What service is the clearing house providing as far as being a "middle man" between financial institutions?
From my very little understanding it seems that they accept the money regardless of whether it's "authentic" and if it is, they pass it on to the actual receiving institution?
From what I've read, transfers and direct deposits and other transactions are queued up throughout the day/weekend, and then once a day (Mon-Fri), every transaction is processed and completed as one batch. Why isn't there a way to do this instantly? What is the benefit of the batch method?
The revolution is here.
TLDR; There's a way to find out if there's naked shorting, how much naked shorting is happening, and who is doing it by creating a 'shareholder proposal' and sending it to Gamestop, and it is within the rights of any eligible shareholder to do so.
Dr. T alerted us dumbasses via Twitter that there is an opportunity for shareholders to present a proposal to the board of the company, which could then become part of the yearly proxy statement, and brought to a shareholder vote. https://twitter.com/SusanneTrimbath/status/1482482528548130818?t=EjkKcVFE7BynWVfd39qmNQ&s=09
The SEC has clearly laid out requirements and parameters for eligibility. Here's a link to the rules: https://www.sec.gov/divisions/corpfin/rule-14a-8.pdf
As someone who fomo'd in last Jan, I am ineligible to submit this proposal to Gamestop based on the criteria (paraphrasing for simplicity):
- Continuously held:
- $2,000 worth of $GME stock for 3 years
- $15,000 worth of $GME stock for 2 years
- $25,000 worth of $GME stock for 1 year
Why are you telling me this? Why should anyone care? Aren't 'calls to action' FUDdy, stupid and even potentially dangerous?
Good questions - but I'm not telling anyone to do anything, and am just putting the facts out there and leaving it up to YOU to be the judge. Do whatever you want with this, I'm just another idiot with broadband internet, and I am posting this at the behest of others in the comment section of another thread https://www.reddit.com/r/Superstonk/comments/s512sj/comment/hsv9d8e/?utm_source=share&utm_medium=web2x&context=3
Ok, still with me? Go watch this video of Wes Christian interviewing David Wenger, CEO of ShareIntel. Or don't, I'll lay out the key points below anyway.
https://m.youtube.com/watch?v=7cW7UPvmahQ
bUt i dOnT hAvE tImE fOr tEh VidJeoS
VIDEO TLDR:
- Wes Christian is a lawyer. He has done multiple superstonk AMA's, makes an appearance in Dr. T's Book "Naked Short and Greedy", and his name will show up all over google searches on the subject in financial news articles and television. He is the defacto name in identifying and suing naked short sellers. This d
//<Infinite hype loop enabled>\\ https://www.reddit.com/r/Superstonk/comments/s6rqys/rally_song_for_the_market_openhodl_my_bully_boys/ HOLD MY BULLY BOYS HOLD
GOOOOOOOOOODDDDDDD MOOOORRRRRNIIIIINNNGGGGG SSSSUUUUPERSTOOOOONNNNNK
I am u/Odd-Ad-900 and I am your mildly unhinged morning news anchor.
Yes, I took my Reddit given name. No, I am not "new". Calling me a shill? MGGA Please... (psshhhh)
Can You Smell That? It smells like the fire that will consume Rome. It will be a great show... kinda like hanging with Tyler Durdin in the financial district...
God I love this job.
Insert NON-FLACCID intro card... HARD
Stonk gets me BULLISH like a BULL in a field of cows!
They fear the poors standing up. That is all we have to do is stop. Just stop, and stand up.
RRP is hanging on to the $1.6T mark another day...
Incase you haven't heard, Apex clearing corporation is forcing Ally bank to reverse IRA DRS transfers. First... this is fucked up. APEX was behind turning the buy button off in January of 2021. Since that kind of backfired on them (they didn't think we would stay around) they are forcing these transactions to be reversed.
Unfortunately... They can LEGALLY do this because an IRA or 401K (investment vehicles) are actually managed in whole (in this case) by ALLY bank. There is no indication that other brokerages are doing this. We don't know what we don't know so please do not jump to conclusions ESPECIALLY with a retirement account. I'll be posting more soon on other brokerages.
Here is a list of all the brokers that APEX clears for. I know they clear for a few o
... keep reading on reddit ➡
So lately i was in some trouble when it comes to names and starting up an IBKR account to DRS (i have multiple names and don't worry everything is fixed and ive drs'd)
I first tried to go create a new bank account at ABN AMRO aka a clearing house of citadel. Everything went fine, friendly service, they constantly contacted me etc.
Then they needed to know if i invested i told em yes, they asked for my position and i showed em, well Whoops i guess they really did not like the 100% GME lol. Ghosted me so quickly after that and they never replied again.
To all dutch apes: run for your life from ABN AMRO they are going down with citadel. Sadly i can't post this on superstonk but feel free whoever wants to! Have a great day!
Going to keep this short because I've already been on Superstonk too long today and it's only 11am
#Major Edit
Unfortunately this seems to be debunked by /u/roderrabbit he found the mistake in my thinking when I accidentally compared two different Goldman documents together. What remains true is GOLDMAN SACHS BANK USA (and pretty much every other bank) is extremely overleveraged on derivatives. GOLDMAN SACHS BANK USA is 135:1 ratio. Also, GLCO is an excellent example of what a stock might do if it's shorted 27x it's current float. It's at the bottom of this.
-
https://www.goldmansachs.com/investor-relations/financials/subsidiary-financial-info/gsi/2021/03-31-21-financial-information.pdf - Goldman Sachs International (unlimited company)
-
https://www.occ.gov/publications-and-resources/publications/quarterly-report-on-bank-trading-and-derivatives-activities/files/pub-derivatives-quarterly-qtr1-2021.pdf - GOLDMAN SACHS BANK USA
Let this be a lesson in humility I suppose. The DD should never stop and the counter DD should never stop. Apologies for the mistake! I could delete this but I think it serves a good lesson on how everyone should (in a constructive way) continue to critique whatever makes it to the front page.
>! credit to https://www.reddit.com/r/Superstonk/comments/nsioql/the_complete_bank_of_america_gamestop_dd/
>!https://www.reddit.com/r/Superstonk/comments/pqqsz6/goldman_is_a_swapsfutures_counterparty_theory_why/
>!Boa has been blowing up in this sub lately and the only thing I see people talking about is how BOA is holding citadel's 57b$ bag. Well as of September of this year, BOA's derivatives have dropped from 57b to 18b. Why is that?
>As of December 2020, BOA's holding Citadels' 57billion dollar bag of shit.
>![In Dec 2020, Goldman held 7.8 billion in derivatives and in March 2021 they held 13.2 billion] (https://i.imgur.com/7Wnmy1L.png)
>!edit: fixed the decimal error.
>
>!Now this is where things get interesting per the Goldman swap DD.
>
My uncle died at the beginning of this week. We’re starting to clear his house this weekend and are looking for a charity that’ll come pick up the furniture.
We called BHF and they sound like they’re quite strict with what they’ll take. His furnitures is fairly decent condition, used but not wrecked and still has plenty life in it. Stuff like his sofa, bed room furniture, white goods, dining table and wee living room tables. Plus we have lamps, wall art, ornaments, clothes, cds and books. It’s all good stuff.
Anyone know anywhere that’ll just take it with no hassle?
Edit: thanks for the suggestions everyone, I’ll have a look at them all.
The Ontario looks like a good sturdy knife, and I like the price point (<$60), but I own several Esee knives (5. 6, Izula 1&2) and I love the quality. Just wondering, from a practical point of view of getting the job done, if it's worth the extra $$$ in this case.
