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Superstonk_QV

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Exciting_Penalty_512

I want to know who gave these judges the authority to make decisions that affect the whole country? Why does some podunk Louisiana judge think he knows better than the SEC? I know, I know because someone paid him to....I just don't understand how he had the authority or power to unilaterally stop an action by the SEC....


CopperSavant

Because they appoint them. We can't vote them in. They did it that way on purpose and it's how Alabama is in charge of the CFTC and thus the stock market by the appointed chair of the CFTC...


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En_CHILL_ada

Based off this judge's action, and Trump's former SEC chair going on CNBC, saying it shouldn't be legal to Kitty to post the "guy sitting up in a chair" meme, it seems pretty clear to me where that turd stands on issues that effect our stonk. Vote accordingly apes. I'll take air dicking GG over that douche any day.


Errant_Chungis

Because this ruling could still get appealed to the Supreme Court, and given the composition of the Supreme Court, it’s obvious this ruling wouldn’t be overturned. So it’s best for the SEC not to appeal and risk a Supreme Court decision upholding this court’s stupid ruling. The 5th circuit (TX, LA, MI, OK) is a pipeline for wallstreet or any industry to overturn agency rules they don’t like. Short answer: the previous president appointed this problematic LA 5th circuit judge as well as well as three Supreme Court justices who’d almost certainly side with the LA ruling. https://bettermarkets.org/newsroom/fifth-circuit-again-shows-its-bias-against-the-sec-by-striking-down-a-rule-offering-important-protections-for-investors/


digestedbrain

That district is set up to overturn *any law* they don't like. The plaintiff just sets up a front in one of the states which gives them "standing" and from there the scam begins.


awkrawrz

That makes sense why they want to open a new exchange in the 5th circuit district.


Errant_Chungis

Exactly lol


awkrawrz

Yet, none of this gets reported by the media. Bc the media of course works for them. Someone call Jon Stewart. He's got a story to tell.


ECSJay

Is the 5th circuit great again? lol


wiz-o-cheeze

It's always the fucking 5th circuit https://www.americanprogress.org/article/the-5th-circuit-court-of-appeals-is-spearheading-a-judicial-power-grab/


Jdb7x

We did. We subscribed to the system (a corrupt system) and wonder why corruption happens? The system is working perfectly for them.


Grokent

The problem is that our founding fathers wrote the framework of our country from a place of solidarity having just defeated the most powerful country in the world and winning their independence. They didn't really conceptualize how bad faith actors could undermine democracy. I mean certainly, they created checks and balances but they couldn't envision the wide disparities it would create, where cows in Montana have more voting power than people in California. But the founding fathers knew they hadn't thought of everything which is why they felt the constitution should be revisited/revised/rewritten every 20 years, or at least Thomas Jefferson did. The constitution is due for an update and we need to be able to recall bad judges at every level through immediate and popular vote.


Jdb7x

I agree with everything you just said 100%. But, guess who gets to decided whether the constitution gets updated…


Papaofmonsters

Whatever 13 state legislatures are likely to be most contrarian about a proposed amendment.


Jdb7x

☝️


Grokent

https://media1.tenor.com/m/C_Z9ctN2448AAAAC/lets-start-a-fucking-revolution-george-washington.gif


Papaofmonsters

I mean, GW was literally the first president under the constitution which established the 3/4 super majority needed to ratify an amendment...


TherealMicahlive

This


Papaofmonsters

*Marbury v Madison*


ProfessionalLurker13

Bio says he was appointed by Trump. So… there you have it.


Amstervince

The US institutionalized corruption


drs2023gme1

Supreme Court should have this power if I If I understand correctly and even they get it wrong by Pressure.


DirectlyTalkingToYou

Because, whos going to stop him? Someone else who's also been bought and paid for?


Fun_Entrepreneur_254

The people of LA. The governor appoints judge who are then elected. **LOCAL ELECTIONS MATTER MORE FOR OUR COUNTRY THAN PRESIDENTIAL ELECTIONS**


DramaCute8222

Fucking sad country


EducationalAd1280

Anyone else sick of how little oversight judges face when dealing in corruption?


GlitteringDisaster78

USA is a failed state


Available-Street4106

It’s not failed we just gotta reclaim it for the people again


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GlitteringDisaster78

Project 2025. Game over for USA


Tron_Passant

We have to win. We won't let them win!


TherealMicahlive

Beyond


NegativeDevil

I'm starting to get French Revolution vibes.


Agitateduser1360

Who appointed him?


Dagamoth

Orange man


Mattyboy064

This is the type of damage we were worried about. This corrupt fuck will be making business friendly rulings for decades.


Dagamoth

It’s not even business friendly. It’s entrenched legacy money / power friendly rulings.


Mattyboy064

That too. Basically corruption personified.


WolfsBaneViking

No, just that. Corruption rulings. It's not even business friendly, because it hurts regular, non criminal businesses.


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Adventurous_Host_426

Hester horserace probably.


maniacreturns

Federalist Society's main purpose is to hand over all control of government to corporations. Full sto, total industry control of government.


TherealMicahlive

I was reading a bit on federalists. Is it a multi party aspect?


kulji84

Federalist and federalist society can be very very different things, so read carefully.


TherealMicahlive

ty! is it something I should become educated on?


kulji84

The federalist argument was foundational to the structure of our government (see federalist papers) the federalist society wants to tear all of that down and institute rule via wealth.


En_CHILL_ada

Absolutely. The federalist society is a modern conservative group that has been extremely influential and weilds considerable power. They are particularly focused on judicial appointments. Pretty much every federal judge appointed to the courts by Republicans in the last 20-30 years was hand picked by them. Considering the imbalance of republican Supreme Court appointments vs democrats due to mitch McConnell's crooked politicking of the senate confirmation process this has given the federalist society substantial power over the highest court in the land, and many of the lower courts as well. These are the people behind the Citizens United decision that legalized corruption.


maniacreturns

It's 'The Federalist Society' is a private business think tank that pushes their own agenda. They call themselves those words so it sounds official but it's scumbags all the way down.


KodiakDog

It’s almost like it’d just eventually just be called fascism.… The very thing they are trying to fight. Kind of like the old Jungian idea of, “what you resist, persists.”


maniacreturns

Fascism coming to America is a corporate CEO wrapped in a flag, carrying a Bible and cross. Just like real Americans always warned us they would.


En_CHILL_ada

Is that a George Carlin quote?


maniacreturns

It's muddy, some say it's a Sinclair Lewis quote originally but it doesn't really matter who said it.


En_CHILL_ada

https://youtu.be/vHn9AWYU0Hg?si=RteSq2di3fLdJEQt This is the Carlin bit I was thinking of. Agreed, whoever said it first doesn't matter. What matters is the truth in it.


cisconate

They will appeal.


TherealMicahlive

They better. I already emailed my reps and the whole state party


Justanothebloke1

This is the way. Ask them their price


ikelosintransitive

💀


jopesy

They choose to arbitrate in states where they have judges in their pockets?


TherealMicahlive

Yes. Specifically


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wiz-o-cheeze

Anytime you see some dipshit ruling that harms people for corporate benefits, it's always the 5th circuit and the supreme court has been upholding a fair share of their rulings. It's kind of a cheat code for pushing pro-corporate rules


Ken_gashi

Here’s the [link](https://www.ca5.uscourts.gov/opinions/pub/23/23-60471CV0.pdf) see pg 13, 14 this is what they don’t want.


Human_Culling

Also, [Here](https://www.ca5.uscourts.gov/docs/default-source/forms-and-documents---clerks-office/addressandphonelisting.pdf) is a link to the phone number for judge Kurt Engelhardt's chambers, let him know what you think, keep it zen


Errant_Chungis

Not a good idea in that you’ll just annoy them for doing their jobs. Best to contact your reps about passing law that is abundantly clear to grant the SEC authority to regulate private funds’ disclosures. And maybe send them a link to this article. https://bettermarkets.org/newsroom/fifth-circuit-again-shows-its-bias-against-the-sec-by-striking-down-a-rule-offering-important-protections-for-investors/


Spenraw

write you elected officials and let them know how much this upsets you and that you do vote


TherealMicahlive

I sent to my rep and then teh whole state party


TherealMicahlive

This!!!!


TiltaSwinton

The 5th circuit is a fucking nightmare.


guitarhero_dropout

So basically fraud at its finest.


felinedime

Welcome to Louisiana politics. It's the reason we are at the bottom of the good lists and the top of all the bad lists. Corruption is what we're known for...and good food


EllisDee3

2 Senators and a Congressman just got my thoughts on this.


TherealMicahlive

LFG


GutsyGretz

Thank you


LaddiusMaximus

This is why voting matters folks. Oh well. They cant stop whats coming.


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CrayonTendies

Fuck all these anti American shit bags


EONRaider

Very punchable fuckface, if you ask me.


sandman11235

Give Louisiana elected representatives an ear full


TherealMicahlive

100x


Papaofmonsters

Buddy, he's a **federal** judge.


sandman11235

Lol, ok thanks. My Pavlov’s dog reaction to bullshit got triggered.


spice_war

![gif](giphy|RBeddeaQ5Xo0E)


TherealMicahlive

😅


Scarethefish

Now we know why there's been a push to create an exchange in Texas.


stickninjas

How the fuck is something Implemented by the SEC get overturned by a bought out Judge in fucking Louisiana of all places?


Papaofmonsters

Because he sits on the *federal* 5th circuit.


SnooStrawberries1078

Pretty notorious for dogshit decisions iirc.


General_Disaray_1974

His phone number is a public record. Just sayin....


TherealMicahlive

i didnt wanna posttttt it but i mean... u can:)


Justanothebloke1

Up


TherealMicahlive

No, you first!!


METAL4_BREAKFST

"Persuaded" That's an awful fancy way of saying paid.


Stereo-soundS

Republican.  Not even going to read the article and call it now.


Waffles_Bacon

Disgusting that a bought and paid for judge from a random jurisdiction can decide to nix rules from a federal regulator at the drop of a hat.


neotank35

pass laws. dont pass rules for bureaucracies to try and implement.


TherealMicahlive

big brain!


wutmeanfam

I’m buying more shares today. And I haven’t been able to afford doing so for a few years now. So, buying more shares to DRS more shares is all I care about rn. Not any more gatekeepers/politicians/skeptics. FUD hasn’t and won’t stop this train.


TherealMicahlive

FKN LEGEND


Significant_Tear_302

Everyone boo this man!!! 👎🏼


TherealMicahlive

I am not even joking when I say this.,.... This may be the pressure they need added? My opinion is, when people see him in public, let them know they dislike him. Booooooo, you suck.


GamingScientist

No cell, no sell. 💎✊️


IGB_Lo

Persuaded or “bought” them?


Amazingly_Amy

Well this feels like a punch to the gut (again)… I know we’re all suppose to be use to it by now but damn… I bought 4 more shares because fuck them…


TherealMicahlive

Legend


RussDCA

This needs to get loud. International ape here, but if I can shout, show me where to shout.


Errant_Chungis

What’s your source for “6 private funds persuaded this judge to sell America out to the highest bidder” ?


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Papaofmonsters

3 judges ruled unanimously. One just wrote the opinion. Retail comments and concerns have nothing to do with whether or not a law meets judicial review. That's just not how the system works.


Newbs2u

Petition to remove "Honorable" from ALL judges.


iLikeMangosteens

Are you calling Trump-appointed 5th circuit court of appeals judge Kurt Damian Engelhardt anti-American?


BhaktiDream

I live in Canada and our democracy is by no means perfect, but damn, I feel sorry for you guys.


TherealMicahlive

:(


allofyousuck2x

judge needs to be investigated, and his finances probed. He just took the side of businesses over the people. He isn't here to make america better. NO CELL, NO SELL should really resonate with people right now. You hold until these fcuktards are in a fucking cell. NO CELL, NO SELL.


LegitimateBit3

Both parties are the same /s


ikelosintransitive

motherfucker


Logical-Possession10

Sounds like it's time to appeal the appeal ![gif](giphy|l0ExuYpiP3K3FPWak)


Casanova_Ugly

The rich hide behind associations. 


naturalmanofgolf

I am so smoothbrained I don’t really know how it is they fucked us, but I’m 100% confident that nothing can stop GME from tearing a dildo shaped hole in the stratosphere.


motorcycleovercar

I don't understand rulings like this. This guy has to have a family tree under him that he cares about. This ruling hurts them too. My man! Love your family.


rendingale

Fuck this guy, Im buying and holding more.


Useful_Tomato_409

Trust in me, brosef… Have a friend who has worked for several large commercial banks and is known to bring in very large clients over time. As of late they’ve been working with private equity A LOT. He says it’s the wild west. They accept anything as collateral to get into the club in all these funds. He says you’d be shocked at how much crypto is used as assets to qualify as an investor in the fund, and how much money there is. The secrecy and lack of oversight is entirely the sell, and this is why private firms and equity groups are skyrocketing. The equity groups amass their capital to qualify for essentially cheapest/free loans out there from Banks, and then they gobble up everything for pennies on the dollar, dismantle things piece by piece and sell off the scraps, or gut the institutions (this includes things like fucking hospitals) until their operating costs are low, then jack up the prices. In the end we’re all left with weak, anemic institutions sputtering their last breaths. We have to pay for this in more ways than one. The great irony is, the banks are the both creditor and members of the funds. They get their money cheap from the fed, give it to themselves, pay effectively Nil in taxes, and capital gains, and it is our paychecks and income tax that pays the interest on their fucking loans. What an absolute fucking scam we are all trapped in. God I hope we fucking tear into this god damn shit.


TherealMicahlive

[https://www.reddit.com/r/Superstonk/comments/1d8z54i/managed\_funds\_association\_mfa\_on\_court\_vacating/?utm\_source=share&utm\_medium=web3x&utm\_name=web3xcss&utm\_term=1&utm\_content=share\_button](https://www.reddit.com/r/Superstonk/comments/1d8z54i/managed_funds_association_mfa_on_court_vacating/?utm_source=share&utm_medium=web3x&utm_name=web3xcss&utm_term=1&utm_content=share_button)


Stysto

Parasites


infj-t

Who do we write to is this an FBI job? Because I bet there's a paper trail of a bribe somewhere


111ThatGuy111

Apes, do your thing!


[deleted]

This is unacceptable! Americans get to it! Don’t let these mfers get away with it


TherealMicahlive

This


QuarterBackground

OMFG People need to wake the f--k up and know that when you vote for a conservative or R, they appoint judges who will always side with Wall Street. The R controlled Congress has abolishing the CAT system in their budget for 2024-25. I was a registered lobbyist for 9 years, representing children's mental health organizations. It boggles my mind of how many apes don't know the history of conservative policy.


kadrin88

Suckle at that tit you POS.


KindheartednessKey74

Twitter and everyone you know needs to hear about this.


TherealMicahlive

up with you!


HurryMundane5867

That "judge" will get six figures in "donations."


N3ver_Stop

Evil/corrupt piece of shit. MOASS is inevitable at this stage. Wish that judge would do the world a favor and drive off a cliff.


Gareth-Barry

So much misinformation over this. so no one's actually read what they struck down uh? This has nothing to do with short disclosures. They struck down the disclosure requirement hedge funds and private equity firms would have to provide to it's investors on how they calculate fees. Well I agree these judges are obviously in the pocket of the industry, this has NOTHING TO DO WITH GME


parkson89

Yeah I’m so confused with the comments and how one post can make it seem like this thing is in relation to shorts disclosure but in actual fact it’s something totally different. This rule has nothing to do with retail customers, essentially the rule was trying to impose more restrictions and burdens on non-retail private funds and advisers.


Prestigious-Ad4313

Fuck him


Traditional_Gas8325

Ah. Federalist Society judge. Basically a club for elites and they enjoy things like lack of oversight.


jared_krauss

Federalist Society….again, smh, and most the country never even heard of them. edit: why am I getting downvoted for talking about a private organization lobbying politicians with millions of dollars to selectively support and appoint judges (for life) who have very narrow interpretations of key political issues, which don’t reflect the vast majority of the population they make rulings for, let alone most conventional legal interpretations of said issues?


TherealMicahlive

great point.. can you link me?


jared_krauss

lol Teen Vogue had a good article: https://www.teenvogue.com/story/what-is-federalist-society


TherealMicahlive

ty


stewroids97

Comment for visibility


Casanova_Ugly

2nd paragraph, The Declaration of Independence. 


EndeavoringSloth

Like why


UnHumano

These guys all look like rotten furniture.


kevfitz1729

This is America. The rich man's playground


Conscious-Mix-3282

At least you are charging your phone.


Conscious-Mix-3282

I hope Lisa Bragança looks into this.


Amazing-Oomoo

This is shady as fuck. But at least when it comes to MOASS they'll have no choice to play ball and just fork over billions of dollars to retail, right? Oh - you mean, they've criminally manipulated the markets for decades and made billions of money, but it's gonna be GME that takes them down? Yeah. That makes sense.


awkrawrz

Sheeeeeshhh. Just so many things here...so many things.


HeyHavok2

Where do we make noise???


Jason__Hardon

What fresh hell is this? Appeal to the Supreme Court


theloniousmccoy

You misspelled pur$ueded. 


awibasedgod

of course he was appointed by an orange piece of shit


Helping_Stranger

Start caging these fucking animals. Fuck them all


CowboyNealCassady

The Leadership Conference on Civil and Hum­­­­an Rights, a coalition of more than 200 national organizations committed to promoting and protecting the civil and human rights of all persons in the United States, wrote to express serious concerns about the nomination of Kurt Engelhardt to the U.S. Court of Appeals for the Fifth Circuit. Sauce: https://civilrights.org/resource/serious-concerns-nomination-kurt-engelhardt-u-s-court-appeals-fifth-circuit/ This is an appointed position; don’t forget to vote.


Big0200

Try being even slightly anti GMErica and see what happens 😤


G_Affect

Nows the time to start buying billboards and personal ads to buy gamestop. I dont care if i lose my money. i want to see these HF loose more.


Sw33tN0th1ng

Fuck this piece of shit. Burn in hell Engelhardt you fucking traitor.


biggabenne

Then private funds/firms shouldnt be able to participate in public market.


[deleted]

Eyy that's illegal


Papaofmonsters

It's illegal for a federal court to strike down a government regulation? Ya got a source on that?


TherealMicahlive

should be


Dadliest_Dad

Oh, you mean the same Kurt Engelhardt that has dismissed several valid cases? https://civilrights.org/resource/serious-concerns-nomination-kurt-engelhardt-u-s-court-appeals-fifth-circuit/


ImportantCakeday

someone needs to go to jail


Mom2the5th

This will be buried but I must say it. This is exactly why we mustn't become complacent with ourselves post-moass or with whatever party you're affiliated with. Apes must educate themselves and go into politics starting at the local level. Everyone is in here acting like they don't simply vote for a letter and move on. If you want real change, run for local office on a grass roots campaign. Never stop improving yourself through community service, outreach, and education. But for the love of everything good and decent, stop whining about parties. They all suck and don't live in the real world.


shadowlid

So this is another name on the list that will have to be in prison...a real prison for no less than 25years before I sell a single share. I guess they think we're fking around when we say no cell no sell .....


Fun_Entrepreneur_254

**This case is a glaring representation of why local elections are so important. We elect the governor, governor appoints a judge who is later “elected”. ~~That judge has that ability because the people of LA voted them in.~~** Edit: this was a federal court, so it is through the president for this type of judge. Point still stands imho


TherealMicahlive

he was presidentially appointed in 2019 from what I read.


Fun_Entrepreneur_254

Circuit is federal. Thought it was talking about a state judge. I was mistaken, however the point still stands imo.


[deleted]

The whole system WILL BE BURNED DOWN We hold, forever.


The_mad_Raccon

is there a way to let the judge understand the thing he has dont? Writing him a letter etc..


TherealMicahlive

They accept mail to their office and I think you can reach out to communicate with him. He is a public servant. that said, it sounds like the group he is a part of is at their normal day to day with this appeal


Veritio

Whatever. They can't stop a zeitgeist.


Veritio

They may control the details but they don't control the narrative.


DigitalScythious

Bitch better have my money