Hedge fund tries to short Gamestop, now gets short squeezed by R/wallstreetbets (user search)
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  Hedge fund tries to short Gamestop, now gets short squeezed by R/wallstreetbets (search mode)
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Question: Did you buy gamestop stock recently?
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Author Topic: Hedge fund tries to short Gamestop, now gets short squeezed by R/wallstreetbets  (Read 10860 times)
KaiserDave
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Posts: 13,667
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E: -5.81, S: -5.39

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« on: January 29, 2021, 05:04:22 PM »
This is market manipulation, but Wall Street has gotten away with market manipulation forever. So...


In any case this just makes the case for a well managed regulatory apparatus that isn't in the pocket of Wall Street. But this isn't something we've just needed now.
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KaiserDave
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Posts: 13,667
United States


Political Matrix
E: -5.81, S: -5.39

P
« Reply #1 on: January 29, 2021, 05:13:19 PM »
« Edited: January 29, 2021, 08:03:33 PM by KaiserDave »
What we may see is a few of the Redditors get punished, and while they may have broken the law, it's obscene that Wall Street faced no punishment for what happened in 2008, or their rampant criminality in general.

Thankfully we have Sherrod as Banking Chair now, who will actually try to hold them accountable for their culture of deception.
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