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This happens in ponzi schemes too, people will find a scapegoat rather than feel their ignorance or greed was the problem. Here it's Robinhood and hedge fund co
by sidibe 6y ago
This happens in ponzi schemes too, people will find a scapegoat rather than feel their ignorance or greed was the problem. Here it's Robinhood and hedge fund conspiracies and Wall street playing by different rules. When MMM ponzi scheme (https://en.wikipedia.org/wiki/MMM_Global https://en.wikipedia.org/wiki/MMM_Global) peaked everyone was furious about people writing negative editorials and government warnings not to jump in.
- notahacker 6y agoI nearly put a reference to MMM true believers actually voting Mavrodi into Parliament to give him immunity from prosecution for defrauding them in my original post. Wonder if any hedge fundies shilling GME on WSB whilst betting big in the opposite direction are bold enough to try that if the SEC comes after them...