What has the biggies worried is that retail investors are organizing and attacking the financial markets with their pooled capital. It’s systemic risk that they don’t control, and that’s extremely upsetting to these folks.
The stock will crash and burn eventuallly, but it hurt some rich folks and some hedge funds and that’s NOT supposed to happen anymore, at least not by the hand of little guys.
The response is predictable: regulate small guys out of existence, accuse them of manipulating markets (fucking lol at that), bailout the rich and scare boomers.
But this time, hopefully a lot of people are seeing the backlash and calling bullshit.
What has the biggies worried is that retail investors are organizing and attacking the financial markets with their pooled capital. It’s systemic risk that they don’t control, and that’s extremely upsetting to these folks.
The stock will crash and burn eventuallly, but it hurt some rich folks and some hedge funds and that’s NOT supposed to happen anymore, at least not by the hand of little guys.
The response is predictable: regulate small guys out of existence, accuse them of manipulating markets (fucking lol at that), bailout the rich and scare boomers.
But this time, hopefully a lot of people are seeing the backlash and calling bullshit.