The libertarian response to the GameStop thing is to let the redditors lose their shirts over these games. They're gambling as much as the Hedge Funds are, aren't they?
I'm open to being wrong about this.
I'm open to being wrong about this.
This seems like a giant pretext for the feds to shove their fat noses in further than they should.
If it was always this easy to manipulate the market like this, why wasn't it done before? Because it is not this easy. And now, this activity will likely be priced into the market. I get that more than hedge funds were affected by this, but I am really not at all convinced ...
that the response is to give hedge funds power to shut this down. Or, worse, the feds.