This whole thing is a nice expose on the hollowness and stupidity of modern american populism which transcends the party divide. You have politician ranging from Ted Cruz to Alexandria Ocasio-Cortez arguing that this is fight between the little guy angry at wall street which is using it's institionla power to complain about them but are loosing. This narrative of Golliath vs Davis has little factual accuracy but a lot of emotional power so it's get people angry.
The actual thing going on is a classic bubble(the idea that only short-sellers will be left holding the bag is ridiculous) with early investors like the the redditors that promoted it and Blackrock capital gaining billions of dollars out this rush of stupidity. The populist left and right seem to have united in seeing this transfer of wealth between the two hedge funds aidded by a pump and dumb esque promotion campagin as a populist revolt and decrying all the experts as being in the pocket of wall street
https://twitter.com/steveniweiss/status/1354827133852528647
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