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Posted On: 02/08/2021 10:13:52 AM
Post# of 72446
From a NY Times email newsletter, so I can't link this:
Quote:
The GameStop frenzy shows that internet-enabled herds can bet en masse on companies, driving up their stock price and saddling shorts with huge losses. “I see dead hedge funds,” one user posted in a Reddit forum.
Washington lawmakers are holding shorts up as potential market manipulators.
“We must deal with the hedge funds whose unethical conduct directly led to the recent market volatility,” said Representative Maxine Waters, a Democrat, the head of the House Financial Services Committee who will oversee a Feb. 18 hearing on the meme stock mania.
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