Elizabeth Warren Begs SEC To Punish Reddit Investors Who ‘Inflict Financial Damage’ On Hedge Funds

Frederick Foresight said:
The question you need to ask yourself is Why take what the OP wrote at face value? He hails from the crazy far Right.

https://www.cnn.com/business/live-n...t-gamestop/h_7cdf8440b148756c2719f7bef363f150

Senator Elizabeth Warren of Massachusetts is asking the U.S. Securities and Exchange Commission to look into why GameStop stock has fluctuated in price so wildly in recent days, soaring from its usual $20 a share to over $440 at one point.

In a letter on Friday, Warren called on the SEC to prevent "these and future incidents of potential market manipulation." She asked the regulators to investigate whether securities laws were violated by hedge funds shorting GameStop stock or Redditors buying up shares to inflate its price.

"These wild fluctuations are just the latest indication that many private equity firms, hedge funds, and other investors, big and small, are treating the stock market like a casino," Warren wrote.
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How does thr SEC stop stocks from having wild swings...that is the way the market works for the most part. Shorts and longs. You cannot have a free market and then try and regulate prices. It is one thing to remove fraud but not sure anything was illegal. HFs were short huge amounts of shares and got caught. It is risky to short shares and they got rammed hard proving how risky it is.

In my opinion the market worked pretty well punishing those who took on high risk activities.

Stock prices arw just fake valuations anyway with nothing to support it most of the time so this is what happens.
 
Elizabeth Warren was on CNN's State of the Union earlier this morning to discuss this very issue. Her position on the matter was fair and her explanation cogent, and completely unlike how she is fictitiously portrayed by the crazy Right media. She is a very smart and worthy missy. Perhaps the segment will find its way to Youtube in time. If so, it would be worth your while to check it out.
 
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El OchoCinco said:
How does thr SEC stop stocks from having wild swings...that is the way the market works for the most part. Shorts and longs. You cannot have a free market and then try and regulate prices. It is one thing to remove fraud but not sure anything was illegal. HFs were short huge amounts of shares and got caught. It is risky to short shares and they got rammed hard proving how risky it is.

In my opinion the market worked pretty well punishing those who took on high risk activities.

Stock prices arw just fake valuations anyway with nothing to support it most of the time so this is what happens.
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the action in GME isn’t about hedge funds who were short. It’s about
1. The stock settlement system breaking down if there are significant failures to deliver,
2. Contagion if hedge funds have to close other positions quickly to meet margin calls (causing financial pain across the entire system)
3. retail investors who might get seriously burned if GME collapses.

I don’t think anyone gives a shit if Melvin goes under.
 
Frederick Foresight said:
And yet...your avatar...
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Foreskin, the whole point is that these clowns set up an simple opportunity to trade and make a killing. Judging by your responses, you were not able to figure out how to exploit it.

The question is simple, who did anything illegal and what regulation are you looking for? I already highlighted who I thought was villain, who do you think it is?
 
wildchild said:
Foreskin, the whole point is that these clowns set up an simple opportunity to trade and make a killing. Judging by your responses, you were not able to figure out how to exploit it.

The question is simple, who did anything illegal and what regulation are you looking for? I already highlighted who I thought was villain, who do you think it is?
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piezoe said:
Elizabeth Warren is among the brightest, best educated, most capable members of Congress. I would trust here judgement over that of many other members.
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Hey Piezoe, werent you supposed to tell us where in the Muller report it said that Trump colluded with Russia.
 
piezoe said:
Elizabeth Warren is among the brightest, best educated, most capable members of Congress. I would trust here judgement over that of many other members.
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Elizabeth Warren is failed Presidential candidate. The democrat party soundly rejected her. Lets not try to re-write history.
 
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