What's perhaps most revealing about the WallStreetBets story is not the obvious, but rather the underlying truth: How easily securities can be moved away from any underlying fundamental basis. A point I've been making for a while. This video game eco system the Fed has fermented.

While it's now visible for everyone in these smaller stocks the data shows that the entire market has moved away from the economy like never before.
So they have hearings because of smaller stocks?
They should have hearings about the systemic risk the much larger bubble poses.

But they won't, because they are too dependent on its continued ascent itself. When Congressional leadership is actively trading & partaking in its upside the required legislative analytic objectivity is probably lacking entirely.

But carry on pretending WallStreetBets is the problem. It's not, at best it's a symptom of a much deeper and larger rotten core that is institutionally enabled by the Fed, banks, Congress & top 1% & their lobbyists who all benefit from it.

A system that achieves consistent measurable results of benefitting the top 1% is so successful at it because it is designed to do so.
If the system was designed to help the broader population it would show results to do so. But it doesn't.