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."
"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."
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"These companies are small-enough-to-fail, which is good, which is why we can't let them fail"