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The SEC has been asleep for years now. Every week we see market whales pulling gamma squeezes and pumping tech stocks higher and higher. The market is a joke
by 01100011 5y ago
The SEC has been asleep for years now. Every week we see market whales pulling gamma squeezes and pumping tech stocks higher and higher. The market is a joke at this point.
- zionic 5y agoAsleep? SEC has been screwing small investors for as long as it’s been around. Screw the SEC, just another in a long list of government agencies that shouldn’t exist.
- cguess 5y agoYou're big into crypto, aren't you?
- zionic 5y agoI’ll bite. Yes I am, but on the other hand none of the SEC’s decisions have impacted me negatively. I have never held XRP for example, so while I dislike them it’s entirely because I don’t believe they should exist in the first place, they haven’t cost me money.
- Loughla 5y ago>just another in a long list of government agencies that shouldn’t exist. I would add 'in its current form' onto the end of that. The problem is, we have these agencies, so we can say, "look, we're fixing the problem," but then we provide them neither the power nor funding to really do anything but be annoying. I am firmly convinced this is by design. One side gets to say, "look we fixed it" and the other gets to say, "look it doesn't work and never will," and nothing changes.