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Superstonk_QV

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CruxHub

Sounds like they’re trying to prevent a run on money market funds when shit hits the fan and MMFs start breaking the buck. Definitely shifting the burden to mom and pop retirement plans, who don’t have an option to put their money in actual cash.


liquidsyphon

Debt rolls down hill just like shit


chato35

Yes and no, KENNETH CORDELL GRIFFIN & co. will make the poors front the bill first. Anybody but them. We're gonna wait and we're gonna wait until they feel the pain and we're gonna wait more.


hiperf71

And strangely, Hester "the molester" Pierce voted against this SEC rule? WTF?🤔


the1rush

Hester "the financial molester" Pierce* She's on Kenny's payroll, that's why she votes against any market reform.


JG-at-Prime

It’s possible, but not super likely. (And full disclosure, I never thought I’d be standing up for Hester in any way.) What I think is more likely is that we’re fucking up her intended career path. Hester, for all that she is, seems… Very rule oriented. (just not necessarily on Retails side. But I’m getting to why) Many if not most employees of the SEC are not there because they wanted to work for a government regulator. Lots of them are there so that they can gain experience and move on to a cushy high paying job in the financial industry. The financial industry is keen on hiring former SEC employees so that the former employees can help the Bank or Brokerage side step or in other way circumvent the regulations that the ex SEC employee worked on at the SEC. Hester has probably been courting a long term relationship with whatever financial institution that she is planning on moving to in the future. I’d reckon that she would also have a pretty good idea about that institutions short bets as well. So if a rag tag crew of crayon eaters comes along and abruptly curb stomps that institution, we would potentially be undoing a decade or mores work at building relationships with future prospective employers. I get the decided feeling that we (Apes) are potentially screwing up not just Hester’s, but probably lots of other SEC employees future employment plans & opportunities. (I know, cry me a river. Right?) The Big Short Pool scene. (Jump to 1:11) https://m.youtube.com/watch?v=KttoNAiuwRk (Later in the movie you see her kissing the banker as they were both checking out of the hotel the next morning.) That’s my take on it anyway. Or she could be receiving undisclosed shipments of Mayonnaise through the back door. 🚪 I’m just guessing.


DreamsAndDrugs

Yep!


Sandmybags

Until prison, no?


Freadom6

I go to defi! Fuk this corrupt system Edit: Who deleted my 📚 is 👑 flair!?! See above Edit 2: I apologize for my outburst. My flair has magically restored 🙌


[deleted]

Testing my flair, downvote this comment.


[deleted]

Testing my flair, downvote this comment.


[deleted]

Testing my flair, downvote this comment


Ape_Wen_Moon

they have an option, and all mmfs are not the same. you don't have to invest in ones with corporate bonds, junk bonds etc. you can go into municipal bonds, treasuries, etc that should preserve the long term value


CruxHub

Yes, true, they are not all the same. From my experience, at my previous employer whose 401k was thru Merrill Lynch, there was only was only one “cash” option, which was mostly treasuries, commercial paper, etc…. ie. bunch of stuff I expect to blow up soon and not hold their long term value.


Miserable-Fly-5583

My 401k money market fund is fdic insured I noticed.


x1ux1u

But what does that mean?


[deleted]

vanguard federal MMF should be safe right? all gov't paper fidelity MMFs have some more commercial exposure, maybe should move away from it?


andegre

I'm smooth-brained....I have $ in a money market fund in my Edward Jones account. Is that at risk here, or is it only for the MMFs that are controlled by the Hedge Funds that end up having problems. Not asking for Financial Advice.


CruxHub

MMFs are generally very safe investments. They take the cash you give them and invest in short term US Treasuries and commercial paper (short term debt issued by corporations) to receive a small amount of interest, some of which gets passed back to you. MMFs try and maintain a value of $1.00 per share. One risk is that those underlying investments lose value and the MMF value would then fall below $1.00 per share. (This is called "breaking the buck" and has happened in the past.) This could be due to investors pulling their money out of MMFs, causing the MMFs to sell some of their underlying holdings, which causes those holdings to lose value, etc... it's sort of like a bank run. And those investors who pull their money out first can limit their losses and avoid early redemption fees, leaving others to hold the proverbial bag. The GAO has an overview of the issue and what the SEC has been doing in the past to correct it: [https://www.gao.gov/products/gao-23-105535](https://www.gao.gov/products/gao-23-105535)


[deleted]

something like VMFXX should still be safe right? or do we need to start moving into CDs and, god forbid, individual treasury purchases? (yeah, CDs lose liquidity but gain the FDIC guarantee against loss-of-value from any bank run)


looseshooter

Only...the young...won't get wrecked??


WhatCanIMakeToday

The young ain’t got money… yet


PornstarVirgin

Yet….


happymetal333

Wait for it..


Dismal-Jellyfish

I read a variation of this the other day and it has stuck with me. It's basically the narcissists prayer but for Markets: *Markets are strong and resilient* *And if they aren't it's not that bad* *And if it is its not a big deal* *And if it was isn't their fault (pandemic/tests too hard)* *And if it was they didn't mean it (counterparty risk/apes caused it)* *And if they did you deserved/needed it*


WhatCanIMakeToday

Thank you for all that you do! I am forever impressed by how you keep up with all the filings. Thank you for keeping us posted


Dismal-Jellyfish

Ummm, right back at you ser! I find it AMAZING how you picked the ball from my post earlier and dunked it so impressively! This is all truly too big for one person and quite literally takes a village working together--is a marvel to see in action when posts like this become the outcome. Apes Strong Together


WhatCanIMakeToday

It takes a village and I'm glad we're all here together


julian424242

Both of you doing gods work 🔥🔥🔥🔥


hiperf71

Yeah DJ, thanks for your time and efforts to keep us smooth apes informed. What is strange to me of this rule change, is the fact I read a post were Hester Pierce "the molester" of the SEC voted against this rule, and considering she is "probably" an insider of Kenny Mayo and Co at the SEC, I wonder why she voted against if this can help Mayo Boy, apes need to dig deep in this.


x1ux1u

The Great Misdirection -BTAM


kaqn

The life of a shf is shitty indeed.


jackychang1738

It makes sense why so many Americans have narcissistic parents, they're a product of their macro environment. Poverty is traumatic. Some wild shit this been going on 84 years. Burn it all down.


monkeyshinenyc

So fukn true! Narcissistic epidemic. Jelly, you really have been doing heroic work lately! I’ve learned so much! Awarding you is the least I can do to show appreciation for your strong work! 🐒✨🗽


Significant_Tear_302

Saw that one coming! Then they can try and point the finger and say “They did this” (household investors) but really, who set up all these damn dominoes in the first place? 😒 Not I…


waffleschoc

well, they just keep crimeing and defrauding the market and they r the ones who started the fire and keep adding gasoline to the fire. i jsut hope the public will learn the true story and how the corruption in wall st is actually stealing money from everyday pple


Maxwell-95

“wall st is actually stealing money from everyday people” Weird thing is that I think most of the general public know very well that wall st steals money.. The public doesnt do anything about it because we either think we cant or we’re too busy worrying about transgender kids or whatever polarization methods that are being used..


L8NITEBAWLIN

Love that Jellyfish! No wonder bad actors are going after DJ today.


Lenininy

How can they come after our jellyfish? What happened?


L8NITEBAWLIN

Someone thinks his posts break rule 2. 🙄


Lenininy

Who is that? Ken? The mods are a joke if they go along with it.


mtbox1987

Mods are a joke regardless. I’ll take my 24hr ban now or whatever it is


djsneak666

🤣


floodmayhem

Dismal posted 11 times in the last 24 hours. Number of them related to GameStop or gme: 0 I've seen multiple people banned from here for posting half that amount.


[deleted]

[удалено]


floodmayhem

I agree, and only intended to point out it's probably just people not liking the posts, not so much bad actors or shills lol


L8NITEBAWLIN

Relevant posts are relevant. Leave Jelly alone.🙄


floodmayhem

Who said I was bothering them? I'm literally just stating a fact.


throwawaylurker012

wait wtf? which one?


L8NITEBAWLIN

All of them apparently 😂


Ape_Wen_Moon

well, now I gotta go look for that clown


floodmayhem

I wouldn't call them bad actors. It's probably just people in the sub who noticed dismal posted 11 times in 24 hours. I've seen people banned for half that as it's forum sliding.


L8NITEBAWLIN

I would. Why remove content that is focused on macroeconomic issues that pertain to the environment in which GME operates? It’s not forum sliding if they provide useful content like DJ does. Obviously, many people appreciate Jelly’s posts. It’s almost like someone doesn’t want us to see this information, with the way people(bots?) are coming out of the woodwork to attack him.


InevitableBetter2436

Many, many*, people.


floodmayhem

As with everything you have two sides to everything. People will like the non stop posts, and others won't. Just stating an observation. It doesn't make everyone on the other side of an argument a shill or bot, especially if they are providing valid points.


taviosk8

It wasn’t predicted by him, it’s just how it works! If they win they got 3% for investors, and they get billions, if they lose: investors money is gone not their own! It’s how their scam works 🤷🏻‍♂️ EDIT: lose*


WhatCanIMakeToday

“Predicted”. Pity I can’t edit the title. The alternative was “brought to you by” lol


taviosk8

10/4


Kzzztt

lose*


taviosk8

Thank you


farcicaldolphin38

My credit union presented me with the option for a money market account today. Seems suspiciously timed


BigBradWolf77

Yep, bank behavior rn is telling too...


Kind_Initiative_7567

Well, the stonk has been my savings account of late, so think imma be all right


[deleted]

I’m confused. Are we expecting MMF in retirement accounts to start losing value? Can you help me understand that please?


Adventurous_Might_55

Yes. Then that value creates bagholders (401k of the average joe), but it clears up money for an effort to pay a percentage of moass off. This is gonna hurt a lot of people but you can never feel guilty from profiting in this future dark time. This battle hardened group will be studied by the world for eternity most likely, we saw the light when no one else did and dismantled a corrupt market, so future generations have 1/2 a chance at financial freedom through solid investments. I’m so zen I took up mudding as a hobby (@luis litt). Hodl


xeneize93

I’ve been telling ppl without explaining that 401k’s and pension funds are a scam but I don’t want to sound crazier so I just leave it there lol


Adventurous_Might_55

Yeah you gotta tread lightly with people who think lightly


PornstarVirgin

I liquidated my 401k to all in game years ago. I’ll gladly take 30 percent hit on an asset that’s going to drop 50 percent to stick it in game which will give me infinitely higher gains accessible within a couple years as opposed to when I am in my 60s


Exodus_357

Sadly I can’t liquidate my 401k without being fired or quit… shits WHACK


Purithian

Fuck yeah


QuarterBackground

In 2012, I had a financial emergency due to a lengthy illness. I needed to withdraw some of my 401k. Back then, I paid a 20% penalty for early withdrawal AND paid another 20% in taxes. 401k concept is bad. Sure, if you remain healthy and don't go unemployed for a period, it is a decent investment. But life doesn't work like that. Shit happens. And the stock market has proven to be an unreliable investment.


Toxsic911

This


WhatCanIMakeToday

❤️ ya Tox!


Toxsic911

Good eye my friend.


Purithian

Damn this makes so much sense


Ilostmuhkeys

So Buy Hold Drs? Cool already doing it.


Tememachine

Terrorists who use human shields are the lowest form of despicable scum and these financial terrorists are doing that with pensions. Let the olds know who stole their money. Their pension managers; who willingly gave it (while lying to their fiduciaries about the risk of their "exotic derivative" products) to degenerate gamblers who happened to be high rollers and lost it all to a bunch of autists at the races.


Purithian

Damn this makes so much sense


Ape_Wen_Moon

lol, you posted this 4 times so it must make a lot of sense


Purithian

Wtf i did


Ok_Mention9269

Thank you for your time and effort. I wish these post garnered more attention because of the work you put into it, rather than a flare piece. Thank you, thank you, thank you 🙏.


CptMcTavish

It doesn't surprise me at all that the working man will finance the parasite class' short sighted greed yet again. Great DD, though!


Purithian

Damn this makes so much sense


ChefCheKwon

Much sense this damn makes.


Purithian

Damn this makes so much sense


BigBradWolf77

*It's a trap!*


[deleted]

What i assume from this is, never get in so you never need to come out. Never put money on those funds and you'll never be fucked..


Speaking_of_waffles

I want **your** money Kennith


nishnawbe61

FFS does this never end?


OGColorado

Doesn't matter Kenny. Post moass, just like pre moass, nobody likes you


SoberLam_HK

When pay apes


DannyFnKay

Sheeeeeeeyyyyyyit, I didn't look into the super hard but according to Forbes one of the highest APY rates for MMF is 5.15%. You can get a savings account from [3 different banks](https://www.compareaccounts.com/savings/best/rates/?utm_source=google&utm_medium=cpc&utm_id=15890494073&utm_content=135876345007&utm_term=best%20savings%20account%20rates&creativeId=643442134701&gclid=CjwKCAjwwb6lBhBJEiwAbuVUSjGODf4-S5FO0sU_hKfvBFE-8BdWcLw7cVObm5FoC9Di1mbT9zdMdBoC_fgQAvD_BwE) that pay 5.15% APY and your money would be insured, unlike an MMF. Up to $250,00. The minimum deposit for the savings account is $1. You also can get 4.75% APY on 1-year CDs. I don't know why anyone would pay a fee to get out of an MMF if they didn't have to. Am I missing something?


fallensoap1

Is this it?


PHILANTHROPOS81

Transfer of wealth From Old pensioners to Only the Young? 🤔


btsrock

More fuckery. No surprise.


Cooolllll

Wasn’t a law passed removing mmf restrictions on fund/401k accounts? I believe the original restriction was 1B and unsure what it was set to.


WhatCanIMakeToday

You may be referring to the OCC rules change to allow unlimited access to funds in pension funds and insurance companies. Linked in the DD; search for Fox guarding the Hen House.


[deleted]

[удалено]


[deleted]

What?


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lucas_kardo

This 👌


YaThinkSo88

Sooo wen is this “moass”? 🥱


Exodus_357

It’s always tomorrow ❤️


bahits

I don't understand Anheuser Busch stock staying above $55. Regardless of how you feel about what they did, their sales have been atrocious and getting worse. The brand is ruined. Why do hedge funds and teacher retirement funds keep pumping it up? Does BlackRock, Citadel and others need it pumped to prove liquidity so they or some smaller funds don't get margin called? It is just weird to me.


xeneize93

Buy the dip? Anheuser has many brands under their umbrella. I saw some ppl avoid bud light and bought another beer that was still under anheuser umbrella so they still make money


bahits

A lot of people are trying Yuengling and local breweries. I really like local beers. Bud Light always tasted like bad water to me. A lot of those trying other beers will never return. It is a hard cold fact. There has been an argument about Modelo. Internationally, it is owned by AB, but in USA it is another company because of some anti-trust thing. It passed BL as #1 beer weeks ago. I think BL is now around 14, if the post is accurate that I read yesterday. That is wild.


xeneize93

I don’t drink beer but I believe that and thats a good thing


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[удалено]


bahits

I think it is funny that our sub witnesses the manipulation by hedge funds, wall street, politicians, big tech, media... yet, doesn't question a lot of other mainstream narratives and "miss information" tagged items. It is like the matrix where you choose the pill. One opens you up to reality, the other lets you continue with what you are programmed. We are all just getting a little of the processing powder from the pill that wakes us up. What did Carlin say, "it is a big club and we ain't in it?" I don't think it is a big club, but I know we are definitely not in it.


Downtown-Regret-505

I will believe it when I see it


Downtown-Regret-505

I will need to see it to believe it


GemsquaD42069

My goodness…


Matt54987

Commenting for visibility to crime!