YEAH JPOW WHAT'S THE USE, HUH? CHOKED ON THAT ONE LOL
Oh good lord. "If the debt ceiling doesn't raise, we can't be expected to protect you." Lmfao.
Laymen's terms: We're printing money, we're going to keep printing money, raised the debt ceiling so we can pay our bills with printed money, or it's going to be Armageddon. Also: I can't even tell you what our printed money is for anymore, but it's no longer a tool for recovery.
raise* not raised
also layman, damn dude, I am typo master lately. I must still be sick.
• • •
Missing some Tweet in this thread? You can try to
force a refresh
@realMeetKevin@vladtenev@CNBC@realMeetKevin the e-mails are going around right now. On the day of, Citadel informed all of their PFoF clients they would not be paying PFoF for purchases of GME, only sales. All brokerages utilizing PFoF would have had to eat all purchase costs themselves. This is the why.
@realMeetKevin@vladtenev@CNBC The story about liquidity was BS from the start. The settlement deposit requirements were waived prior to market open on the day sales were restricted. Those liquidity requirements were still used as a cover story. He did not need to meet them, they did not exist. It was PFoF.
@realMeetKevin@vladtenev@CNBC That is why every brokerage that utilizes Citadel's PFoF payments to offer "free" trading to their clients restricted sales of GME that day, and those that do not, did not. They didn't ALL have liquidity issues all at once, they were simply unwilling/unable to eat trading costs.