There is nothing about the Gamestop thing that isn't disturbing. But taking steps to protect hedge funds from retail investors is NOT a good look.

First, if a hedge fund CAN be clobbered by retail investors trading a single issue, the retail investors ain't the main problem. https://twitter.com/SquawkCNBC/status/1354408089970221056

Second, I took a scroll through r/wallstreetbets yesterday. A hell of a lot of the motivation behind this is anger, and, @adenatfriedman it's anger at y'all - at the whole make-money-with-money scene. And at, frankly, some of your past antics that are still causing people pain.

Doing something that even looks like it could be interpreted as changing the rules of the game to protect your favored players is not going to decrease anger. Not even a little bit.

There are a lot of people on their second once-in-a-century financial crisis right now. Only it's mostly not your lot because you get bailouts and the rest of us get a "K-shaped recovery."

By the way, it's mostly not kids who are clobbering the hedge funds. It's mostly millennials who figure they might as well play with their savings because they're never going to have enough to retire anyway.

There is a LOT of anger out there right now, and it's broad-based. It might be channeled in different directions depending on partisan views, but it's there across the whole spectrum.

Don't add to it. Please.

I'm not saying the situation is good, or smart. Hell, I think a lot of the people on that subredit are going to get massively screwed on all of this.

But clean your own damn house first, Wall Street.