Steve Bannon’s Billionaire Benefactor Was Just Fined $539 Million
Tag: Stocks
Analysis: Xi’s leftward shift to a socialist China is for real
Billionaire Bullies force Vaccines which DON’T stop Delta infection or spread.. but DO cause massive injuries, deaths, lost babies.. and much much more..
That NPR article is one to bookmark when people start claiming the vaccination is effective.
Lord of the Roths: How Tech Mogul Peter Thiel Turned a Retirement Account for the Middle Class Into a $5 Billion Tax-Free Piggy Bank
China semiconductor trade association establishes work group with U.S. counterpart
GameStop Hearing Gets a Surprise Witness from Deeply Conflicted Cato Institute
GameStop Promoter Keith Gill Was No “Amateur” Trader; He Held Sophisticated Trading Licenses and Worked in the Finance Industry
While some hedge funds like Melvin Capital have reportedly lost billions in the short squeeze, other major players on Wall Street have made windfalls. Reuters is reporting that the giant asset manager, BlackRock, “owned about 9.2 million shares, or a roughly 13% stake, in GameStop as of Dec. 31, 2020,” and could have made upwards of $2.4 billion on the rise in the stock since the end of December. Gill also frequently mentioned on his YouTube videos Michael Burry’s long position in the stock as well as Ryan Cohen, whose RC Ventures held a 13 percent stake in GameStop.
Related:
‘Big Short’ investor Michael Burry made a 1,500% gain on GameStop during its Reddit-fueled rally
Along with Chewy cofounder Ryan Cohen, Burry has been agitating for changes at GameStop for a while. The Scion boss penned a letter to the company’s directors in August 2019, arguing the low stock price and massive short interest suggested a lack of faith in management, and calling for a massive share buy-back.
AOC, Pelosi Say Trade Bans by Robinhood on GameStop Stocks Warrant Inquiry
Trump signs bill that could kick Chinese firms off U.S. stock exchanges
Trump Regulator Set to Consider Approving the Banking Model that Ushered in the Great Depression – Uninsured Deposits
Seven banking and credit union associations have sent a letter to the Office of the Comptroller of the Currency (OCC), the regulator of national banks in the U.S., spelling out the dangers of the OCC approving a pending bank charter that would allow a national bank to accept and hold deposits that lack federal deposit insurance. The lack of federal deposit insurance triggered the bank runs and banks collapses that played a key role in ushering in the Great Depression. (More on that in a moment.)
Ms. Cat’s Chronicles 
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