5 ms·
Is there actually a way to target the financial system? Seems to me the best anybody could have hoped for was to make a hedgefund bleed. So far as I can tell,
by crocodiletears 6y ago
Is there actually a way to target the financial system? Seems to me the best anybody could have hoped for was to make a hedgefund bleed.
So far as I can tell, there's no political way to meaningfully touch that segment of society. Politicians can't be trusted to regulate such a complex system, even if they could be trusted not to be bribed into compliance. The existing regulatory institutions seem captured. Even poking at the hive with $gme seemed to cause institution involved to close ranks, and try to delegitimize retail traders, even discounting all brokerage's decision to limit trading on the stocks.
A lot of people want their pound of flesh for '08, especially young folk who's families lost everything.