The mania of #GameStop is largely the government’s own doing. 1. The lockdowns have disrupted normal lives and trapped many people at home. They are bored & looking for things to keep them busy & mentally stimulating. Investing & being part of #wallstreetbets fulfill these needs

2. Many people who received the stimulus checks didn’t need it financially. Rather than spending it to “stimulate” the economy like the gov planners hoped for, these people would either save it or invest it. Since the Fed keeps the interest rate near 0,

Any rational individual could decide that saving it at 0% doesn’t make financial sense. So they chose to invest it in the stock market, seeking higher return. The mentality was that it was “free money” anyway so what if I lose it in the stock market.

The easy money from the Fed pumped up the stock market and the ever rising stock market indices only attracted more amateur investors into the market. Beaten down stocks such #GME & #AMC are attractive because they were cheap and first time investors love cheap stocks.

Let’s not forget the reason some of these stocks i.e. #AMC were cheap was because they lost business and customers as the result of the government #lockdowns So the government created the original problem, which is now turning to a bigger problem. In a typical government fashion

government will deny its role, come in as a “rescuer” with rules and regulations that in the end protecting the Wall Street at the expense of small investors.

As predicated @SpeakerPelosi is pushing for congressional scrutiny in #gamestopstock https://www.marketwatch.com/story/pelosi-says-congress-will-be-part-of-gamestop-scrutiny-2021-01-28?mod=home-page