Friday, January 29, 2021

We May Have Had Our Last Free Election in 2016: Democrats Introduce Bill to "Massively Expand" Mail-in Voting

-----Original Message-----
From: The Epoch Times <>
Sent: Fri, Jan 29, 2021 12:06 p.m.

News Alert: Democrats Introduce Bill to "Massively Expand" Mail-in Voting


Anonymous said...

Free elections,free speech,freedom to carry a gun,freedom to gather--OUT
Free persecution and genocide of Whites--IN.


Anonymous said...


GRA:A lot of money is being tossed around to bail out various financial entities because of Robinhood and the various stocks being manipulated by all the schmucks who are bidding up worthless companies,in one of the ballziest pyramid schemes ever seen.
This however,is seeping into the financial markets and warnings are appearing about a "Lehman style" event occurring soon(Monday?)because of billions of dollars in losses by financial institutions betting against Robinhood traders.Here's the quick wrapup:

(ZH)Something bad is about to go down at Robinhood.

One day after the company drew down on its bank lines and obtain a $1 billion rescue capital investment, the company found itself in lockdown mode, allowing just a handful of shares to be bought at a time, effectively shutting down in all but name (it couldn't risk another day of furious public outcry and massive client departures if it blocked trading completely).

However, just before the close, things got downright surreal when in a blog post the broker - which should probably change its name from Robinhood to Suit - made a shocking announcement: going forward, customers will be subject to maximum aggregate limits in 51 securities of which 14 are capped at position limits of just 5 shares, while allowing total holdings in 36 securities to be just one share.

In other words, as of this moment, no client is allowed to one more than 1 share in names like GME, AMC, AG, BBBY, BYND, WKHS and many others. Even boring, low vol names like GM and SBUX are limited to just one share.

This is what the blog post said:

"The table below shows the maximum number of shares and options contracts to which you can increase your positions.

Panicked clients who are wondering if this means that their current holdings which exceed 1 laughable share will be forcefully liquidated can breathe for now: the company said that "outside of our standard margin-related sellouts or options assignment procedures, your positions will not be sold for the sole reason that you are currently over the limit. However, you will not be able to open more positions of each of these securities unless you sell enough of your holdings such that you are below the respective limit." (we expect that to change on Monday, if the company is still around.)

In other words, virtually nobody can buy any new securities.

The company also disclosed that no fractional shares can be bought going forward as "fractional shares are currently position closing only for all of the securities listed in the table above. This means you can sell and close your fractional positions, but you can't open new fractional positions. However, you can still open new whole share positions according to the limits listed above."

Why is this happening? The most likely reason is that between DTC, clearinghouses and other regulatory entities, Robinhood was found to be in another capital deficiency position - even with the billions raised overnight - and it is being forced to delever.

This likely means that Robinhood is as of this moment, scrambling to obtain even more capital, although we somehow doubt it will be just as easy to "take from the rich" as it was late last night especially since the client exodus is surely accelerating.

It also means that we may have to have another "Lehman Weekend" situation on our hands, only this time it will be a "Robinhood Weekend", and an urgent acquisition from a strategic buyer may be required to prevent the worst case outcome. We only hope that the billions in funds held in custody for clients is segregated should the company collapse (pinging Jon Corzine here).

In any case, expect a lot of Robinhood related news over the weekend.
GRA:May be a very interesting Monday,depending on the seriousness of the problems being created--and if they can be masked over.


Anonymous said...

How could it even be more massive?