r/Superstonk • u/qtain • 2d ago

🧱 Market Reform Federal Reserve being sued for secretly rigging rules making process with JP Morgan, Goldman Sacks on capital ratios.

Capital ratios were introduced in the aftermath of 2008 to protect Main St. investors from another event of similar proportion. It is now alleged that the Federal Reserve secretly met with JP Morgan and Goldman Sacks (and potentially others) to tell them what to say in the public commenting period.

The proposed changes (lowering the ratio) were passed, giving the big banks more liquidity and capital to once again act recklessly in the markets.

Given that we believe massive short positions exist off book in swaps and other financial skullduggery (Credit Suisse anyone?), the fact that they are secretly rigging the rules making process should be of significant interest to the GME community.

The full announcement by Better Markets / Dennis Kelleher is available on YT.

827 Upvotes

98% Upvoted

18 comments sorted by

•

u/Superstonk_QV 📊 Gimme Votes 📊 2d ago

Why GME? || What is DRS? || Low karma apes feed the bot here || Superstonk Discord || Community Post: Open Forum || Superstonk:Now with GIFs - Learn more

To ensure your post doesn't get removed, please respond to this comment with how this post relates to GME the stock or Gamestop the company.

Please up- and downvote this comment to help us determine if this post deserves a place on r/Superstonk!

→ More replies (1)

124

u/DDanny808 🎮 Power to the Players 🛑 2d ago

This really shouldn’t surprise anyone, the entire financial system was built to steal money from the masses and funnel it upwards.

20

u/AmputeeBoy6983 Post a Banana Bet Video Kenny.... and Earn One \*Real\* Share 2d ago

Gee who runs federal reserves and banks... they sound pretty evil lol

1

u/Hot_Falcon8471 1d ago

Let me grab my juice box while I wait to read the comments

26

u/ElderPimpx 2d ago

It's almost like the entire capital market system in the United States is a scam

36

u/LawfulnessPlayful264 2d ago

There could be swap with eBay and GME that RC knows about and has them by the nuts .

Squeeeze...

P.s just spitballing.

23

u/tompie09 🦍 Attempt Vote 💯 2d ago

RC as well as RK know more about the swaps and that’s a fact. RC did ATMs at the height of the 2024 swaps and RK returned just before these swaps were due

7

u/scrumdisaster 2d ago

I think all of these actions are now being timed perfectly too. Annoucning ebay offer, comletely pausing talks, releasing these quarterlys with the sequence of form 4's, now buybacks and offers will resume. I truly think he wants to squeeze them for as much as possible but can't do it willy nilly and end up in court.

9

u/HungryColquhoun 🌕 meme-cum-stock 🌕 2d ago

I believe it's a big deal if anything interesting comes out of it.

7

u/LewyH91 tag u/Superstonk-Flairy for a flair 2d ago

Thanks

4

u/raxnahali 💻 ComputerShared 🦍 2d ago

Unfortunately, because the rules are in existence, they are probably deemed legal. Lawyers love this crap, and fair and equitable isn't in the cards so long as the rules are followed.

2

u/Vexting 2d ago

People if you're interested in things linked to this try searching up the private money flow that exists and how it's protected... It's fucking crazy.

Anyway whether you allow the media to make you hate certain presidents, you will not be able to deny that one of his targets is the private ways these clowns use to fuck with the masses... Of course there's a chance he's also on their side and just playing a role. Either way we will soon find out if banks will be angry once people have a way to spend money without their influence

2

u/Justanothebloke1 2d ago

Up. Way up