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> My general sense is that WSB works hard to moderate within its sensibility so it stays enjoyable, but with the big influx, I’d bet Facebook and Discord are ei
by ogre_codes 6y ago
> My general sense is that WSB works hard to moderate within its sensibility so it stays enjoyable, but with the big influx, I’d bet Facebook and Discord are either reacting to behavior which is slipping past the WSB mods due to the influxes,
This is possible, they are a victim of their own success in a way... or
The banks are looking for a way—any way—to shut them down. This is costing millions of dollars. Paying a few shills to jump into the group ramp up the BS and a few others to jump into the group and take offense at every little thing might just be what it takes to overwhelm the mods.
Not Facebook collusion, just a little discourse sabotage.
- perl4ever 6y agoGiven the number of new people being the size of a substantial city, the worst of them is statistically guaranteed to be worse than the most horrible professional troll, I would argue.
- ogre_codes 6y agoFrom the sounds of it, you don't even need to be a professional troll. Just flag every offensive post there is.
- fractionalhare 6y agoWhat banks? And why banks? Banks are not involved in the short squeezes at all.
- IG_Semmelweiss 6y agoI agree with your skepticism but it is possible, even likely, that maple and melvin were levered as part of their short strategy. I think its far more likely that the poison would be released by funds themselves, but do not think for a second that banks will not intervene to safeguard their revolvers...
- swader999 6y agoBanks back the primary dealers who take and back these leveraged trades. They are up to their noses in this.
- MrMan 6y agowhat? banks just lend money and are scared of defaults. what do banks have to do with this? the power company is complicit by providing electricity too? if you against banking, you have bigger fish to fry
- swader999 6y agoEver since Clinton repealed Glass Steagal, banks have been able to offer both commercial banking and investment banking. And they aren't really scared of defaults when they are too big to fail.
- xnyan 6y agoBrokerage firms are backed by banks, and if a brokerage firm was somehow small enough that they couldn't provide the liquidity to cover the trades, then the banks backing them are on the hook.