Handsome u/edwinbarnesc gets the credit for writing the below.
Tldr: buy hodl DRS — lock the float and let them sort it out.
They are buying time.
Waiting for the fallout to happen before action is taken.
It’s a straight play from 2008, where they didn’t do shit until granny realized her life savings went down the drain and she had to find work as a greeter at your local grocery store.
Lots of lip service. Don’t believe it?
Rob a bank and get expedited processing to jail.
Get robbed by the bank and hope they turn themselves in with the new DOJ proposal for “voluntary self-disclosure.” Great, so just wait for banks to turn themselves in? sounds like a bad joke.
Also, they imposed a 10 year limit on past crimes committed for white collared crime. Sounds perfect, just out of 2008 reach.
Looking at you Bank of America, JP Morgan, and Goldman Sachs — and the rest of you crooks.
Nothing has changed, 1 year later since DOJ made a public statement.
I’m sure they’re still investigating the investigations conducted by Congress, you know the one when DFV had to testify.
Maybe they can review the Fed’s financial stability report on Retail traders and meme stocks?
Or how about the SEC meme stock report?
Or perhaps that other, other one with Maxine Waters and the removal of the buy button? Oh gee, guess they need more evidence on evidence about the evidence of market manipulation.
Give me a fucking break.
All these reports, millions in wasted tax dollars, and still nothing to show.
Call me extremely cynical but the only hope I have left is to lock up everything and I’m not talking about regulators or enforcers goin after bad guys.
I’m talking about Direct Registration System – lock up all the shares 100% and expose all this bullshit. Tomorrow I will revenge buy direct from Computershare 🟣🏴☠️
Link to DOJ press release – https://www.justice.gov/opa/speech/deputy-attorney-general-lisa-o-monaco-delivers-remarks-corporate-criminal-enforcement
Link to SEC “meme stock report” – https://www.sec.gov/page/sec-staff-release-gamestop-report
Link to Maxine Waters report – https://financialservices.house.gov/news/documentsingle.aspx?DocumentID=409578
Link to Feds financial stability report, pg. 18 – https://www.federalreserve.gov/publications/files/financial-stability-report-20211108.pdf