/biz/ - Business & Finance

There once was a stock that put to sea,
The name of the stock was $GME
The price blew up, the shorts dipped down,
HOLD, My bully boys, HOLD

Huah!

Soon may the Tendieman come
To send our rocket into the sun!
One day when the trading is done
We'll take our gains and go!

She had not been two weeks from shore,
When Ryan Cohen joined the board
The captain called all hands and swore
He'd take his shares and hold

Huah!

Soon may the Tendieman come
To send our rocket into the sun!
One day when the trading is done
We'll take our gains and go!

Before the news had hit the market,
Wall Street Bets came up and bought it
With diamond hands they knew they'd profit
If they could only hold!

Huah!

Soon may the Tendieman come
To send our rocket into the sun!
One day when the trading is done
We'll take our gains and go!

No deals were cut, no shorts were squeezed
The captain's mind was not on greed
But he belonged to the Autist's Creed
He took the risk to hold!

Huah!

Soon may the Tendieman come
To send our rocket into the sun!
One day when the trading is done
We'll take our gains and go!

For forty days or even more,
The stock went up, then down once more
All gains were lost, it was looking poor,
But still those traders did hold

Huah!

Soon may the Tendieman come
To send our rocket into the sun!
One day when the trading is done
We'll take our gains and go!

No deals were cut, no shorts were squeezed
The captain's mind was not on greed
But he belonged to the Autist's Creed
He took the risk to hold!

As far as I've heard the fight's still on
The shorts not squeezed and the gains not won
The Tendieman makes his regular call
To encourage the captain, crew and all!

Soon may the Tendieman come
To send our rocket into the sun!
One day when the trading is done
We'll take our gains and go!

Soon may the Tendieman come
To send our rocket into the sun!
One day when the trading is done
We'll take our gains and go!

Quick question for those on /biz/ that may be knowledgeable on the subject: I'm looking into sources of funding for a financial business. One way that interested me was, essentially, insurance float (the stream of premiums generated by people paying you for insurance). Obviously the best way to obtain float would be to run an insurance company, but that requires shit like salesmen and office support and such. Is it possible to run a "stripped-down" reinsurance operation where I approach small local insurance companies, offer to assume a portion of the liabilities off of them in exchange for a commensurate amount of the premium payments (less some profit for them), and then use that capital to invest? This would be like a three-four man shop that would start with around a half-million in equity capital for reference, and I'm curious if this would incur substantial regulatory burden or other registration issues or if it's otherwise illegal.

tl;dr What is stopping me from doing to insurance companies what was done to mortgages with CDO's (inb4 you'll cause a financial crisis asshat)