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Showing posts with the label deregulation

WallStreetBets Redditors brilliantly demonstrate a way to demolish Wall Street fraudulent Ponzi scheme

globinfo freexchange   WallStreetBets Redditors sent shock waves to speculative hedge funds who saw their gamble turn into a disaster, losing billions. The terror was evident on corporate media pundits' faces when they suddenly realized that their beloved Wall Street fraudulent system was successfully hijacked by outsiders.   As BusinessInsider reported :   Video-game retailer GameStop has dominated the headlines this week after its shares trebled in value in just three days this week, in a buying frenzy fueled by individual traders that have forced some of Wall Street's prominent hedge funds to close their bearish bets against the company with hefty losses.   GameStop's shares have hit record highs and the swarm of retail investors behind the rally have cheered each other on, primarily within the popular Reddit forum Wall Street Bets, which by Thursday, had around 3.5 million members.   Members have spent the past three weeks bidding up GameStop, which has se