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frazzled

(18,402 posts)
7. Two wrongs don't make a right
Thu Jan 28, 2021, 07:17 PM
Jan 2021

Both sides need reining in. Driving up the prices on a totally worthless company like Game Stock was not cute, and it will still nosedive into failure. Betting against a company that has been on the verge of obsolescence and failure for years was logical. The losses that those analysts incurred are not just hitting them, but all the pensioners on behalf of whom they were working. The little guys, you know.

It’s true that Wall Street’s practices need more oversight and regulation. That doesn’t mean that these jokesters should be able to play their pranks with wild abandon.

Our whole retirement depends on the analysts at TIAA-CREFF managing the hard-earned dollars we invested with some dignity. If they got screwed in this, so did a lot of teachers.

Sheldon Whitehouse says there will be an investigation Thekaspervote Jan 2021 #1
Of whom? Sympthsical Jan 2021 #4
Sherrod Brown Turin_C3PO Jan 2021 #19
Good, I'm with him and AOC. elleng Jan 2021 #6
K n R Glamrock Jan 2021 #2
They're gonna get bailed out, can't let those poor billionaire hedgefunds go broke ansible Jan 2021 #3
The money that everyone is playing around with MyNameGoesHere Jan 2021 #5
Two wrongs don't make a right frazzled Jan 2021 #7
Why shouldn't regular people be able to play the game? BlueTsunami2018 Jan 2021 #10
And where was the will to act in '08 and beyond? Sympthsical Jan 2021 #12
but the thing that drove the stock up was the short sellers fishwax Jan 2021 #16
Why shouldn't regular people play that game. They are only doing what the Hedgers do. Demsrule86 Jan 2021 #17
Maybe the time has come to create a market DeminPennswoods Jan 2021 #8
Absolutely agreed FakeNoose Jan 2021 #11
Investopedia has a great simulation The Mouth Jan 2021 #20
I hope there is an investigation and there should be a stop to short trading, it is the real problem Bev54 Jan 2021 #9
One reform needed is curbs, or elimination of, Disaffected Jan 2021 #13
My question is, where were the regulators? Sympthsical Jan 2021 #14
The regulators seem to have been missing Disaffected Jan 2021 #15
Billionaires weren't losing money. Once they did, we bailed them out Sympthsical Jan 2021 #18
Short sellers suck The Mouth Jan 2021 #21
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