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I'm not American so I don't know what CNBC's coverage is like, but I'm not seeing any outrage or hypocrisy from the Financial Times, the Economist or the variou
by ploika 6y ago
I'm not American so I don't know what CNBC's coverage is like, but I'm not seeing any outrage or hypocrisy from the Financial Times, the Economist or the various Business sections of Irish media outlets. Maybe I'm missing something.
The worst I've seen is maybe a paternalistic attitude of "some inexperienced day traders are now at risk of being taken for greater fools," which I find hard to disagree with, to be honest. Or else they're slightly sniffily pointing out that short selling is not inherently immoral, and that many Wall Street firms are actually delighted with the windfall in fees from all this extra market activity.