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This is definitely the laziest thing I've read about this whole GameStop thing. Regardless of what you think about the different parties involved, this bozo doesn't even bother to understand what their respective motivations are. People buying GME don't think it's actually worth $325/sh or whatever. And the hedge funds aren't just simple short sellers, they got caught shorting more shares than what even existed. Just some damn lazy journalism.
big "why are you laughing there are real people with yachts being hurt because of this" energy
They're going to have to sell their houses!!
Where are they supposed to live?
One of their ten vacation villas?
Those are for vacations!
What do you think they are?
Savages?
Isn't it beautiful how the main stream media went full into scoding redditors mode...
All the Redditors hopefully finally understand , what the News and Late Night Shows are actually for
To suggest a political analogy, they are not just blindly devoted to their candidate; they deny the legitimacy of the opposition party. :yes-sicko:
The particular targets of the GameStop crowd are hedge funds and short sellers. Here, a couple of definitions may be useful. Generally speaking, a hedge fund is a small-to-medium-size company that makes money by choosing smart investments. There is nothing nefarious about this. To the contrary, if you don’t like too-big-to-fail banks that get backstopped by taxpayers, small-enough-to-fail hedge funds ought to be celebrated. If you worry about complex financial conglomerates with corrupting conflicts of interest, single-purpose investment boutiques are simpler and healthier. On the online forums where the GameStoppers congregate, you read complaints about hedge funds being bailed out during the crisis of 2008. Actually, banks, brokers, insurers, mortgage providers, money market funds and even car companies got rescues. Hedge funds got nothing.
"There is nothing inherently evil going on here" says senior fellow at Evil Incorporated. "You see, the real victims are the billionaires just trying to make ends meet" he says, sucking the blood out of the cambodian child he chose to snack on. "Take my opinions seriously."
"These companies are small-enough-to-fail, which is good, which is why we can't let them fail"
If you didn't know to discount his opinions from that title, the guy is a council on foreign relations ghoul.
The fact that bunch of ideologically agnostic reddit goobers were the only group of people who had successfully threaten the power structure in Wall Street since First Bank of Boston v. Bellotti (where the supreme court ruled that "corporation is people my friend") in 1978 shows how obsolete the ""left"" movement in this country truly is. Occupy got crushed by Obama. Bernie 2016 lost to Clinton machine and Bernie 2020 crumbled with just a phone call from Obama telling Mayo Pete and Klobuchar to drop out (think about how obsolete these 2 losers are). AOC is just "republican bad" twitch streamers who voted for Pelosi's speakership. The Squad, Cori Bush and such has no legislation achievements. Even Ralph Nader with his seatbelts and clean water clean air act saved more lives than these goobers.
Ehem, shouldn't the neoliberal ghouls at WaPo say things like:
"Actually the price of the shares are traded at exactly the value the market determined them to trade, and as such it is moral, cause every trade is moral per definition"
Besides that I like how they expose their worldview in which they believe themselves to be gods, the "rational" (in the sense of the cringe/fringe Ayn Rand fan who is able to take in all the information and come to the correct outcome guiding the masses). To think one can actually see what drives the stock market is absurd (even within all the courses about it I heard from researchers about it). So the felt rational gods are merely players and abusers of others.
Do you know though, who with taking in all the material facts of a situation is able to see the problems? The communist thanks to material historism.
Paul Volcker would bitch slap this idiots. Think-tank fellows are people that like to smell their own farts.
So far, this time is different. The GameStop speculators are not merely in a frenzy about one stock. Their goal is to destroy the traders who link stock prices to fair value.
Yeah it's not like we were trying to tank it or anything. Just fairly evaluating some company here and definetly not toying with the livelyhoods of thousands of employees. I know you are upset, but have you considered it's just like Blockbuster?
:michael-laugh:
no, but seriously that title alone has the power to jokerfy.
