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QuixoticSoul · 41-45, M
You have a strange view on this stuff - rich people and institutionals have been making an absolute killing on GME, they love volatility of this sort. Stocks get locked in these kinds of circumstances to protect the little guy.
NoahB · 31-35, M
@QuixoticSoul of course you can point to a few rich people who are making money off of this because there are hedgefunds on all sides of this. but thats not why theyre mad. they're mad because a good handful of proles got in on the game to a funneled a ton of cash downward too.
Where was all this talk about regulation in 07 and 08 when this same thing happened?
Where was all this talk about regulation in 07 and 08 when this same thing happened?
QuixoticSoul · 41-45, M
@NoahB Lots of regulations did happen in the wake of '07 and '08.
NoahB · 31-35, M
@QuixoticSoul clearly not enough because they're still playing these games. 140% shorts? come on man
QuixoticSoul · 41-45, M
@NoahB There have been worse squeezes before - but yes, that should have been a trigger of some sort, we might end up seeing SEC putting something in.
NoahB · 31-35, M
@QuixoticSoul we very well could but last i heard is the trump admin gutted SEC. so im skeptical it will happen