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In my humble opinion, and i'm in no way a politician, an economist, a tax expert or any of that, but it seemed to me that, like they were just completely off base on the questions that they were asking um, they really had a specific myopic focus on The payment for order flow, which, like as a reminder, that's been around for like to the best of my knowledge for almost close to two decades. It's why weebles free it's! Why robinhood is free, they're free because well they have to keep their lights on somehow so they're selling our order flow to these other big people like citadel and that's how they make money. I really don't think that that was the issue they. The issue was, i get why there was such a massive increase in the uh, what the clearinghouse wanted as a deposit from robin, and i get that so the question is is like: how did they compute that like? Why was it specific like if people just sold off other songs like? Why was this restriction just on gamestop, and i think there was 12 other securities that were restricted? I just feel like they weren't asking the good questions, and my big fear here is we're going to have more regulations come out of it that are going to impact retail traders like me, like you, um, in a negative fashion, um the big questions i have written Down well, my first question is like: why are they focusing so much on pay for order flow? That didn't seem right, but i think this was such a golden opportunity to clear up questions of how the stock market plumbing works, like explain to us what's going on with the the deposit requirements with the clearinghouse, how what are the technical issues with go right now? We have a two day settlement, t plus two.

What's going on like? Can we go to t plus one quickly? Can we go to same day settlement? We need to have more questions and more understanding of. What's going on uh the one thing that was, it was brought up by one person and we still never got the answer to it. How on god's green earth is there more than a hundred percent float on a stock? If there's only so many shares outstanding? What's going on with this in excess of 100 short, what's going on with all these naked put positions, and i i get that citadel and citadel securities are like kind of two distinct business entities under just that citadel flagship, but also no one was ever asking how Much money were they getting in this whole debacle when they were just selling off calls like they were alluding to the options market a little bit, and i get that it's way way more complex. But i bet citadel itself was very, very worried about all the options that they sold the call options on gamestop like just they thought they were going to collect that premium.

I'm sure that they were scared and i get citadel - doesn't stop talk to citadel communities, but i feel like this was just a clown show run by people who, like, maybe they i like. I would. I would truly like to believe that they have our best interest in heart, but i just don't think they were knowledgeable enough about how our current stock market financial system works and they were just there like. It went off the rails.

So many countless times to the point that, like i almost forgot, we were there listening to something about gamestop and amc, i'm trying to see if any other notes um not really like. I would like to know more about the preferential treatment. That was a good question that they avoided. So if i'm citadel paying for order flow and then do if in order sent through robinhood, are they going to get worse treatment than someone who isn't paying for it? As in like that, they're just going to front run them and make money off of it like that was another evaded question.

There's if on it, if anything, i think that, and i get that this is just stage one and allegedly there's gon na be more information. Coming out about this, but i think that this entire made more questions than answers, and i get that as a community retail investors that were very angry at robin hood. They become the symbol of it. But honestly i i mean i don't know like.

I just feel like we have more and more questions right now to be truthfully, honest, like i, don't know what, if what robinhood did was illegal, if it was just immoral, we don't know and they're not asking the right questions, so i'm hoping um right now. It sounds like there's a new sec chairman coming in because of the new presidency, so hopefully that they'll be on in later one. So they can answer more questions for us, but right now i don't think they did any thing to really help us with resolving the tensions going on between us and robin hood. I don't think they did anything to clear up questions that we have of.

How does this stock market plumbing work? They never answered anything about how we can improve t plus two. What are the pros and cons of that? They didn't talk about the clearinghouses. I mean right now. The clearinghouses are a huge thing: they're the people that came to robin hood and say hey, you need to cut that out.

We need a lot more money. You need to cut down your risk. They weren't there at all. They weren't there to answer questions right now.

The big summary of it is like um, i can't say i'm surprised. Whenever it comes to politics, it seems like we're always kind of lit down um, and this is just another case of it. I mean it is obviously very very disheartening uh because you always hope for a glimmer of hope that something else better will come out of it, but this just looks par for the courses, especially for us politics. The questions didn't make sense.

No good questions were asked and we're just sitting here waiting to see what happens and in the end i think they're there pandering to their constituents, so they can get more votes and then, after that, they're just going to wait for this to die out of the News cycle and they're just going to hop onto the next thing, because they're worried about keeping their own position um. My gut instinct, is that they're not there fighting for retail traders. Unfortunately, maybe some of them are there and i'm just misreading the situation, but my gut is telling me that their hair they're here to they know a lot of people were tuning into this one um. I think they're, the the one guy said that uh you don't let a a crisis go to waste.

I think they're here getting their self like face, face, recognition, time, recognition and then they're gon na move on to the next thing um. I i truly do hope. I'm wrong: i hope that more answers come out of it. I hope that there is someone truly fighting for the retail investor, i'm not saying that it has to be fair across the board.

I'm just saying it has to be equal between us and wall street. That's what i want at the end of the day, but, of course, as more and more information comes out of this particular storyline i'll make sure to keep you updated. Hopefully, something positive does come from all this. You.

25 thoughts on “My thoughts: roaring kitty vs congress vs the suits wsb gme aftermath”
  1. Avataaar/Circle Created with python_avatars Paul R. says:

    Matt, I totally agree with everything you said. Many questions left unanswered. What's with 140% short? How did that happen and who was naked? What's the secret with short positions anyways? Let's have some transparency there. We see all the trades daily….then break down the shorts and longs daily….not every two weeks for a short report that is old news.

  2. Avataaar/Circle Created with python_avatars Susan L. - Drive West Investments says:

    EXACTLY! MORE REGULATIONS! The stupid Reditt guys f*cked everything up for the rest of us. I didn't touch Gamestop or AMC with a 100 foot pole. Its probably some inside government job to give an excuse to control retail investors.

  3. Avataaar/Circle Created with python_avatars David Davis says:

    And, what about hedge funs and short ladder attacks that Krammer is famous for?

  4. Avataaar/Circle Created with python_avatars Moses E says:

    DFV was the only person who was questioned that was a human lol

  5. Avataaar/Circle Created with python_avatars Moses E says:

    I think the reason they/we don't go from t2 to t1 or same day settlement is because if they did it immediately they wouldn't be able to continuously drain and be involved in the market the way it is now – that they fully understand and have been used to this. When we change the trading settlement system they'll have to move on and learn how to cheat us out of that.

  6. Avataaar/Circle Created with python_avatars Greg Men says:

    i have the feeling its legit over, i just bought another 30 shares and will hold onto them, but i dont really belive anything is coming from it. what do you guys think?

  7. Avataaar/Circle Created with python_avatars Kingj42j says:

    They were asking them some of the dumbest questions. This is exactly how these guys won’t be held accountable and they’ll try to crack down on retail traders when all the big players are the criminals.

  8. Avataaar/Circle Created with python_avatars englewoodranger7 says:

    Agree. Congressional hearings have always been and will be all about harnessing the news media spectacle for the Congress person's self interest and preservation. In the end it'll be the retail investor who suffers and big money Hedgies will win at our expense.

  9. Avataaar/Circle Created with python_avatars obayed haque says:

    They are there to help the "Elite" not to serve the people.

  10. Avataaar/Circle Created with python_avatars Sean Porter says:

    Geez nice intro graphics

  11. Avataaar/Circle Created with python_avatars Kong Yu says:

    There's proof cropping up that alot of the congress people were paid off by citadel, no wonder they were lobbing softball questions

  12. Avataaar/Circle Created with python_avatars SwayBack says:

    DFV: “I am not a cat”

    Me: no, you’re a legend

  13. Avataaar/Circle Created with python_avatars TheFilthyMob says:

    Welcome to the US Senate bud. They gave them self a five minute talk time because that's just enough time to talk just enough shit to sound concerned but not say anything real at all. If any of the "real" questions got answered they would all be in super deep shit. Its why no one answered except DFV. He was the only person there that had nothing to lose, hence the straight answers.

  14. Avataaar/Circle Created with python_avatars Andrew Henderson says:

    This is the same thing that happens every time politicians who know nothing about anything try to make it look like they care.

  15. Avataaar/Circle Created with python_avatars jim121272 says:

    The problem, as usual, is that you have legislators who attempt to make laws on subject matter (case in point: firearms) that they don't even understand. It winds up being nothing more than political theater, much like Tlaib's nonsensical rant today, where she proposed a very ill-conceived scheme to fund social welfare programs with taxes on stock trades. How those taxes would even be calculated, let alone properly distributed, is anybody's guess, and is just another socialist attempt at "wealth redistribution."

    Anytime the socialists see vast amounts of money changing hands, it's immediately viewed as a taxable revenue stream and a panacea for all the social issues of society. "If we could just get a tiny piece of that action, then all our problems will be solved!" Which, of course, is total bullshit.

  16. Avataaar/Circle Created with python_avatars ohcrap2222 says:

    Yeah they don't even understand social media, there profession in PR and they don't understand that either.

  17. Avataaar/Circle Created with python_avatars Rektum 801 says:

    You the man Matt. I can see the emotion in your eyes… Don't let this Stock/Youtube stuff make ya lose sleep, or you will lose those good looks! You are a true Space Ape. 2 tha moon

  18. Avataaar/Circle Created with python_avatars Lucky Hit Productions says:

    It was abundantly clear sir that not one of these politicians understood the stock market one iota. Great videos great live streams and you're right!! They definitely seem to be on a mission 2 regulate us even more. Like they need to protect us? From ourselves ? Personal responsibility just like you say don't spend money that you can't afford to lose.

  19. Avataaar/Circle Created with python_avatars Nicholas Khan says:

    Definitely proud of DFV man, he held his ground and answered all his questions appropriately, hopefully they can shed some more light on this whole situation and really see all the harm the market minipulation is contributing to!!

  20. Avataaar/Circle Created with python_avatars Jen Spencer says:

    What the bloody hell happened to Tilray today???

  21. Avataaar/Circle Created with python_avatars Stephen Velasco says:

    We need Matt Korhs as an expert to help congress ask the right questions! Keep up the great work buddy.

  22. Avataaar/Circle Created with python_avatars Adam Rutherford says:

    Of course it was gonna be a clown show. Every hearing political hearing is

  23. Avataaar/Circle Created with python_avatars soadsam says:

    daaang matt i see you with that intro

  24. Avataaar/Circle Created with python_avatars David Knight says:

    The questions were lobbed softballs. Pathetic

    What did we really expect?
    Freedom is just a word.

  25. Avataaar/Circle Created with python_avatars Ash says:

    It was political rather then informative. Unfortunately thats the case with everything now.

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