Recent comments in /f/wallstreetbets

Fausterion18 t1_j6lnzo4 wrote

Nothing the CEO did was morally wrong. Their counterparties were other investment banks, trading is a zero sum game.

Saying the fire sale was morally wrong is like saying bluffing other players in poker is morally wrong. Everybody in that movie was a shark, they just happened to be a smarter shark. What he did is no different from what people do every day on this sub - he bought and sold securities that he thought had a different true value than the current market price. That's literally what trading is!

The CEO is 100% that correct nothing they do could even slightly alter the course of the incoming economic shitstorm and all they can do is attempt to survive it. He did the right thing by fucking over the other sharks and giving his employees a fat severance.

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cesvilmal t1_j6lns1x wrote

It's 100% a sensing problem. I work in the industry. But I guess no use arguing with a fanboy who thinks "single modality" is an outlandish term but unironically says "neural nets"

I'm sorry Elon took you for your pre paid fsd.

Disclaimer: I hold no positions, short or long, in that dumpster fire of a company.

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Fausterion18 t1_j6lnkcc wrote

What ethics lol? All these IB guys are sharks, they just happened to eat the other sharks this time around.

It's not like their counterparties are grandma, it's big banks like Deutsch, Merrill, etc. What he did was sell securities that he thought was worth less than the current market price. No different from some wsber doing the exact same thing. This is literally what trading is.

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