Name:   MartiniMan - Subject:   Revolution in the markets Date:   1/28/2021 9:40:20 AM

Not sure if any of you have been following the GameStop brouhaha that is going on right now.  Here's the executive summary.  Melvin Capital (a hedge fund that makes billions shorting stocks and screwing retail investors) had a huge short position in GameStop.  They were betting the stock would go down and by taking such a huge short position (140%) they manipulate the market, drive the price down and then make a huge windfall at the expense of ordinary investors.

Apparently a group of retail investors on a Reddit forum banded together to buy GameStop and drive the price up from a low of $6/share to $340 per share which cost Melvin Capital almost $13B and forced them to be bailed out by some investor to the tune of almost $3B.  And so what we have right now is collective outrage from the hedge fund billionaires calling for regulation.  So once a collective of small investors are beating them at their own game they are whining for govt regulation to save their cash cow.  As Charles Payne put it so well on Fox Business News no one was complaining when Melvin Capital was trying to destroy GameStop with their massive short which would screw over retail investors.  But suddenly when the retail investors band together to beat them at their own game they are up in arms.

I can assure you the lobbyists are right now knocking down the doors in Congress and the WH to stop ordinary investors from beating them at their own game.  And they will likely succeed. And this is not a partisan thing....I can assure you they are after every member of Congress and would have been after the Trump admin if he was still in office.  This is how they rig the system, use their influence with the Fed'l govt to keep their gravy train going at the expense of you and me.