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Basement Biden, transvestite Psaki dodge GameStop trading frenzy scandal for second straight day
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Leroy N. Soetoro
Feb 5, 2021, 3:40:37 PM2/5/21
to
https://nypost.com/2021/01/29/sec-to-review-trading-limits-amid-reddit-
fueled-stock-frenzy/
President Joe Biden refused to weigh in on the Reddit-fueled GameStop
market frenzy on Friday as White House press secretary Jen Psaki for a
second day also remained mum on the pressing issue.
Biden ignored shouted questions from reporters in the Oval Office after
the Securities and Exchange Commission earlier Friday said it will
scrutinize brokerages’ moves to block investors from trading certain
stocks and Congress announced it would hold hearings into the fiasco.
Psaki, as she had a day earlier, deferred to the SEC when asked about the
market volatility, saying the Biden administration will “respect the role
of regulatory agencies.”
“They are closely monitoring the situation and it’s under their purview at
this point in time,” Psaki told reporters at a Friday morning briefing. “I
guess part of our education can be conveying to people that the SEC is the
regulatory body that would oversee this and can speak to it further.”
In its most detailed statement on the matter to date, the SEC said it’s
working with other regulators and US stock exchanges “to identify and
pursue potential wrongdoing” related to the extreme swings in several
companies’ share prices.
The agency also indicated it will scrutinize the restrictions that
brokerages such as Robinhood placed on trades of GameStop, AMC
Entertainment and other stocks pumped up by rookie investors on Reddit’s
“WallStreetBets” forum.
“The Commission will closely review actions taken by regulated entities
that may disadvantage investors or otherwise unduly inhibit their ability
to trade certain securities,” acting SEC chair Allison Herren Lee said in
a joint statement with the agency’s three other commissioners.
“In addition, we will act to protect retail investors when the facts
demonstrate abusive or manipulative trading activity that is prohibited by
the federal securities laws,” they added.
While the SEC said the nation’s market infrastructure has held up under
this week’s massive trading volumes, regulators warned traders that
playing with volatile stocks remains a risky business.
“Extreme stock price volatility has the potential to expose investors to
rapid and severe losses and undermine market confidence,” the commission
said in its statement.
The comments came after Robinhood blocked investors from buying GameStop
shares on Thursday as the video-game chain’s stock price soared to mind-
boggling heights, sending the company’s market cap from around $1 billion
to more than $23 billion in a matter of weeks.
Robinhood said it didn’t have the capital to cover the trades if they went
sour and eased the restrictions Friday after raising more money.
Still, the move provoked outrage among retail traders and lawmakers
including Rep. Alexandria Ocasio-Cortez (D-NY) and Sen. Ted Cruz (R-
Texas), who fueled populist rage by complaining that Wall Street and Main
Street play by different rules.
Robinhood — which offers no-fee trading, compounding its capital woes — is
now allowing investors to buy runaway stocks like GameStop but capping the
number of shares and options contracts users can buy.
--
"LOCKDOWN", left-wing COVID fearmongering. 95% of COVID infections
recover with no after effects.
No collusion - Special Counsel Robert Swan Mueller III, March 2019.
Donald J. Trump, cheated out of a second term by fraudulent "mail-in"
ballots. Report voter fraud: sf.n...@mail.house.gov
Thank you for cleaning up the disaster of the 2008-2017 Obama / Biden
fiasco, President Trump.
Under Barack Obama's leadership, the United States of America became the
The World According To Garp. Obama sold out heterosexuals for Hollywood
queer liberal democrat donors.
President Trump boosted the economy, reduced illegal invasions, appointed
dozens of judges and three SCOTUS justices.
fueled-stock-frenzy/
President Joe Biden refused to weigh in on the Reddit-fueled GameStop
market frenzy on Friday as White House press secretary Jen Psaki for a
second day also remained mum on the pressing issue.
Biden ignored shouted questions from reporters in the Oval Office after
the Securities and Exchange Commission earlier Friday said it will
scrutinize brokerages’ moves to block investors from trading certain
stocks and Congress announced it would hold hearings into the fiasco.
Psaki, as she had a day earlier, deferred to the SEC when asked about the
market volatility, saying the Biden administration will “respect the role
of regulatory agencies.”
“They are closely monitoring the situation and it’s under their purview at
this point in time,” Psaki told reporters at a Friday morning briefing. “I
guess part of our education can be conveying to people that the SEC is the
regulatory body that would oversee this and can speak to it further.”
In its most detailed statement on the matter to date, the SEC said it’s
working with other regulators and US stock exchanges “to identify and
pursue potential wrongdoing” related to the extreme swings in several
companies’ share prices.
The agency also indicated it will scrutinize the restrictions that
brokerages such as Robinhood placed on trades of GameStop, AMC
Entertainment and other stocks pumped up by rookie investors on Reddit’s
“WallStreetBets” forum.
“The Commission will closely review actions taken by regulated entities
that may disadvantage investors or otherwise unduly inhibit their ability
to trade certain securities,” acting SEC chair Allison Herren Lee said in
a joint statement with the agency’s three other commissioners.
“In addition, we will act to protect retail investors when the facts
demonstrate abusive or manipulative trading activity that is prohibited by
the federal securities laws,” they added.
While the SEC said the nation’s market infrastructure has held up under
this week’s massive trading volumes, regulators warned traders that
playing with volatile stocks remains a risky business.
“Extreme stock price volatility has the potential to expose investors to
rapid and severe losses and undermine market confidence,” the commission
said in its statement.
The comments came after Robinhood blocked investors from buying GameStop
shares on Thursday as the video-game chain’s stock price soared to mind-
boggling heights, sending the company’s market cap from around $1 billion
to more than $23 billion in a matter of weeks.
Robinhood said it didn’t have the capital to cover the trades if they went
sour and eased the restrictions Friday after raising more money.
Still, the move provoked outrage among retail traders and lawmakers
including Rep. Alexandria Ocasio-Cortez (D-NY) and Sen. Ted Cruz (R-
Texas), who fueled populist rage by complaining that Wall Street and Main
Street play by different rules.
Robinhood — which offers no-fee trading, compounding its capital woes — is
now allowing investors to buy runaway stocks like GameStop but capping the
number of shares and options contracts users can buy.
--
"LOCKDOWN", left-wing COVID fearmongering. 95% of COVID infections
recover with no after effects.
No collusion - Special Counsel Robert Swan Mueller III, March 2019.
Donald J. Trump, cheated out of a second term by fraudulent "mail-in"
ballots. Report voter fraud: sf.n...@mail.house.gov
Thank you for cleaning up the disaster of the 2008-2017 Obama / Biden
fiasco, President Trump.
Under Barack Obama's leadership, the United States of America became the
The World According To Garp. Obama sold out heterosexuals for Hollywood
queer liberal democrat donors.
President Trump boosted the economy, reduced illegal invasions, appointed
dozens of judges and three SCOTUS justices.
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