Judd Legum

Judd Legum @JuddLegum

@mattyglesias And therefore, the idea that people should play a complex game of aligning their views with a presumably larger group of people with different views seems pretty silly — PolitiTweet.org

Judd Legum @JuddLegum

@mattyglesias To me the fundamental problem with all of this is the assumption that people know how to win future elections. And therefore you should adopt these “winning” views whether or not they reflect your actual views. I don’t think anyone knows. — PolitiTweet.org

Judd Legum @JuddLegum

@aseitzwald @emilycrockett @JeffWeinerOS I use Google docs and just set up an auto correct for two regular dashes in a row makes an Em dash — PolitiTweet.org

Judd Legum @JuddLegum

@mariabustillos Thanks, Maria. I really appreciate this. It means a lot to me coming from you. — PolitiTweet.org

Judd Legum @JuddLegum

Do West Virginia voters also say: I really don't want support for child care! I have no interest in paid family leave! I don't want hearing or dental benefits added to Medicare! I hope the child tax credit expires! I oppose a 15% minimum tax on corporate profits! — PolitiTweet.org

Judd Legum @JuddLegum

"Parents protesting 'critical race theory' identify another target: Mental health programs" https://t.co/r4vRjNj0nW — PolitiTweet.org

Judd Legum @JuddLegum

Americans say by a roughly 2-to-1 margin that the Supreme Court should uphold its landmark abortion decision in Roe v. Wade, and by a similar margin the public opposes a Texas law banning most abortions after six weeks of pregnancy https://t.co/jN5HxpaI2G https://t.co/mP31TTyHPo — PolitiTweet.org

Judd Legum @JuddLegum

10. For more independent accountability journalism that makes complex issues easy to understand, check out my newsletter, Popular Information. It's free to sign up --> https://t.co/TfpCItdVSo — PolitiTweet.org

Judd Legum @JuddLegum

9. We may learn more as the lawsuit progresses. @EpsilonTheory believes that the messages show that Citadel successfully pressured Robinhood without breaking the law or making explicit demands to restrict trading https://t.co/EmcJh4Ejex https://t.co/8xbr9X9v7E — PolitiTweet.org

Judd Legum @JuddLegum

8. There are other messages along these lines. None of them is a smoking gun, because we don't know precisely what is said during the calls. But it's a far more complex picture than the blanket denials by Robinhood, Citadel, and Griffin. https://t.co/EmcJh4Ejex — PolitiTweet.org

Judd Legum @JuddLegum

7. After the call, one of the execs who participated confirmed that Citadel and other large hedge funds were having a "really bad night." "you wouldn't believe the convo with Citadel. Total mess." https://t.co/EmcJh4Ejex https://t.co/6YvjklAJjD — PolitiTweet.org

Judd Legum @JuddLegum

6. Tenev appears concerned. He responds by asking his CEO to try to set up a "chat" between Tenev and Ken Griffin, the CEO of Citadel. This all happened the day before the restrictions on GameStop stock were put in place https://t.co/EmcJh4Ejex https://t.co/KBe5X6iIH8 — PolitiTweet.org

Judd Legum @JuddLegum

5. The lawsuit includes supporting evidence. Robinhood's COO told Robinhood's CEO, Vlad Tenev, that she and two other execs were meeting with Citadel at 5PM on 1/27. She said she believed Citadel was going to threaten to limit payments to Robinhood https://t.co/EmcJh4Ejex https://t.co/Ksa9O3AIAE — PolitiTweet.org

Judd Legum @JuddLegum

4. The complaint of the class action lawsuit alleges "the day before the restrictions were implemented, high-level employees of Citadel and Robinhood had numerous communications with each other that indicate that Citadel applied pressure on Robinhood" https://t.co/EmcJh4Ejex — PolitiTweet.org

Judd Legum @JuddLegum

3. When Robinhood limited the ability to trade GameStop, tanking the price, some questioned whether they did it to benefit Citadel. Citadel and Robinhood vociferously denied they colluded The internal messages paint a more complex picture https://t.co/EmcJh4Ejex — PolitiTweet.org

Judd Legum @JuddLegum

2. The core issue is that Citadel has two roles - Citadel makes bets on stocks. Citadel bailed out another hedge fund that made a huge bet shorting GameStop. - Citadel is a market maker. It buys "order flow" from Robinhood and facilitates trades. https://t.co/EmcJh4Ejex — PolitiTweet.org

Judd Legum @JuddLegum

@sarafischer @AxiosNick @theinformation @Jessicalessin I think there is also a misunderstanding of the value of Substack for writers. The primary value proposition is independence. It's not a get-rich-quick scheme. So if you would prefer to work as part of a larger institution, there are likely better options. — PolitiTweet.org

Judd Legum @JuddLegum

1. The GameStop controversy has largely faded from the headlines but a class action lawsuit has surfaced EXPLOSIVE internal messages involving Robinhood and Citadel, a massive hedge fund Follow along if interested https://t.co/EmcJh4Ejex — PolitiTweet.org

Judd Legum @JuddLegum

@sarafischer @AxiosNick @theinformation @Jessicalessin There is an odd (and I think faulty) assumption that the purpose of Substack is to damage newsrooms. What is the basis for that? — PolitiTweet.org

Judd Legum @JuddLegum

RT @JuddLegum: 5. A parent submitted testimony objecting to his son being taught that "white people had apparently stolen the Black Hills f… — PolitiTweet.org

Judd Legum @JuddLegum

RT @JuddLegum: 1. In less than a week, North Dakota enacted a sweeping new law banning "Critical Race Theory" in K-12 schools The measure… — PolitiTweet.org

Judd Legum @JuddLegum

@NoahShachtman @TMZ @RollingStone Not TMZ! https://t.co/Gi3SdfhoqD — PolitiTweet.org

Judd Legum @JuddLegum

"Wearing a dark suit and blue shirt and tie, Rittenhouse yawned as the judge and the lawyer discussed jury instructions on Monday morning, with the jury still outside the courtroom." — PolitiTweet.org

Judd Legum @JuddLegum

There are deep systemic problems with the criminal justice system and a lot of people are trying to make those problems more difficult to even talk about. — PolitiTweet.org

Judd Legum @JuddLegum

This is a lie. These are the facts: https://t.co/L9MsIcFBQ1 — PolitiTweet.org

Judd Legum @JuddLegum

9. One thing that I noticed is almost all the coverage of this new law came from North Dakota media and right-wing publications. It's time for everyone to start paying attention. https://t.co/JxVur322gl — PolitiTweet.org

Judd Legum @JuddLegum

8. BTW, the sponsors of the North Dakota bill banning CRT have received financial support from major corporations: https://t.co/JxVur31uqN https://t.co/UAr7DlmC3I — PolitiTweet.org

Judd Legum @JuddLegum

7. Similar measures are being proposed or enacted in DOZENS of states. This is an aggressive assault of free expression and academic discourse. For in-depth updates and accountability journalism, subscribe to Popular Information. It's free to sign up: https://t.co/TfpCItdVSo — PolitiTweet.org

Judd Legum @JuddLegum

6. One Republican North Dakota Senator, @nkpoolman, is a high school English teacher. She acknowledged that CRT is not taught in North Dakota schools and concern among parents about CRT was "manufactured" She voted for the bill anyway https://t.co/JxVur31uqN — PolitiTweet.org

Judd Legum @JuddLegum

5. A parent submitted testimony objecting to his son being taught that "white people had apparently stolen the Black Hills from the native tribes" saying it was CRT White people stole the Black Hills from native tribes, per a 1980 Supreme Court decision https://t.co/JxVur31uqN https://t.co/Ga8R89O3i0 — PolitiTweet.org