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It's more complicated than that. The GameStop saga notably didn't occur with other brokers, such as Vanguard, where shares were "in-stock" if you'll pardon the
by ericmay 5y ago
It's more complicated than that. The GameStop saga notably didn't occur with other brokers, such as Vanguard, where shares were "in-stock" if you'll pardon the pun and available for purchase or sale. The volatility of $GME caused issues with the settlement system. That doesn't make "the stock market" a scam.
> A stock has no business being shorted over 100% in a market that is not a scam.
I'm not sure this is a strong argument for a scam, but is a strong intuitive argument for correcting a problem with how the stock market functions.