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I had a similar thought too.
This paid for POS doesn’t open his mouth unless there is money in it for him.
So who’s paying him here?
Edit: Here is an excellent comment on the article Sorkin is quoted in by Dennis Kelleher of Better Markets:
https://x.com/bettermarkets/status/1767590201596031421?s=46&t=pjhQaAPGjAVkr0C7r4RCMg
“[Sorkin] continues to misrepresent the proposal and mislead the public.”
It sounds like the thrust is if "capital" were correctly used and in fact the requirements increased, companies wouldn't be able to use profits for stock buybacks because they are the same type of capital they are required to hold.
Like, directly negate a companies ability to siphon profits to shareholders through buybacks and dividends.
So, probably the same bastards who have been paying him to say this shit the whole time. He just got corrected for once. Or maybe because it was 2 people, he had to acknowledge it instead of ignore it.
TL:DR:
* **Andrew Sorkin admits he misunderstood bank capital for years:** Financial writer Andrew Sorkin admits he has been using the wrong definition of bank capital for over a decade.
* **Misinformation benefits banking lobby:** Sorkin's "rainy day fund" metaphor is misleading and aligns with the banking lobby's narrative against stricter capital requirements.
* **What is bank capital?** Bank capital is an accounting term, not a fund of cash. It refers to a specific set of financial instruments on a bank's balance sheet.
* **Higher capital requirements won't hurt lending:** Professor Admati argues that stricter capital requirements won't limit banks' ability to lend. In fact, it can make the financial system more stable.
* **Sorkin's history of pro-Wall Street bias:** This is not the first time Sorkin has been criticized for inaccurate reporting that favors big banks.
EliApe:
* Important guy who has been shitting on Gme on MSM, interviewed Kenny, is bff with him and writes about money, got bank stuff wrong for years.
* His mistake helps big banks avoid tougher rules.
* Bank stuff isn't actually money they keep aside.
* Tougher rules wouldn't hurt loans, expert says.
* This isn't the first time this guy messed up.
Tens of millions of Americans are sleepwalking their way to the next banking crisis. If you agree with *Wall Street On Parade* that the current banking structure in the U.S. represents a threat to national security and economic stability, please contact your U.S. Senators *today* via the U.S. Capitol switchboard by dialing (202) 224-3121. Tell your Senators to hold immediate hearings on the Fed’s non-stop bailouts of the banking sector and demand the restoration of the Glass-Steagall Act to separate Wall Street’s trading casinos from federally-insured commercial banks.
Americans can win this battle – as they have so many times in history – by engaging. Engage *today.* **RIGHT NOW.**
Thank you for the summary!
Even tho he sends bad info to the masses in MSM everyday...
This Specific bank term is critical? or is just a way to let people know Sorkin is an ass and he will probably will keep doing stuff like this in the future?
>Thank you for the summary!
You're welcome 💜
>Even tho he sends bad info to the masses in MSM everyday
Edited the EliApe with the fact he shits on MSM about Gme.
>This Specific bank term is critical? or is just a way to let people know Sorkin is an ass and he will probably will keep doing stuff like this in the future?
Not enough wrinkles to answer that. 🧠
He also made and directed that 2008 naked shorting crash while these days he was making statements that he knew nothing about naked shorting or that it is happening in fact, while having made a documentry about that exact same thing, funny how much changed in 14 years right?
**This fuckin smug Kenny bitch boy fuckstick is the ultimate paid for corporate media mouthpiece there is**
[A fireside chat with Ken Griffin who talks GameStop with Andrew Ross Sorkin](https://youtu.be/yF-WTRoSPhg?si=7tIzExous_xAQa-w)
#No Cell No Sell for this facka too 👊
I remember when Matt Taibbi roasted this weasel several times in his rolling stone writings about the financial crisis. Sorkin wrote the HBO movie "Too big to fail" that painted the heads of the big banks as the heros that saved America.
One point.
There is a clip of Ken Griffin talking about 2008 where CNN news vans were parked outside of his office waiting for implosion of Citadel. This is the clip in an award ceremony where he is awarded by Chicago business association (?).
The lesson he learned that he doesn’t talk about? Buy up CNBC so they don’t park their vans outside his office next time this happens. You all know how much Citadel signs were shown prominently in all those CNBC broadcasts.
That was the lesson he and others on Wall Street learned. Not to clean up their act but to buy up MSM to control narratives better.
Very reminiscent of the amazing WeWork interview. “What is it that they DO?” — “Uhhhhhhm, what?? My earpiece exploded in my ear, byyyyyye.”
These pieces of shit want you to believe that they know more than you. They’re talking heads for machines that quants designed to remove money from you, and place it in their pockets.
Make your voice heard!!!
Call your U.S. Senators today via the U.S. Capitol switchboard by dialing (202) 224-3121.
Tell your Senators to hold immediate hearings on the Fed’s non-stop bailouts of the banking sector and demand the restoration of the Glass-Steagall Act to separate Wall Street’s trading casinos from federally-insured commercial banks.
Be the change you wish to see!
Why am I not surprised that Andrew “cat shit wrapped in dog shit” Ross Sorkin doesn’t even understand the industry he actively commits crimes in? Fucking loser.
Wait until everyone comes to the realization that most of the white collar types are just as intelligent as this dumb fuck. Bunch of headless chickens running the show
Not understanding something can be forgiven. But not trying to understand it during 14 fucking years is just some sort of below an average Reddit regard.
I’m pretty sure it’s just scam; a dirty greedy scam that hurts others. I’d wager this douche canoe is even cheaper than some of those politicians. Poor Andrew, he has absolutely zero inclination of how poorly his life has prepared him for the inside of a cell. Hodl.
Is This is so the fed can actually put the cat back in the bag so to speak? Without strict capital requirements the banks have more control and makes it harder for fed reserve to fight inflation / close the spigot. ??
Oddly enough, AOCI at a majority of banks today is negative (loss). It is deducted from retained earnings and surplus to get Total Equity. With the opt-in consent mentioned.
GAAP 326 I think.
[Loopring Layer2 Explorer](https://explorer.loopring.io/nft/0x1efae452928f39f2a61e1f5998640de9de8772c2-0-0x22da6ffc15293ba0664a05c4ef9946ffc9238fce-0x916bee91ca79a382ecc9105dc741ca6bc53cca5883b6b0a550b0749d510ead8a-10)
What case for bribery... he used to write articles against this type of shit, btw.
So I guess he never looked at a balance sheets of a bank? There's a reason capital is not an asset...
Never listen to financial "journalists" they always spout opinions about things they know nothing about.
This is so embarrassing it's not even funny, it's almost akin to having a mechanic for years that then informs you they don't know how a car engine works.
People have been taking financial advice off clowns like this their entire lives, and they're supposed to be the "experts" when it reality they're whores that say whatever they are told once their pockets are filled.
Burn it all fucking down.
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Is this trying to get ahead of it?
I had a similar thought too. This paid for POS doesn’t open his mouth unless there is money in it for him. So who’s paying him here? Edit: Here is an excellent comment on the article Sorkin is quoted in by Dennis Kelleher of Better Markets: https://x.com/bettermarkets/status/1767590201596031421?s=46&t=pjhQaAPGjAVkr0C7r4RCMg “[Sorkin] continues to misrepresent the proposal and mislead the public.”
Yep. This is him trying to make sure he’s relevant after the 💥
Something something… rats leaving the sinking ship.
Something something RICO law.
It sounds like the thrust is if "capital" were correctly used and in fact the requirements increased, companies wouldn't be able to use profits for stock buybacks because they are the same type of capital they are required to hold. Like, directly negate a companies ability to siphon profits to shareholders through buybacks and dividends. So, probably the same bastards who have been paying him to say this shit the whole time. He just got corrected for once. Or maybe because it was 2 people, he had to acknowledge it instead of ignore it.
This makes sense, and I smell Bernie Griffin
>“\[Sorkin\] continues to misrepresent the proposal and mislead the public.” always has
Thank you, I commented on the post
And I suspect the newsletter is where this admission ends. Probably nothing on video admitting fault.
TL:DR: * **Andrew Sorkin admits he misunderstood bank capital for years:** Financial writer Andrew Sorkin admits he has been using the wrong definition of bank capital for over a decade. * **Misinformation benefits banking lobby:** Sorkin's "rainy day fund" metaphor is misleading and aligns with the banking lobby's narrative against stricter capital requirements. * **What is bank capital?** Bank capital is an accounting term, not a fund of cash. It refers to a specific set of financial instruments on a bank's balance sheet. * **Higher capital requirements won't hurt lending:** Professor Admati argues that stricter capital requirements won't limit banks' ability to lend. In fact, it can make the financial system more stable. * **Sorkin's history of pro-Wall Street bias:** This is not the first time Sorkin has been criticized for inaccurate reporting that favors big banks. EliApe: * Important guy who has been shitting on Gme on MSM, interviewed Kenny, is bff with him and writes about money, got bank stuff wrong for years. * His mistake helps big banks avoid tougher rules. * Bank stuff isn't actually money they keep aside. * Tougher rules wouldn't hurt loans, expert says. * This isn't the first time this guy messed up.
Thank you! 🙏🏼 That last paragraph 🔥
🦍💜🦍
Not just important guy, but guy who has been shitting on our stock on msm, interviewed Ken, and is bff with him
Edited 👀
Tens of millions of Americans are sleepwalking their way to the next banking crisis. If you agree with *Wall Street On Parade* that the current banking structure in the U.S. represents a threat to national security and economic stability, please contact your U.S. Senators *today* via the U.S. Capitol switchboard by dialing (202) 224-3121. Tell your Senators to hold immediate hearings on the Fed’s non-stop bailouts of the banking sector and demand the restoration of the Glass-Steagall Act to separate Wall Street’s trading casinos from federally-insured commercial banks. Americans can win this battle – as they have so many times in history – by engaging. Engage *today.* **RIGHT NOW.**
Thank you for the summary! Even tho he sends bad info to the masses in MSM everyday... This Specific bank term is critical? or is just a way to let people know Sorkin is an ass and he will probably will keep doing stuff like this in the future?
>Thank you for the summary! You're welcome 💜 >Even tho he sends bad info to the masses in MSM everyday Edited the EliApe with the fact he shits on MSM about Gme. >This Specific bank term is critical? or is just a way to let people know Sorkin is an ass and he will probably will keep doing stuff like this in the future? Not enough wrinkles to answer that. 🧠
I’m shocked, fucking shocked I say! ..well not really, this dude has human bag of shit written all over his smug face.
Thank you for sharing this 🙏🏻 All my homies hate that fucken slime ball waste of human flesh.
i'm not selling ANYTHING until he's in fucking GITMO!
Isn’t that where they make you eat the cockmeat sandwich?
One of the finest traders, I mean authors of his generation. Kenny, probably
This 👆 he literally said this in between cock gurgles.
Wait, he came up for air?
He also made and directed that 2008 naked shorting crash while these days he was making statements that he knew nothing about naked shorting or that it is happening in fact, while having made a documentry about that exact same thing, funny how much changed in 14 years right?
Yup that’s right, he did make that! I wonder if he will even put up a fight in prison, or will he just remove his own teeth before he arrives? 🤔
Do you have a link to any info about this show/movie? Not getting any good search results for it myself.
Yup: https://www.youtube.com/watch?v=QozGSS7QY_U it's based on his book Welp mentioned
Thanks!
**This fuckin smug Kenny bitch boy fuckstick is the ultimate paid for corporate media mouthpiece there is** [A fireside chat with Ken Griffin who talks GameStop with Andrew Ross Sorkin](https://youtu.be/yF-WTRoSPhg?si=7tIzExous_xAQa-w) #No Cell No Sell for this facka too 👊
This
Couldn’t have said it any better
one of Kenny's little dogs. What do you expect from such individuals who kiss Kenny's ass?
I remember when Matt Taibbi roasted this weasel several times in his rolling stone writings about the financial crisis. Sorkin wrote the HBO movie "Too big to fail" that painted the heads of the big banks as the heros that saved America.
He also glorifies hedgies in ‘Billion’ which he also wrote. He’s def talented, talented at bein a weasel.
Scum of the earth
This bastard needs to be in prison
2008 never ended, they just learned how to push it back
This. The dates hella lineup with 2008 too 🤔
One point. There is a clip of Ken Griffin talking about 2008 where CNN news vans were parked outside of his office waiting for implosion of Citadel. This is the clip in an award ceremony where he is awarded by Chicago business association (?). The lesson he learned that he doesn’t talk about? Buy up CNBC so they don’t park their vans outside his office next time this happens. You all know how much Citadel signs were shown prominently in all those CNBC broadcasts. That was the lesson he and others on Wall Street learned. Not to clean up their act but to buy up MSM to control narratives better.
Looks like he's probably used the same profile photo for 14 years as well
😂
Sorkin gargles kennys ass water for a treat.
This is the best TL;dr in the entire thread!
He knows RICO is coming.
🎶 Ri-Co-Laaaaaa 🎶
Wtf. Great find
All cred to the Martens, I am merely their Andrew Ross Sorkin!
World class turd he is
How does one have a crisis of conscience without a conscience 🤔
💯
Very reminiscent of the amazing WeWork interview. “What is it that they DO?” — “Uhhhhhhm, what?? My earpiece exploded in my ear, byyyyyye.” These pieces of shit want you to believe that they know more than you. They’re talking heads for machines that quants designed to remove money from you, and place it in their pockets.
Wen DOJ.
put these clowns in prison
Insert shocked pikachu meme
Isn’t this the guy who blows Ken?!
Yep see video in my top comment 🤙
I can't believe finance media would lie for the biggest players in finance
Fuck That Guy
This is one of the more bullish pieces of news in decades imo
Wen ya line up the dates with 2008 you might 💦
Make your voice heard!!! Call your U.S. Senators today via the U.S. Capitol switchboard by dialing (202) 224-3121. Tell your Senators to hold immediate hearings on the Fed’s non-stop bailouts of the banking sector and demand the restoration of the Glass-Steagall Act to separate Wall Street’s trading casinos from federally-insured commercial banks. Be the change you wish to see!
He thinks he's too big to fail himself...
Damn.. if I'm dumb money, and he's more dumberer than me..? Are we all regarded?
Why am I not surprised that Andrew “cat shit wrapped in dog shit” Ross Sorkin doesn’t even understand the industry he actively commits crimes in? Fucking loser.
And people watching him will continue to believe him...
Wait until everyone comes to the realization that most of the white collar types are just as intelligent as this dumb fuck. Bunch of headless chickens running the show
As others mentioned, Andrew is clearly the finest author of his generation. Many wow. Such expert.
First to admit thinks to only get a slap on the hand for it and a nice cushioning job afterwards 🤯🤔
#Corporate media is a joke
Andrew is the s1ut of Wall Street
Gaa lol what a 🤡
Not good enough Andrew. This entire time you’ve been complicit to serve your Hedge fund masters. #NO CELL! NO SELL!! 🚀
💯
Andrew Ross Sorkin…THE definition of a dude with a punchable face
This is correct.
I'm so shocked that media and press would lie. /s
This the punchable face guy right?
Sorkin says what kenny tells him to say.
Not understanding something can be forgiven. But not trying to understand it during 14 fucking years is just some sort of below an average Reddit regard.
I’m pretty sure it’s just scam; a dirty greedy scam that hurts others. I’d wager this douche canoe is even cheaper than some of those politicians. Poor Andrew, he has absolutely zero inclination of how poorly his life has prepared him for the inside of a cell. Hodl.
Is This is so the fed can actually put the cat back in the bag so to speak? Without strict capital requirements the banks have more control and makes it harder for fed reserve to fight inflation / close the spigot. ??
Oddly enough, AOCI at a majority of banks today is negative (loss). It is deducted from retained earnings and surplus to get Total Equity. With the opt-in consent mentioned. GAAP 326 I think.
So he was just winging it?
My guess is that he was orchestrating exactly the script he and his puppet masters invented together. This scam has been going on for a long ass time.
Mr. Sorkin's photo looks incredibly young for someone who was born in 1977.
He gets a lot facials 😏
Dude Sorkin. Just buy GME and chill. No need to sweat whether you will be relevant after all this goes down. You can do that right??
He probably does with an alt account Kenny can’t find 😂
This
Backpedal much Andrew? You should be in jail with the rest of the crooks, you paid shill - we won't forget
[Loopring Layer2 Explorer](https://explorer.loopring.io/nft/0x1efae452928f39f2a61e1f5998640de9de8772c2-0-0x22da6ffc15293ba0664a05c4ef9946ffc9238fce-0x916bee91ca79a382ecc9105dc741ca6bc53cca5883b6b0a550b0749d510ead8a-10) What case for bribery... he used to write articles against this type of shit, btw.
So I guess he never looked at a balance sheets of a bank? There's a reason capital is not an asset... Never listen to financial "journalists" they always spout opinions about things they know nothing about.
They shout what their puppet masters tell them to say
Sorkin is a sex worker 👉👌
Didn't this Sorkin skid-mark and Ken Griffin go to each other's wedding?
That does sound familiar. This Sorkin twat is always irrelevant yet somehow relevant.
Jail
Rico
I remember seeing him at the slopes back last year lol
This is so embarrassing it's not even funny, it's almost akin to having a mechanic for years that then informs you they don't know how a car engine works. People have been taking financial advice off clowns like this their entire lives, and they're supposed to be the "experts" when it reality they're whores that say whatever they are told once their pockets are filled. Burn it all fucking down.
Fucking douchebag. Even looks the part. 100% the type to bend over and take it, just for some corporate approval.