Good Morning Everyone! Short selling ban on bank stocks is likely about to happen. The White House is monitoring the short-selling pressure very closely. They need to avoid chaos and collapse at all costs.
This is what they did in 2008.
— Genevieve Roch-Decter, CFA (@GRDecter) May 5, 2023
is someone short selling our banking Stocks? this feels like gamestop. can we make it illegal to short sell our finacial sector as it is directly related to National security. if this is happening, who is doing it?
— Glenn Beck (@glennbeck) May 4, 2023
The SEC is investigating First Republic Bank executives for insider trading.
They could just follow Unusual Whales to see the sales.
Insiders only sold this year.
Insiders sold Jan 17, 19, 20, Feb 3, Feb 17, Feb 22 & Mar 6.
James Herbert, the founder, sold $4.5 million YTD. pic.twitter.com/fwgakMzI0t
— unusual_whales (@unusual_whales) May 5, 2023
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