luckily 30 second skip works wonders on the podcasts

agree with you that the "expert" just sounded like a loon. he was proud of his don gibson pitching to little leaguers analogy since he used it 4 times during his rambling responses.

good story on how Kurt Warner the HoFer lucked out and didnt become a bear

Hah yeah that too.

_________________
Hawaii (fuck) You

The merch is essential if you're going to be a Barstool and be comfortable with the type of controversy that makes ad buyers skittish.

_________________
“When I walked in this morning, and saw the flag was at half mast, I thought 'alright another bureaucrat ate it.'" - Ron Swanson

PMT interview with Canseco was fantastic. Billy looking like a guy on his way to a severe concussion...

_________________

Jose Canseco is still a little b*tch but damn that Shizzat KO in an earlier fight.

Shizzat put him to sleep before hit hit the canvas. He was out for several minutes, he probably still doesn't know what day it is

_________________
“When I walked in this morning, and saw the flag was at half mast, I thought 'alright another bureaucrat ate it.'" - Ron Swanson

Canseco's dive last night was worse than Liston in Lewistown.

_________________
Anybody here seen my old friend Bobby?
Can you tell me where he's gone?
I thought I saw him walkin' up to The Hill
With Elon, Tulsi, and Don

_________________
Why are only 14 percent of black CPS 11th-graders proficient in English?

Just received an email that this has shipped. I’ll make sure to wear it anytime I’m visiting CVS in Aurora

_________________
Proud member of the white guy grievance committee

It aint the six minutes. Its what happens in those six minutes.

Sir, this is what we on the internet call an Epic Win. I doff my cap to you my fine gentleman.

_________________

Does this count as a snuff film? Need to know before JLN starts a thread calling for my banning

_________________
“When I walked in this morning, and saw the flag was at half mast, I thought 'alright another bureaucrat ate it.'" - Ron Swanson

"worst days of the year" snake draft on The Dog Walk today

https://podcasts.apple.com/us/podcast/t ... agodogwalk

_________________
“When I walked in this morning, and saw the flag was at half mast, I thought 'alright another bureaucrat ate it.'" - Ron Swanson

The Burrata Gang vs Red Ed rivalry is becoming a favorite of mine

_________________
“When I walked in this morning, and saw the flag was at half mast, I thought 'alright another bureaucrat ate it.'" - Ron Swanson

Portnoy playing blackjack live on the podcast at $5,000 per hand was moderately entertaining.

_________________
Hawaii (fuck) You

I don't think he won a single hand.

_________________
“When I walked in this morning, and saw the flag was at half mast, I thought 'alright another bureaucrat ate it.'" - Ron Swanson

I thought he won the first one. Eddie has the perfect style for interviewing Dave. The show is quite silly, but I absolutely love it.

_________________
Hawaii (fuck) You

Good Dave Portnoy Show this week

https://youtu.be/p0_ZSbfmqXc

Also, Red Ed is at it again with his dictatorial rule of the DogWalk draft leaving WSD off of the poll once again despite arguably having the strongest draft.

_________________
“When I walked in this morning, and saw the flag was at half mast, I thought 'alright another bureaucrat ate it.'" - Ron Swanson

_________________
“When I walked in this morning, and saw the flag was at half mast, I thought 'alright another bureaucrat ate it.'" - Ron Swanson

It’s not a matter of them inventing it, and they are not claiming patent protection. It is a trademark. People use generic language and symbols for trademarks all the time. Given that they are in the same business, there may be a legal issue if Barstool violates it. But I do not see how Tweeting that out would cause the type of brand confusion required to be a trademark violation.

_________________
Hawaii (fuck) You

_________________
You do not talk to me like that! I work too hard to deal with this stuff! I work too hard! I'm an important member of the CSFMB! I drive a Dodge Stratus!

How was dave vs the robinhood ceo tonight?

Just listened to it. Both guys were very calm. I think Vlad explained it as best he could, and Dave just did not agree with the responses. I think Dave’s solution of freezing the stock is not feasible. The exchanges do that, not individual firms. If Robinhood froze all trading, then customers could not have sold. Unless all firms froze trading, Robinhood customers would have been stuck watching the stock fall with no way out.

_________________
Hawaii (fuck) You

so who all of a sudden jacked the collateral requirements that forced RH to halt buying? i assume that action was done knowing full well that RH and the other shops that reddit retail investors use didnt have the liquidity to cover the requirements? that part of the story i havent read much about yet

It was DTCC, but the fact that gets glossed over is that the only reason the collateral requirements got jacked is because of customers who were buying on margin (or, to a lesser extent, short selling, but I don't think that's a big part of RH's clientele). For a customer who wanted to buy GameStop and had the funds in his account to pay for the stock fully, there was ZERO risk to RH and they should not have prevented the customer from doing so. RH should admit that they put restrictions on their responsible customers because of the reckless actions of their other customers as well as not having enough cushion as a broker to pay for spikes in the collateral requirements. In fact, RH was able to get DTCC to lower the requirement from $3b to $1.3b simply by promising to halt any new buy orders in GME. They can claim that prevented a meltdown, but it was their own fault.

_________________

It was a one in 3.5 million event according to Vlad in their risk models. Aside from things like the flash crash, I cannot recall anything like it in an actual stock. Even the dot com laddering bubble was not that crazy.

Regardless of whether people like it or not, financial institutions do not have unlimited excess capital. They use value at risk models to hold a cushion, and they typically hold three deviations or more from the mean. The problem is that black swan, fat tail events like this happen more often than any model can predict.

_________________
Hawaii (fuck) You

But there is no risk at all for letting users who already have money in their account from purchasing a stock. Add in the fact that they didn't stop all buying of all stocks. They targeted specific stocks.

_________________
You do not talk to me like that! I work too hard to deal with this stuff! I work too hard! I'm an important member of the CSFMB! I drive a Dodge Stratus!

The funny thing is that Citadel, which had just injected a couple billion into Melvin and now had a large stake in that company, could easily have kicked in a billion or three to RH for them to meet their DTCC calls, but despite already being a partner with RH (payment for order flow representing 40%+ of RH's revenue), they knew if they did that, Melvin was toast. So Griffin let RH twist in the wind and told Vlad to make DTCC the scapegoat.

_________________

Jaw, two things regarding Citadel?

1) Would the SEC and anti trust regulators have let them take a material stake in Robinhood?
2) How would Robinhood’s competitors that also use Citadel have reacted to such a strategic investment?

They raised $1B in a night. I think the Citadel thing would have slowed that down. And Citadel raked the hedge fund over the coals for that capital. Robinhood would not have wanted that big of a dilution for such a temporary liquidity issue.

_________________
Hawaii (fuck) You

Good questions...but I think it's wrong that RH took the easier way out in limiting purchases (even to customers who had plenty of funds to buy), rather than seek funding to pay the full collateral call that was due.

_________________

Big strategic mistake for sure given all the blowback. But that level of capital getting raised in a hurry has a huge dilutive cost. Plus, what if the market kept exploding for another week, exponential as Vlad explained on the Portnoy interview? You cannot model the potential capital needs.

How much do they raise?

It is an interesting situation. And lots of layers to it.

_________________
Hawaii (fuck) You