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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]So is the only way to stop this happening in the future to allow the HF to fail? If our government always bails them out, why would they stop?[/quote] The only time a hedge fund has been bailed out was in 1998--Long Term Capital Management. Even then it was a group of banks (note I am using that word correctly) that collectively recapitalized it under the auspices of the Federal Reserve. LTCM was liquidated in 2000. Why is everyone confusing hedge funds with banks?[/quote] Most of the people who are involved in this have no idea how any of it works. [/quote] Exactly and yet they’re on here with pitchforks. Typical mob. [/quote] And you’d be an arrogant idiot if you couldn’t see the “mobs” as a clear indicator that we have a problem with inequality-Economic, racial, etc - in this country that is bringing our downfall if it is t addressed promptly — without the haughty, know-it-all commentary. [/quote] PP is so smug. There’s some amazing analysis on Wall Street Bets. You don’t have to work on Wall Street to do your own analysis. But keep thinking it’s all dummies. [/quote] Actually, I said the people on here (DCUM) were acting this way, not WSBs but yes there are some smart people and many dumb people on WSB. In any event, I was also the poster who said people better be voting for Warren or Bernie before y’all complain one more second about income inequality. [/quote] Warren released a very disappointing statement today basically calling the redditors market manipulators. Unfortunately she’s not the answer here. [/quote] You honestly believed her all for the little guy schtick? She’s been in DC long enough to know the deal. It is disappointing that she would sell out but the narrative is being constructed in DC that these Redditers are akin to domestic terrorists and they unfairly manipulated and rigged the system to steal money and we must protect our financial institutions, no matter how poorly run they are. The fix will soon be in! [/quote] Right, that's just what the SEC said...[/quote]
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