I know that these greedy hedge funds shorting more than the existing stock is what allowed these WallStreetBets kids to put the screws to them. What the hedge funds were doing was incredibly risky and downright idiotic.
However, Elizabeth Warren wants you, the retailer investor, to be regulated so that you can't shove the free hand of the market up the ass of a hedge fund that gets too greedy.
'These developments are “raising obvious questions about public confidence in the market and those trading in it,” Warren said, adding that the agency must “act to ensure that markets reflect real value, rather than the highly leveraged bets of wealthy traders or those who seek to inflict financial damage on those traders.“'
She's trying to play the "both sides are wrong here" card when that is clearly not the case. The hedge funds were 100% in the wrong, and these traders were well within their rights to profit off of their greed and stupidity.
Elizabeth Warren is a traitor to the American people.
Yes. She's playing the "both sides are wrong" card and calling for more regulation and oversight. And yes, that skanky bitch is a piece of shit.
However, the story doesn't suggest that she called to "disempower the American people to protect billionaire hedge funds".
Yeah, it does. She should be transparent about what happened. She should admit that hedge funds caused this by shorting 140% of the GME shares in existence to drive a company out of business during a pandemic. She should be calling for those hedge funds to be regulated and those responsible for shorting GME to be jailed.
She is lying. She is blaming this situation on retail investors. She is mischaracterizing the people who shed light on this blatant market manipulation as terrorists who just want to damage financial institutions. She is calling for the American people to be regulated.
What do you call that other than lying to try and disempower the American people to protect billionaires?
You're reading shit that isn't there.
What she should do isn't the point. Three article doesn't match the headline.
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