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Premature gloating. The government can always come in at the last minute with bailouts for wall street and overblown charges against the redditors. I see that
by chaganated 6y ago
Premature gloating. The government can always come in at the last minute with bailouts for wall street and overblown charges against the redditors.
I see that you've been HODLing some GME. Sorry bro, have to charge you with economic terrorism. Nothing personal.
- Tenoke 6y agoWhen have hedge funds been bailed out by the government? Especially over a single stock? Even if a small hedge fund or two go bankrupt this doesnt affect the economy much and there is no chance the government will bail them out. This isn't all of wallstreet on the line at all.
- chaganated 6y agoIt's all connected. Any little hiccup can trigger a chain reaction of margin calls, or worse. Remember the CDO debacle from 2008. When Goldman, JP Morgan, et al finally take the hit, we all know that DC will rush to their aid. It has happened before, and it will happen again. Nobody is buying these worn-out wall street apologetics.