3 ms·
If the SEC or any government agency steps in to help Wall St hedge funds at the expense of $GME shareholders, I wouldn't be the least bit surprised to see the e
by jb775 6y ago
If the SEC or any government agency steps in to help Wall St hedge funds at the expense of $GME shareholders, I wouldn't be the least bit surprised to see the entire millennial generation revolt against the current financial system. They could easily trigger it by a crowdsourced agreement to liquidate 401k's and all stock holdings.
If we see any govt agency step in, I'd imagine them trying to pity sell us on lost teacher pensions, etc being managed by the hedge funds...but they'll leave out the part that says those teacher pensions have been financially weaponized against average investors for years.
- SpicyLemonZest 6y agoThe vast majority of GME shares are held by large financial institutions and mutual funds, so theories about government favoritism toward big money just don’t make a ton of sense here. Whatever the SEC ends up doing here, we can be virtually certain they did not strike a corrupt deal with Melvin Capital against Fidelity and Blackrock.
- OscarCunningham 6y agoThe hedge funds involved here aren't structurally important. They're not going to get a bailout.