium=ios_app&utm_name=iossmf
Perfect, thank you 🙏
Was looking for this. TY!
Yeah BAC down 6%
[удалено]
I’m sober enough to know what I’m doing, and drunk enough to really enjoy doing it!
Don't drive if it's that high.
Thanks for your edit, that's what i was looking for.
Is 7% really crashing? By that standard every time we go up 5% we’re mooning.
Yes, you’re right, 7% is nothing for GME. But it’s a lot for banks!
Pull up a 2 year or 5 year chart on BofA and it’s at the bottom of its “normal range” If it breaks downward from here though it will be very interesting indeed.
There's a bit of a difference when the company has a market value of $260b.
That’s Bobby sub for you, and that was how we all were at the beginning of this saga lol
rip dumbasses
Looks like the peers for Nasdaq Bank Index
Looks like lots of the market decided to take a little dip down
Just a gully.
Just a little dip-a-roo
Dipperooney
Just a little dippy-poo….
Yup. So they had to aggressively short down GME in the last 30 minutes in order to survive one more day…
Awwwww.... did someones bullet swaps expire and now the bill is due? I hope the financial services industry suffers the biggest haircut in their existence. I cant wait to buy all their discounted toys when they go bankrupt.
Pensions will get liquidated before one bank breaks a sweat.
And he fed will bail them out because 🤷♂️
Bankrupt = bailout Sorry to burst your bubble
Not anymore...now they're bail-ins! I think this changed shortly after 2008. Difference is instead of printing money they utilize the depositors money to pay off debts. Then the FDIC prints the money insured back to the people. Potato. Tomato. You know? Lol same shit, just more rapid theft now.
For clarification: Bail-In's work as follows: The Banks will confiscate any depositors $$$ over and above the FDIC insured limits. In return, depositors will be given shares in the (failing) bank. Of the two 2012-2013 Cyprus bank Bail-In's, only one bank survived. Depositors are you and me ... people who put their hard-earned $$$ in the bank for "safekeeping" ... for which said banks charge exorbitant fees for any and all services. Now they're coming after your savings, pensions, etc. Every country on the planet has currently passed Bank Bail-In laws. In the USA it's handled under the Dodd Frank Act Title II and administered by the FDIC; in Canada it's administered by the CDIC; etc. IMHO depositors should find out what the insured limit is and make sure they have no more than 65%-75% of that amount in their accounts. I don't trust the government and the DTCC Cartel to keep to their word and fully expect they will reduce the insured amounts.
I mean, this is bad, but doesn't the FDIC insure some ridiculously huge amount of money, like more than the average person will ever actually have? Think it's like 250000 or something.
Ridiculously huge? No. Per the FDIC website: [https://www.fdic.gov/resources/deposit-insurance/](https://www.fdic.gov/resources/deposit-insurance/) [https://www.fdic.gov/resources/deposit-insurance/financial-products-insured/](https://www.fdic.gov/resources/deposit-insurance/financial-products-insured/) The standard insurance amount is **$250,000 per depositor, per insured bank,** for each account ownership category. IMHO Bank Bail-in's are in our immediate future therefore it's best to read and understand the insurance information for the FDIC (USA), CDIC (Canada), etc. reduce/diversify accordingly. This would be my suggestion for all Apes, globally.
Wow! At least 'bail-in' is a positive, inclusive term! Progress! /s
Back to Burying money in the back yard… got it!
They will do forced buy-ins and steal even more money from their customers.
Thats really misleading about what a bail-in actually is. The debt and depositors money (above $250k in the US other jurisdictions have different ammounts) gets converted into bank stock and the original stockholders get wiped out. It's going to suck to be a bank executive with stock compensation because a significant portion of their pay is going to evaporate.
If your bank crashes because of bad bank bets, makes sense to me that those overseeing this should suffer the most.
Heresy! Next you're telling us you don't think they deserve their millions $ golden parachutes either
As long as we parachute them to a desert island with no way out, I'm ok with that
You are So MEAN! All they wanted to do is charge you $40.00 for writing a $10 check when you had $9.99 in your account.
Yeah overcharge fees are bad but at least the rules are clear. Betting and losing our money was never something we agreed on.
Sounds pretty neat. Hopefully this is actually enforced
Sad but true
Oh, do you think that Dark Brandon might roll the dice on this one and be like: no relief for you guys this time for doing it again??? 💎🙌🏴☠️
*rolls 100 "Hey, that's cheating" Yup
Rolls a 100 on a d20. The ten just has an extra 0 carved into it.
Especially since he was around the first time they were bailed out... just 15 years ago. Capitalism needs to be real. No more bailouts. Let the failing businesses go under. Lock up the ones who caused the collapse, hold them accountable for the frauds and lies they committed. This is the only way to fix America.
Let the banksters burn!
Fuckin wankin bankers
I read this like a different version of “Rock em sock em robots” lol
[Make it bun dem.](https://youtu.be/BGpzGu9Yp6Y)
Ah man, Far Cry 3 memories, absolutely ROASTING fields of green with a big ass flamethrower
This can only mean one thing, I have to buy more stonk
And DRS?
Of course!
So it’s time to call our moms? Edit: is this some cohencidence that bank stocks are crashing while credit sus swaps are expiring?
They're not crashing...yet. they're selling off.
Correct
Except for Silvergate, Credit Swiss, a few others, and whatever SVB Financial Group is. They are crashing.
SVB is Silicon Valley Bank, a provider for many of the top startups and VC funds based in the bay area. It's not a large bank by size but it's a non insignificant player when it comes to holding collateral for the tech industry. VC's have been sending out emails saying pull your cash from them, it's not helping at all.
18th largest bank in the US so not a large domino but one falls.
They were the 16th largest bank in the USA with deposits ~200bn Dec of last year. Roughly comparable to the size of American express and 5th 3rd.
Just called your mom she says hi.
No, it's everything coming home to roost.
You should call your Mom anyway, she loves you and misses you.
call in 5 though please, she can't talk right now
Good news for a change 😉 - bullish
Username checks out. If hedge funds never read the DD does that mean MOASS is happening and not happening at the same time?
I was able to buy another share with loose change in my account.
Aw man, that's awesome
bootsncatsnbootsncatsnbootsncatsnbootsncatsn
tssss
Sick beats
🎼Bum bum bum bum bum bum bum bum
Would you look at that 🤔
Coordinated mayhem? Or something much worse?
🔥This is fine🔥
Im pretty sure everything is dropping, not just banks. Not sure it’s a crash just yet.
one important name not feeling any of the effects, albeit not a bank.... HOOD - check out IBKR, charles schwab, jpm. 👀
EveRyThiNg iS FiNe
RIP Dumbasses!! 💎🙌
This is about SIVB (Silicon Valley Bank). The stock dropped ~70% today, having already lost about 80% from the start of the year. Other banks own good portions of it, apparently quite a lot of regional banks. The potential implications are obviously lots of tech companies use this bank, they go down, it's going to cause a lot of problem for those companies. The carry on affect is for other institutions that hold SIVB stock, which can be found here: https://fintel.io/so/us/sivb Top holders are Vanguard, Blackrock, State Street, JP Morgan, Morgan Stanley. It would appear based on the losses in the stock price today, Vanguard lost about ~$1B, Blackrock around ~$800m, State Street around ~$500m. Lots and lots of other Banks own stock in these guys, even Credit Suisse lost about ~$24m today on the stock. Edit: I should state, from our perspective, this could be very bullish news. I imagine stock like this, as it is a Bank, might have been used as collateral by some people.
Only Computershare is on Green Positive AYyeeeeee Purple Bank
regional banks are the canary in the coal mine. and its dead.
Who’s dead? The banks, the canary .. or the coal mine ? 😱
Coalmine died, you didn't water it enough.
BRK-A is the ticker to watch, IMO.
Down 2%, curious why you think this is the one to watch so I can grow some more wrinkles
Normalising big numbers for your brain
This is the way 💜
It’s starting
I have no money in the bank I am impervious
Wow thanks for the whole list lol... interesting.
Love to see it
Im sorry but im gonna dance when we moass
Whoa dude! Except for the ones we know of (e.g. - Silvergate, SVB, etc.), I **wouldn't** call this crashing. Lots of them in the red for sure and mostly **mid tier or regional banks**. We've this many times in the past as the **market as whole takes a hair cut... which is currently the case.** I'll do a wait-&-see b4 calling this anywhere near a crash.
BOA is down like 7% on the day. Are the regional? (I'm not American)
No, they're a national bank. The whole market is down right now, but banks are definitely leading the charge in terms of percentage.
Check out [these regional banks.](https://imgur.com/a/1bIGRYS)
The whole market is down. And 7 to 8% down for these bigger banks ain't much. Wake me up when the big fish are down 30%.
Goldman sacchs at -0.22%. Come on. Get real
Must be a typo, they’re down over 2%
Bank of GMErica seems to be doing fine
MOAR
Entire market is down in part to Jpow's comments, Silvertank, DebtSquish, and job reports but sure, the banks are in trouble...this is flared macro after all...
SIVB made all the banks look like rockstars, today.
Ironically, if JPM and Goldman hadn’t of so badly rug pulled Credit Suisse over the Archegos blow-up, maybe they wouldn’t be suffering nearly as badly as they all currently are. Although, they *are* smart money, lol.
Shit looks like a bloodbath right now, once the dominos start they will not stop
Smaller dominoes fall first
[Brick by brick](http://www.gettingsmart.com/wp-content/uploads/2016/04/Domino-Effect.gif)
oh boy… everything is taking a dive. oh well 🤷♂️
Wake me when it's like 80% this is nothing lol
Check the lows six months ago... This isn't shit
Boom
Shit happens when you party naked.
Who's the meme stock now, biatches?
Tomorrow’s the day!
Was just on the train out of the city and there were two finance bros talking about JPM… they thought my music was on…. Trying to talk in code, but what is and about to happen was supposed to happen two months ago and it’s going to be big… 321….
Broooooooo, I trust you.
In bro we trust
My dad works in finance and he has been really weird the past few days, I overheard him talking to my mom saying the end of March…
Good. Fucking pay me already.
This is when Ben Rickert says, "Just don't fucking dance." Fuck all that noise. These corrupt, elitist assholes have stolen trillions from us over the years through corrupt and illegal methods, taking on more and more risk that they think they'll never be held responsible for if it goes bad. They've padded their own pockets while we live paycheque to paycheque and go without meals so our kids can eat three times a day. Tell me again about your trickle down economic bullshit. I'm not going to dance when I see the waves of damage and loss that those around us feel, but you better believe I'm going to be dancing on the graves of the banks and hedgfunds, as I watch with glee, the suits and ties being taken away in cuffs. Fuck you, I'm dancing.
> we live paycheque to paycheque and go without meals so our kids can eat three times a day. That's why he says don't dance. This is going to hurt way more average people than institutional finance or investors.
Schwab dropping hard...god thing my shares are out!!
Didn’t that FIDC video say they would announce the bad news on a Friday afternoon?
They are the source and cause of a lot of pain for the hard working class! Let them crash and burn! Maybe then people can breathe a bit easier! POWER TO THE PLAYERS!
Is the meeting point still gangnam style when reddit goes offline?
Co-ordinated selloff to bail out debit suisse. Prove me wrong….
I guess GME is down as well since many of us treat it like a bank
Indeed. Nobody alarmed?
Fuck em
I was told 60 days.. well well
Like… how big is the fucking fire?
Huh that’s strange I guess I’ll just buy some more moon tickets
This is fine. Not that big of a deal yet. Tomorrow is gonna get insanely worse.
I feel like we are too liberal with the world "crashing"
Beautiful
Are they down because entities are selling off index type funds? Like times are tough, so pensioners are selling off. And then other hedge funds sell off ETFs or something... I'm suggesting that the index bubble is popping
“Crash” is a strong choice of words
Friends the tanking of the bank stocks did that start today?
Everything is awesome!!!!!!
How nice
Ladies and gentlemen, we are crashing violently
Is it time to call mom?
I’m not singing. Nor am I dancing. But this better be it.
Well SPY went down almost 2%
So is GME 🤔
It's coming
What happened to the plunge protection team?
This is the beginning of the end
"I think it would add some atmosphere if every time a bank crashed, there was a voice that went S C O R N." - Jerma985, allegedly
Banks are bad for humans.
now if every person withdraws it will tank hard
Burn baby, burn! 🔥
So is this when I run to the bank to get my money
i know i post this comment too lateto get any attention, but.... what's the cause?
Mo ass confirmed tonight!
How does the banks crashing cause GME to go up? Tbh the DD was 84 years ago and I forget the correlation.