re: #52 Anymouse 🌹🏡😷

That depends.

The whole “our lives, our fortunes, and our sacred honour” line could apply here as well. An awful lot of people have been backed into financial corners over the mechanisations of conservatives and Wall Street working together, especially with the 2017 Tax Scam.

Plus the overwhelming majority of people involved in this aren’t spending life savings on this; they’re only tossing a few bucks in. As is noted repeatedly by people in the Reddit thread, no one should be involved in this with money they can’t afford to lose.

The solution to all this would be to ban short selling if hedge funds were really serious beneath all their whinging and sending PR people out across all TV networks and social media to discourage what’s happening.

If they opposed short selling, they would be opposing their own business model.

Hence calls to ban speech (on Websites they don’t control) about buying or selling stocks, and even suggestions of shutting down the stock market temporarily (which would piss off Redditors even more).

The hedge fund folks are pissed that the wrong people are making money on the stock market and they are being hoisted by their own petard.

This is about the best thread I’ve seen so far to explain the situation:

Ok, since a lot of people seem confused, I’ll explain what’s going on with GME.

Brace yourselves. This is gonna be a long thread.

— Aaron D. (@MrBrownEyes2020) January 27, 2021

Basically, a bunch of hedge fund assholes have overleveraged themselves majorly out of pure greed, with some rumors that this was a coordinated effort to drive the company’s value down just so that one of those funds could buy it up for cheap (aka “vulture capitalism”). Those hedge funds got found out, they’ve been played at their own game, and now they’re crying foul and are trying to scare the government into bailing their asses out.