Hedge Fund Manager Talks About the GameStop Wallstreetbets Crisis. Just had amazing conversation with Patrick Boyle, a hedge fund manager and a professor at Kings College London about the $GME crisis and the nuances of what’s really going on right now. Worth a watch. Here is a link to his channel: https://youtube.com/c/PatrickBoyleOnFinance
By Stock Chat
where the coffee is hot and so is the chat
I’m confused as to why he would take the stance of, “there is no ‘good and bad’,” when we are aware that naked shorting is a predatory tactic used to bankrupt struggling companies. While this interview is 10 months old and retail was not fully aware at the time of this publishing, this guy was definitely fully aware. Seems sus.
Lol – pretty funny to watch this for the first time. He was completely wrong about his assessment about what happened. Pretty funny. I forgot this was back before everyone realized just how corrupt the markets really are.
I’m a AMC and GME ape but I also have a ton of respect for Patrick Boyle, even before and still during this whole GameStop and AMC saga.
SEC : WHERE ARE YOU? PLEASE INVESTIGATE HEDGE FUNDS FOR THEIR CHEATING AND BREAKING LAWS !!!
F hedge funds m***ackers
Great interview 🙌🏾🙌🏾🙌🏾
I went to Queen Marry in London
This guy is good i have watched his channel
Thanks for sharing this!
In class war yes we have sides, so to say no "good or bad" is just slimy like Grima Worm-tongue, an apologist for Saruman. At least they agreed on the unity issue for the masses being good.
"Very, Nice Interview … Very, Informative … Thank You, Sir !"
You can protect Robin Hood and the other traders as much as you want. Fact remains they destroyed the trading by only allowing people to sell.
R u Arabic or something?
So why where hedge funds still allowed to trade freely
Summed up. He says HOLD AMC
Lawsuits against the brokerages and hedge funds will all be destroyed by the control of the courts by the corrupt groups. I learned years ago that the legal profession was utterly corrupt: with many, many attorneys paying non-attorney third parties to create fake cases. Many, many others being preferred because they clean out files of damaging information and documents, do not produce damaging documents, and coach witnesses to lie.
Personally, I actually had a woman who stopped suddenly for no reason in LA after I had gotten an expensive sports car and when I was easily able to brake fast enough not to hit her old SUV, she actually backed up to try to hit me to try to create a fake accident. I yelled at her but was quick enough to back up faster than she did for about one block while blowing my horn, so she finally noticed the bystanders staring at us and drove off. I gave up on the corrupt police.
The labor authorities in California are similarly utterly corrupt: the FLSA ignores and does not investigate or even contact persons reporting labor violation cases against connected persons or companies. One complaint about a worker being used to commit tax fraud was just closed without even a phone call while when emails to that agency asking about the case were evaded and the FLSA responding person would not identify him or herself.
The LA workmen's compensation court has allowed persons to just remove and destroy papers filed by corrupt attorneys, so that persons who already appeared, filed papers, and were recognized as employers (for example) later reappear and claim that they were ignorant of the cases for years, while the judges “seem” to have amnesia about the whole thing! The IRS and FBI also do not take action against powerful, connected persons.
Real estate (RE) boards do not even open cases when corrupt brokers defraud their clients, despite repeated complaints being made to them. E.g., I know of a $700,000+ judgment obtained after diligent efforts despite the constant bragging of two attorneys representing a certain RE broker that they were so connected that the attorney handling it had better just accept money from them under the table, which was successfully defended on appeal, against a powerful RE broker of the right group, whose attorney basically bragged of his parentage from a member of organized crime.
Nevertheless, when the RE broker's relatives were sued (to whom he had fraudulently transferred his assets and income for years) a member of the right group was appointed to handle the case who eventually revealed his relationship to those two attorneys for the RE broker! During this time, the one, honest judge who had entered the $700,000+ judgment was moved to the court of appeal, so the new judge from the same group as the "connected" lawyers could be put into the case. Those connected lawyers had claimed that they were so powerful that they did not even have to produce documents in response to discovery demands repeatedly, before the honest judge later ordered them to do so.
The new, corrupt LA judge of that same group then reportedly talked to the client improperly, terrified him so he actually, physically shed tears hysterically asking his lawyer to just settle the case while he never ever disclosed the reason, and convinced him to take a settlement sum that was below the value of one of the many houses of that corrupt, RE broker's families that had previously been located and were going to be sold to satisfy that FINAL judgment. After the settlement, the RE authorities (who were supposed to investigate and prosecute brokers and do prosecute brokers who are Hispanic or African American or Muslim or of other poor minorities) never even responded to prior complaints as to the broker.
Also, ALL RECORDS of that corrupt, RE broker's judgment and of other, prior suits against him suddenly DISAPPEARED from LA county superior court and appellate court records! If that RE broker defrauds another of his clients, for which offense he had been sued repeatedly, that newly defrauded client will never be able to prove that there was any judgment for fraud against that RE broker again.
He will be able to claim to a later jury that he never had a fraud judgment entered against him!
He tells the truth? That is truly extraordinary news! LOL
I want to pay this man to teach me everything. He is so good at explaining everything in an understandable way. I guess it makes sense considering he is a professor haha.
Patrick's channel is absolute gold! Everyone should check his work, he is truly an amazing guy.
Interesting
its always fraud that stops somone from succeeding. Your not a criminal but at the same time we dont know you could very well be a criminal……. 2021 it can only get better right??? mmmmmmmmmmmmmk
scheme of things tells it all……. start with bizness ethics
As an Investment Compliance professional who oversees buyside investment processes, the professor misses what enables this phenomenon, borrowing and/or lack thereof, whether it exists in the form of borrowing when shorting, institutional securities lending programs (read a Vanguard prospectus), margin trading, rehypothecation, and the calm water veneer of VaR models in risk management at the clearinghouse and hedge fund. Maybe he'll get there, I"m about 15 min in…
Why did you interrupt Patrick Boyle so often, let him finish his sentences.
The truth doesn’t take 50 minutes.
Very good talk, thank you Patrick for shedding light on the matter from the inside knowledge on operations. What I have a question is why would Robinhood needs the capital if they charge the client as soon as they click purchase so the capital gathering happens from the users themselves?
For it not to be market manipulation, if there is a halt in the market then it must be applied equally to both buying and selling. If the trading halt is not equally applied then the halt is market manipulation. It is criminal.
Halting buying while allowing selling is not halting the market, it is manipulating the market. I question the guests integrity. A market needs buyers and sellers; An honest market must have both selling and buying.
But robinhood is its own clearing house, and the CEO originally stated that it wasn't a funding problem, and then turned around and said it was a funding problem. How can he be trusted now?
HA! The Hedgefund 😈 says the SEC is morally righteousness! Riiiiiight Chad, just like the FBI, Mussad & MI6 are all Saint-Like religious groups!
If you shorted 140% of the outstanding share, which % of this is now considered "naked shortening"?
Accomplished hedge fund founder and professor
Can't buy a 10$ microfone to sound better than the laptop integrated one.
Yeah so these exchanges have troubles with the volatility ? Ok. But then why don't they also block the option to sell the stock ?