Biden Administration is "monitoring" market short squeezes - LOL

GIRLS HAVE VAGINAS! DON'T YOU IDIOTS ALREADY KNOW THIS?



I am pretty sure that many of the dems are hoping that Biden and Yellen and the SEC will put together a Trading Equity Program whereby all trading losses of women and skin color people will be distributed across the general population.

You know, this practice of letting people who do well and do not fuck up profit more than those who do is basically a white privilege and colonial legacy thing giving whites an advantage. And using math and probability to get an edge? Whoa!!! See what I am saying? You are wayyy into white colonial territory there that is on the verge of cheating.

It's complicated though. Some of the black activist rabid types argue that Asians should not be allowed near Harvard or disproportionately allowed in public classrooms because they cheat by studying and working hard.

Yeh. As I said. It be complicated.
 
For the record, the Reddit “meme traders” are getting crushed due to trading platforms halting buying of stocks with high amounts naked short sale exposure:

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"In the name of volatility we have to halt trading in these securities."*


*(Except for selling volatility; no matter how high that might become we are, oddly, untroubled by that volatility.)
 
There's just so much hilarity in this blog post, I'll just leave it here. Enjoy.

Following the last several sessions of massive short squeezes in numerous stocks, including Gamestop, AMC Entertainment Holdings, BlackBerry Limited, among others, White House Press Secretary Jen Psaki addressed these issues with reporters on Wednesday afternoon, saying that the Biden administration, including Treasury Secretary Janet Yellen, are "monitoring" the situation in the stock market (which, needless to say, is a bit odd - the president rarely monitors the market when a cabal of hedge funds manages to ramp a stock 100%, 200%, or more, yet when retail investors do it... time for alarm).

Psaki reminded everyone that "the stock market isn't the only measure of the health of our economy."


This begs the question why is the government monitoring markets when retail traders are making hand over fist buying most shorted stocks, while hedge funds are getting crushed by their short positions?

And a better question: does the Biden admin realize that it was Yellen's policies for half a decade that enabled this market idiocy?

Below we present some of the best responses to this latest example of how the Biden nanny state will soon crash the last trace of capitalism:


This makes it clear that the Biden admin is for Wall Street and not main street. Yellen is the expert at crony capitalism.
 
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