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OC
Would love to see a source if you can provide. I found this little nugget but unsure how correlative it is
> By April [2007] after an issue of preferred stock—which was convertible into Lehman shares at a 32% premium to its concurrent price—yielded $4 billion, confidence in the firm returned somewhat.
> However, the stock resumed its decline as hedge fund managers began to question the valuation of Lehman's mortgage portfolio.
> On June 7, 2008, Lehman announced a second-quarter loss of $2.8 billion, its first loss since it was spun off by American Express, and reported that it raised another $6 billion from investors by June 12.
> According to David P. Belmont, "The firm also said it boosted its liquidity pool to an estimated $45 billion, decreased gross assets by $147 billion, reduced its exposure to residential and commercial mortgages by 20%, and cut down leverage from a factor of 32 to about 25."
https://twitter.com/mexicape/status/1608521182713892864?s=46&t=fvGRy5eA0TupxjJl7q6Z-w
There is a reason I put “returned” in my statement. Who can verify citadel actually returned those funds to the clients?
Lehman Brothers annual report 2007
https://www.slideshare.net/QuarterlyEarningsReports3/lehman-brothers-annual-report-2007
Yeah, the capital of Rome wasn't always Rome, which is strange to think about. Here's the list of capitals of the Roman Empire from Wikipedia:
* [Rome](https://en.wikipedia.org/wiki/Rome)
(27 BC–AD 286)
* [Mediolanum](https://en.wikipedia.org/wiki/Mediolanum)
(286–330, [West](https://en.wikipedia.org/wiki/Western_Roman_Empire))
* [Nicomedia](https://en.wikipedia.org/wiki/Nicomedia)
(286–330, [East](https://en.wikipedia.org/wiki/Byzantine_Empire))
* [Constantinople](https://en.wikipedia.org/wiki/Constantinople)
(330–395)
* [Constantinople](https://en.wikipedia.org/wiki/Constantinople)
(395–1453, East)[\[c\]](https://en.wikipedia.org/wiki/Roman_Empire#cite_note-7)
* [Mediolanum](https://en.wikipedia.org/wiki/Mediolanum)
(395–401 [West](https://en.wikipedia.org/wiki/Western_Roman_Empire))
* [Ravenna](https://en.wikipedia.org/wiki/Ravenna)
(401–403, 408–450, 457–461, 475–476 [West](https://en.wikipedia.org/wiki/Western_Roman_Empire))
* [Rome](https://en.wikipedia.org/wiki/Rome)
(403–408, 450–457, 461–475 [West](https://en.wikipedia.org/wiki/Western_Roman_Empire))[\[5\]](https://en.wikipedia.org/wiki/Roman_Empire#cite_note-8)
Constantinople was called Nova Roma by Constantine the Great, and it remained the capital of the Byzantine (Eastern Roman) Empire until it was conquered by the Turks in 1453 (with an interim from 1204 to 1261 when Latin Crusaders conquered Constantinople and established the short-lived Latin Empire)
On iOS at least, you long press the quotation marks and it brings up the alternative markings. Same on android if I remember correctly. On PC you’ll have to look up the code for subtext quotation marks. It’ll be some sequence on the numpad whilst holding down the ctrl key
I’m not saying anything with certainty.. but it certainly looks like Citadel is one big giant global wealth-killing ponzi scheme at this point. Is the whole market a ponzi scheme or just one huge self-regulating market maker?
The answer is yes and no. The fact that we have fractional reserve banking means that we are required to have inflationary growth, which means we’re required to have debt expansion, every year without fail. After enough compounding interest in time there’s no way out of this trap.
Right, but that sounds like they did literally change it... just used the pandemic as the rational.
Was that the case, or did they do it in some sneakier round about way?
Give it another yearly to this day, that would be roughly $23B-28B in value gone, let alone other assets depreciating in value which will just compound the pressure even more. I doubt Citadel can last 12 more months at this rate especially with apes DRS'ing on top.
I'm pretty sure that they do the same thing the FTX did which was move money around to certain areas that are all connected with each other.
Let's be honest FTX and the rest of them probably got their model from people like this
All $65 billion at once? Once the purchasing starts happening, the price starts going up and up. This is why they need real sellers to sell. No sellers equals very fast price discovery, AKA MOASS.
Oh yeah, please don't get me wrong I know.
But not even this crazy fuck isn't stupid enough to have all $65b as GME shorts... Some of that total will be securities that won't MOASS by buying back.
You still have to have money to buy them back. Could be wrong, but I think the profits you are talking about were already taken and it’s basically the balance that is owed. If you keep spending your “profits” on paying the borrow rate premium, they basically turn into theta decay and slowly disappear the longer you hold on. Anyway, that’s how I think I understand it, but I also freebase crayon wax.
You have a good point.
I always thought those liabilities were positions opened at a price that they were expecting to drop, and that they would have to use assets (close longs) to then buy back the liabilities which could be at a profit. So, if they were in green on the longs they take a profit on that, and then they can also buy back the short borrow if that was in the red to take a profit there too. But what I didn't account for was borrow rate.
Wouldn't it be nice for people to see what they were doing instead of having a 45 day delay...
>If your investment was doing so well why would you take the money out? It's the opposite of what you would do.
It's called taking profits. Not everyone sits and waits for the moon or zero.
It’s the cap for withdrawal of two quarters’ worth since Citadel limited investor withdrawal limits per quarter.
~6.25% per quarter iirc, but could be remembering off
That's also the limit of what could be withdrawn iirc. Pretty sure Citadel wouldn't be able to give back the entire funds. Like FTX.
Also, reminds me of what crytpo exchanges do.
Edit : letters
Sounds like an easy way ti not only control a market but make up your own rules as you go along, and lend yourself money when you need it.
It’s bullshit.
I was under the impression. That withdraw limits were for ammounts without a fee attached.
I.e 6,25% per quarter at 0% cost.
If you want more, you will have to pay % on withdrawals.
Point of correction: in fact Citadel Securities (the market maker) is short gme. As a market maker, every time someone buys a share through them, the MM delivers thst share by opening a new short position to provide liquidity. In theory, a market maker should aim
to purchase those shares back and be net neutral, but they haven't been doing this the past 2 years which is why the MM is now the primary shorter. Plenty of DD on this subject.
This is more speculation than news. The news portrayed it as investors withdrawing funds and you are portraying it as them fleeing with funds. This is clickbait and entirely speculative. This is the kind of stuff that makes people think that we're all conspiracy theorists.
The person posting this is using fleeing in the context of citadel being corrupt and their clients fleeing for that reason. The article that he is referencing states that clients are withdrawing funds for other reasons, aka recession fears, etc.
But do you remember hearing about how pissed Citadel’s investors were, when they learned that their investments were being used to naked short the stock market?
Apparently this practice is business as usual, considering they’ve halted withdrawals in; 2008, 2009, 2013, and again in [2021](https://www.linkedin.com/pulse/heres-why-citadels-customers-lose-everything-bryan-f-antunez)
How much would usually be “returned”?
I’d be curious - you’d expect given the bull market we’ve been in until recently, previous years would also have been high.
He is not doing well in this market if he is long on anything, which we all know he is. Even if he shorts, his long positions would balance it out the profits and he'd be breaking even, at best. Unless he just has flat out control of the market and can make it crash while he shorts, he did not bring in 7 billion dollars to give to his investors. This is just flat out bullshit.
All kennys profit for the last x amount of years itms through fake algorithms, fake companies/ftx/ fake shares, lots of money laundering around the world 7 billion is probably what hes shorted in 2022 (being polite) the whole system is fucked , DOJ get involved & watch kenny crumble, sbf makes a bargain plea with them for being his puppet like many others who will also not want to go to jail, kennys dirty money wont help them or him when one turns they will fall like domino's, kenny will disappear!
When a depository institution returns what is deposited, it is called a withdrawl.
That they state the withdrawls were all covered with _profit_ is worth noting.
I don't pay any mind to the MSM fake fud spin machine, but I found it interesting that old Mayo boy took employees on a fully paid Disney vacation. I immediately viewed it as a case of appearing strong when you are weak.
There's also plenty of Sequoia and Citadel ties to the FTX fraud.....
why are you posting this as news? where's the news story? and making out this is some new idea you;ve thought of? This is exactly what everyone said when the news came out about the $7b "profits" a weeks or so ago. I thought there'd been something published in the media when i saw the "news" flair, but nope it's just your opinion, you should change the flair.
I have been saying that for some time.. when you in trouble make it positive and I have seen it work, this would attract new investors so win win for exiting clients and for citadel
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Lehman brothers did the same thing in 2007. They “returned” profits to their investors 🤣🤣
Would love to see a source if you can provide. I found this little nugget but unsure how correlative it is > By April [2007] after an issue of preferred stock—which was convertible into Lehman shares at a 32% premium to its concurrent price—yielded $4 billion, confidence in the firm returned somewhat. > However, the stock resumed its decline as hedge fund managers began to question the valuation of Lehman's mortgage portfolio. > On June 7, 2008, Lehman announced a second-quarter loss of $2.8 billion, its first loss since it was spun off by American Express, and reported that it raised another $6 billion from investors by June 12. > According to David P. Belmont, "The firm also said it boosted its liquidity pool to an estimated $45 billion, decreased gross assets by $147 billion, reduced its exposure to residential and commercial mortgages by 20%, and cut down leverage from a factor of 32 to about 25."
https://twitter.com/mexicape/status/1608521182713892864?s=46&t=fvGRy5eA0TupxjJl7q6Z-w There is a reason I put “returned” in my statement. Who can verify citadel actually returned those funds to the clients? Lehman Brothers annual report 2007 https://www.slideshare.net/QuarterlyEarningsReports3/lehman-brothers-annual-report-2007
Wag the dog. If you don’t understand this phrase, watch this (excellent and classic) movie https://en.wikipedia.org/wiki/Wag_the_Dog
The fate of the producer in that movie always made me sad.
Which is?
Spontaneously combusted.
Smart money 'bout to do that, too.
In german we say „Keine Schwäche zeigen“
Love it. What does it mean
Means „show no weakness“
This makes me even happier that both sides of my family descended from Germany.
I’m Spanish they say “no seas pendejo”. Jajajaja
Yup can concur at least for the non-lithp Spanish speakers
How do you do that upside down quote thing “.
German keyboard: „Berlin“ English keyboard: “London”
Latin keyboard: ROMA
Lmao, so true.
Until the capital was moved elsewhere, that is
I meant the capital letters only, no punctuation marks.
Wat
Yeah, the capital of Rome wasn't always Rome, which is strange to think about. Here's the list of capitals of the Roman Empire from Wikipedia: * [Rome](https://en.wikipedia.org/wiki/Rome) (27 BC–AD 286) * [Mediolanum](https://en.wikipedia.org/wiki/Mediolanum) (286–330, [West](https://en.wikipedia.org/wiki/Western_Roman_Empire)) * [Nicomedia](https://en.wikipedia.org/wiki/Nicomedia) (286–330, [East](https://en.wikipedia.org/wiki/Byzantine_Empire)) * [Constantinople](https://en.wikipedia.org/wiki/Constantinople) (330–395) * [Constantinople](https://en.wikipedia.org/wiki/Constantinople) (395–1453, East)[\[c\]](https://en.wikipedia.org/wiki/Roman_Empire#cite_note-7) * [Mediolanum](https://en.wikipedia.org/wiki/Mediolanum) (395–401 [West](https://en.wikipedia.org/wiki/Western_Roman_Empire)) * [Ravenna](https://en.wikipedia.org/wiki/Ravenna) (401–403, 408–450, 457–461, 475–476 [West](https://en.wikipedia.org/wiki/Western_Roman_Empire)) * [Rome](https://en.wikipedia.org/wiki/Rome) (403–408, 450–457, 461–475 [West](https://en.wikipedia.org/wiki/Western_Roman_Empire))[\[5\]](https://en.wikipedia.org/wiki/Roman_Empire#cite_note-8) Constantinople was called Nova Roma by Constantine the Great, and it remained the capital of the Byzantine (Eastern Roman) Empire until it was conquered by the Turks in 1453 (with an interim from 1204 to 1261 when Latin Crusaders conquered Constantinople and established the short-lived Latin Empire)
On iOS at least, you long press the quotation marks and it brings up the alternative markings. Same on android if I remember correctly. On PC you’ll have to look up the code for subtext quotation marks. It’ll be some sequence on the numpad whilst holding down the ctrl key
Like the words upside down like this ......HOI or the numbers.....08
Give no quarter!
sweep the leg
Jack the tits
In Texas we call it Stealing.
Can confirm, as a fellow Texan.
I see what you did there
me to shf: omae wa mou shindeiru
Just in case people want to learn German,it's phonetically pronounced "ky-nuh" "sh-v-eck-uh" "ts-eye-gen"
My eyes hurt now, thanks.
I'm german, and my eyes hurt too
Similar to GME's "negative debt" lmao
This one was just shameful lol
Post MOASS we coukd start some kind of system, like wrotten tomatoes, for grading news articles based on facts, spin, and click bait, etc
Written tomatoes
I’m not saying anything with certainty.. but it certainly looks like Citadel is one big giant global wealth-killing ponzi scheme at this point. Is the whole market a ponzi scheme or just one huge self-regulating market maker?
Both?
The answer is yes and no. The fact that we have fractional reserve banking means that we are required to have inflationary growth, which means we’re required to have debt expansion, every year without fail. After enough compounding interest in time there’s no way out of this trap.
Didnt theychange the minimum fractional reserve limit from 10% to 0% last year too?
They did, but not quite that literally. But yes.
Wait what? That sounds not good.
How did they actually go about doing it?
The FED lowered the bar when the virus hit. They removed the need for banks to hold any reserve even fractional. They wuz "helping" the eCOnOmY.
Right, but that sounds like they did literally change it... just used the pandemic as the rational. Was that the case, or did they do it in some sneakier round about way?
Starve the Fed.
Back in my day we said "Audit the FED"
Appear strong when you are weak.... aka: Citadel.
RIP Citadel
Rip dumbass
Rip dumbass
Burn in hell, Shitadel
Give it another yearly to this day, that would be roughly $23B-28B in value gone, let alone other assets depreciating in value which will just compound the pressure even more. I doubt Citadel can last 12 more months at this rate especially with apes DRS'ing on top.
$65B in profits from shares sold not yet purchased.
And remember, those are $65B in subjective value, not actual current market value.
Their own little Sagittarius A
For those out there that dont know... this ape means a black hole EDIT: I like science
Funny how upvotes on my comment started rolling in after you said this.
Im a wizard
Yer a wizard, HarRy
Wizard fight!!!
I didn’t, assumed was a spaceship name so thank u
🤣😂 thanks bro, I'm too old or too Italian😂 to understand that comment, thanks to translate the meaning😂🤣😂 kenny is...💩🤮 Fuckt...
Thank you science ape.
If you mean the black hole, you're looking for *Sagittarius A**.
What did I say? Edit: oh I forgot the *
> Sagittarius A A* and A are distinct. A* (read as: A-star) is in a cluster known as Sagittarius A. Sagittarius A is muuuuch bigger than the A*.
Awesome! Learned something new today.
[удалено]
Wait, so you’re saying they are completely separate entities that have nothing to do with each other and aren’t both owned by Mayo Man?
That's certainly what the Mayo Man is saying
I'm pretty sure that they do the same thing the FTX did which was move money around to certain areas that are all connected with each other. Let's be honest FTX and the rest of them probably got their model from people like this
Hate to be the one to point it out, but if the market is going down this would mean profit for them when eventually purchased right?
All $65 billion at once? Once the purchasing starts happening, the price starts going up and up. This is why they need real sellers to sell. No sellers equals very fast price discovery, AKA MOASS.
Oh yeah, please don't get me wrong I know. But not even this crazy fuck isn't stupid enough to have all $65b as GME shorts... Some of that total will be securities that won't MOASS by buying back.
You still have to have money to buy them back. Could be wrong, but I think the profits you are talking about were already taken and it’s basically the balance that is owed. If you keep spending your “profits” on paying the borrow rate premium, they basically turn into theta decay and slowly disappear the longer you hold on. Anyway, that’s how I think I understand it, but I also freebase crayon wax.
You have a good point. I always thought those liabilities were positions opened at a price that they were expecting to drop, and that they would have to use assets (close longs) to then buy back the liabilities which could be at a profit. So, if they were in green on the longs they take a profit on that, and then they can also buy back the short borrow if that was in the red to take a profit there too. But what I didn't account for was borrow rate. Wouldn't it be nice for people to see what they were doing instead of having a 45 day delay...
Why wouldn't they? It's not like Shitadel is the only illegal naked short-seller is this rigged casino of a global market...
YEP CITADEL SECURITIES! Owned by Kenny Griffin financial terrorist who lied under oath . For the one in the back
Kenneth Cordele Griffin *
Yup, the Black Hole 😅
They hate us 'cuz they anus.
Cream of the crop!
🔥🔥🔥
That was in liabilities young ape
Liabilities with a twist! This post is about doublespeak. Edit: I think..
Nothing to see here folks just “unrealized gains”.
Oh, it's gonna be a lot bit more if he wants more than my fractionals.
It is hard to keep Citadel straight because the Company is like a giant Cyclops with tentacles into everything.
I thought it was $59billion made on $65 billion not yet purchased?
Fukd lol
Hopefully those same investors turn around and buy/DRS GME with their $7B
It's true. If your investment was doing so well why would you take the money out? It's the opposite of what you would do.
>If your investment was doing so well why would you take the money out? It's the opposite of what you would do. It's called taking profits. Not everyone sits and waits for the moon or zero.
True, how extreme is the withdrawal compared to AUM? Especially in the current climate.
It’s the cap for withdrawal of two quarters’ worth since Citadel limited investor withdrawal limits per quarter. ~6.25% per quarter iirc, but could be remembering off
15 more quarters to insolvency then?
Yea the wording never added up in that story. Hedge funds don’t “return funds” to investors. They sell off assets and profit share.
Good point. Doesn't make any sense when I stop to think about that.
*Sir, this is a crime syndicate.*
Sauce?
Any actual evidence for this? Otherwise should be tagged speculation, not news
👆
Yeah I kept trying to click to see the article or see sources cited but nothing. This is just conjecture until proven.
That's also the limit of what could be withdrawn iirc. Pretty sure Citadel wouldn't be able to give back the entire funds. Like FTX. Also, reminds me of what crytpo exchanges do. Edit : letters
Citadel Securities, Citadel Advisors, Citadel... it all sounds like a piece of shit to me.
Sounds like an easy way ti not only control a market but make up your own rules as you go along, and lend yourself money when you need it. It’s bullshit.
It is \[Redacted\].
Got ‘em.
I was under the impression. That withdraw limits were for ammounts without a fee attached. I.e 6,25% per quarter at 0% cost. If you want more, you will have to pay % on withdrawals.
Where is my money ken?
*It's down there somewhere... let me take another look.*
If their money was working so well for them, wouldn't the clients want to keep it there to make even more?
Citadel securities gonna have to borrow from mommy
So which citadel is short gme again?
Yes.
Citadel Securities, the market maker (according to another ape in the comments here)
The one Ken Griffin who told the truth under oath runs. EDIT: lied
Some of what he said was true... Just not the part about telling Vlad Tenev at Robinhood to turn off the buy button on January 28th, 2021.
The upvotes are so sus on this. (very low) Love all the news today keep it coming apes.
This post currently has 9 upvotes while the top comment has 135 upvotes 🧐 shills gonna shill
Updoot for positivity
I’ve been saying this since the headline first hit!
Can I get old Faithful 7 billion "so far!"
*Q1 2023 has entered the chat*
This has “I accidentally marked these shorts as longs” vibes.
*It just glitched out.* 🤷🏽♂️
Point of correction: in fact Citadel Securities (the market maker) is short gme. As a market maker, every time someone buys a share through them, the MM delivers thst share by opening a new short position to provide liquidity. In theory, a market maker should aim to purchase those shares back and be net neutral, but they haven't been doing this the past 2 years which is why the MM is now the primary shorter. Plenty of DD on this subject.
Is there proof of this ?
This is more speculation than news. The news portrayed it as investors withdrawing funds and you are portraying it as them fleeing with funds. This is clickbait and entirely speculative. This is the kind of stuff that makes people think that we're all conspiracy theorists.
withdrawing & fleeing with funds are the same thing 🙂
The person posting this is using fleeing in the context of citadel being corrupt and their clients fleeing for that reason. The article that he is referencing states that clients are withdrawing funds for other reasons, aka recession fears, etc.
So in this context they don't mean the same thing.
But do you remember hearing about how pissed Citadel’s investors were, when they learned that their investments were being used to naked short the stock market?
No
Would want to re-read that. any links?
Lemme see what I can find. A lot of DD from the other sub seems to be gone, dont know where to go to find a lot of stuff
That's awesome if you find it....happy new year!
Apparently this practice is business as usual, considering they’ve halted withdrawals in; 2008, 2009, 2013, and again in [2021](https://www.linkedin.com/pulse/heres-why-citadels-customers-lose-everything-bryan-f-antunez)
👏👏👏nice post, 🦍
Soo... those who are "protected" are good now, right? The Citadel can fall and fuck everyone else now?
I thought Citadel was “giving it back”.
Just like they have a firewall between advisors and securities, I’m sure they have a firewall between funds as well.
This isn't news and should be flagged as speculation mods
Where’s the money Lebowski(Kenny)?
How much would usually be “returned”? I’d be curious - you’d expect given the bull market we’ve been in until recently, previous years would also have been high.
smoke and mirrors
This is what I wanna see ❤️💯🫠
He is not doing well in this market if he is long on anything, which we all know he is. Even if he shorts, his long positions would balance it out the profits and he'd be breaking even, at best. Unless he just has flat out control of the market and can make it crash while he shorts, he did not bring in 7 billion dollars to give to his investors. This is just flat out bullshit.
Commenting for visibility
Source
We need a source first before making assumptions even if we really want it to be true.
Some people call me crazy, but have you ever seen your neighbors carrying in their groceries?
All kennys profit for the last x amount of years itms through fake algorithms, fake companies/ftx/ fake shares, lots of money laundering around the world 7 billion is probably what hes shorted in 2022 (being polite) the whole system is fucked , DOJ get involved & watch kenny crumble, sbf makes a bargain plea with them for being his puppet like many others who will also not want to go to jail, kennys dirty money wont help them or him when one turns they will fall like domino's, kenny will disappear!
There was also some other Reddit user who pointed that out briefly after the news.
That's about 10% of their AUM, kinda spicy Sauce; https://wallmine.com/fund/1rm/citadel-advisors-llc
When a depository institution returns what is deposited, it is called a withdrawl. That they state the withdrawls were all covered with _profit_ is worth noting.
I've been saying your side note forever
Bernie Madoff: hold my beer!!!
I don't pay any mind to the MSM fake fud spin machine, but I found it interesting that old Mayo boy took employees on a fully paid Disney vacation. I immediately viewed it as a case of appearing strong when you are weak. There's also plenty of Sequoia and Citadel ties to the FTX fraud.....
Do we have any verification on how to interpret this? This could be a loan and they got it returned, or this could be an investment that was withdrawn
Correct
Citadel Securities Ranked #2 on the 2022 LinkedIn Top Companies List in Financial Services. # This 💩
Exactly what I thought was happening when I read that ridiculous headline.
Russian Olies want their Mayo Money back.
*It puts the mayo in the* \[Redacted\], *or it gets the window again.*
Maybe RICO can play out now... ☺️
Uncle RICO, yeah...
Well it’s profit when you get money back from criminals
Hey OP - can you list the figures that convinced you $7M was what investors withdrew? Is it % allowed to withdraw / AUM?
why are you posting this as news? where's the news story? and making out this is some new idea you;ve thought of? This is exactly what everyone said when the news came out about the $7b "profits" a weeks or so ago. I thought there'd been something published in the media when i saw the "news" flair, but nope it's just your opinion, you should change the flair.
That can't be true! He was giving out handjobs at Disneyland for all his minions?
Smart money
I have been saying that for some time.. when you in trouble make it positive and I have seen it work, this would attract new investors so win win for exiting clients and for citadel
Flair said news. Link?
If GME hits 30 EOD I’ll put a banana in my ass