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Richard W. Painter Profile picture
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4 Feb, 4 tweets, 2 min read
GameStop anyone at 80.98?
Or better last Friday at 325.00?
Stock trading sometimes has little to do with fundamental value.
Level headed commentary on real facts, market manipulation and needed reform from Minnesota Law Review editor @CEpstein15 here:
minnesotalawreview.org/category/denov…
Just loving those peaks and valleys. Who do you think is shorting at the peaks? Hmmm....
google.com/search?biw=144…
Glad you didn't buy GameStop six hours ago for $80.98 or last week for $325.00? It's now trading at $53.50.
Would someone care to explain again the "Efficient Capital Market Hypothesis"?
That's the theory that "law and economics" types use to justify not regulating markets....
Of course stock prices reflect underlying value.... sometimes... and eventually....

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More from @RWPUSA

Richard W. Painter Profile picture
6 Feb
Sexually harass students; get paid $200,000 to quit.
No wonder sexual harassment doesn't stop. It pays.
Corrupt.

twincities.com/2021/02/05/aft…
A professor who sexually harasses students should get sued and ordered to pay damages. But here he gets paid $200,000 not to teach students anymore. This is an abuse of taxpayer funds and a great way to make sexual harassment into a profitable career.
twincities.com/2021/02/05/aft…
University of Minnesota Regent Michael Hsu dared to complain about a "culture of noncompliance." The Board of Regents Chairman (a retired Fortune 500 CEO) reprimanded Hsu for speaking up. Four Regents have contribute $$$ to a PAC that wants the state legislature to replace Hsu.
Read 5 tweets
Richard W. Painter Profile picture
5 Feb
In Minnesota, university regents who are bankers apparently can use their position to promote their own banks.
Speaking of banks, how about Congress passing a law forgiving student debt and reducing college tuition?
What's a "Sunrise banker Regent"?
Public universities are supposed to have regents, not banker regents.
Since when is higher education an "industry"?
Sunrise Bank had better be funding a lot of student scholarships to pull this stunt off.
Who makes money off of student debt?
The banks of course. The higher the tuition and fees the better.
Here's how political power is used to keep it that way.
prnewswire.com/news-releases/…
Read 4 tweets
Richard W. Painter Profile picture
5 Feb
A professor argues that Facebook and Twitter are state actors and can't suspend the likes of Donald Trump. A private company because it's regulated by the government is a state actor subject to the First Amendment and must allow lies and incitement on its platform? This is nuts.
Conspiracy theories, theories of racial and ethnic superiority and other lies destroy democracy.
When "conservatives" who champion free enterprise try to take away the liberty of Twitter and Facebook to control their own platforms, the warning signs of authoritarianism are clear.
From the highest reaches of academia to the lowest gutters in the Internet, we see theories of unlimited presidential power, theories about cultural traits of "successful:" and "unsuccessful" ethnic groups, and even false claims of election fraud. This is where democracy ends.
Read 4 tweets
Richard W. Painter Profile picture
3 Feb
Professor @philewell is taking on White supremacism in music schools, and for that he is slandered in pleadings filed in federal court in Texas. If anybody should be suing it's Black students who can't get a diploma without being required to study almost all White music.
The craziest lawsuit in Texas since ....
the Texas Attorney General sued over the Pennsylvania election results....
insidehighered.com/news/2021/01/2…
If music schools around the Country look at all like the School of Music at the University of Minnesota @philewell definitely has a point.
Read 4 tweets
Richard W. Painter Profile picture
29 Jan
A Black professor criticizes an Austrian music theorist who denigrated Blacks and praised Hitler. A journal in Texas viciously attacks the Black professor, and the White journal editor sues in Texas. Now this British commentator sides with the White guy.
slippedisc.com/2021/01/fighti…
Comments are open. Let him know what you think. This attitude is terrible for the reputation of classical music.
This U.K. Slipped Disc website has promoted sexist and racist views in the name of classical music for decades. Also distorted justifications for criminal conduct of at least one music world donor convicted of multiple felonies in the United States. It's time to say enough!
Read 6 tweets
Richard W. Painter Profile picture
29 Jan
Just released documents reveal effort to shortchange University of Minnesota students in room and board refunds after COVID-19 shutdown. Some Regents object. Approval process circumvented. Georgia consulting firm brought in to help defend action.
Amazing.
publicrecordmedia.org/documents-u-st…
"One member of the school’s Board of Regents, in a private e-mail, called the university “pandemic profiteers” for not giving students more money as the school stood to get millions in federal pandemic aid."
Yup.
“It’s hard to say” how many students were complaining, Gabel said in a March 24 e-mail to Brian Curtis, the head of the consulting company, Paradigm Four. Curtis was a former TV sports reporter who had written several sports-themed books ...."
Read 6 tweets

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