The Blackangel Posted January 29, 2021 Share Posted January 29, 2021 I got this in an email tonight. It seems more suited for the politics board than the gaming news board to me. +++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++ The Wall Street elite are in a frenzy this week after young traders on Reddit decided to hedge their own bets on the stock market — resulting in struggling companies like GameStop seeing their stocks skyrocket in value, and causing massive losses for wealthy investors. Now — at the insistence of Wall Street — trading platforms like Robinhood and TD Ameritrade are restricting trades, thereby allowing certain traders, like hedge fund managers, to keep buying and selling normally, but freezing out all others. The wealthy and powerful have always claimed our country’s free market is the cornerstone of the American Dream. Well, if it is then everyone should be allowed to participate. If you agree, add your name asking Congress to open an investigation into Robinhood and others’ decision to freeze trading for retail investors. Apparently, it’s okay for Wall Street to treat our economy as a casino, but when average people on a message board decide to do the same, they’re freezed out? We don’t think so. That’s why we’re calling on the Congressional Committee of Financial Services to open an investigation into Robinhood and other retail trading platforms’ decision to block retail investors while hedge funds are able to keep trading freely. For decades Wall Street has been doing exactly what these new traders are doing, but now that others outside of the circle of wealth have access — it’s a problem. The “market” was so quick to act when billionaires started losing their money, but when those same billionaires cause recessions and millions lose their homes, no one bats an eye. It’s time that Wall Street is held accountable. Add your name to ask Congress to open an investigation into the decision to freeze retail traders out of the market. Link to comment Share on other sites More sharing options...
The Blackangel Posted January 29, 2021 Author Share Posted January 29, 2021 Link to comment Share on other sites More sharing options...
killamch89 Posted February 3, 2021 Share Posted February 3, 2021 Now I must say that I never thought I'd live to see the day that Gamestop actually served some purpose in the world other than ripping gamers off. The debacle with Gamestop and Wall Street would require its own thread but I must say that this is the good side of gaming (though it's not directly). What do you think of this? Link to comment Share on other sites More sharing options...
Shagger Posted February 3, 2021 Share Posted February 3, 2021 3 minutes ago, killamch89 said: Now I must say that I never thought I'd live to see the day that Gamestop actually served some purpose in the world other than ripping gamers off. The debacle with Gamestop and Wall Street would require its own thread but I must say that this is the good side of gaming (though it's not directly). What do you think of this? @The Blackangel did start a topic about this situation in the politics sub-forum, so I think I'll merge the topics together as this isn't directly a gaming issue. It's still nice to see the these people are not only not the hypothesis that the top 1% of Wall Street clearly are, but are actually kinder as well. Link to comment Share on other sites More sharing options...
killamch89 Posted February 3, 2021 Share Posted February 3, 2021 2 minutes ago, Shagger said: @The Blackangel did start a topic about this situation in the politics sub-forum, so I think I'll merge the topics together as this isn't directly a gaming issue. It's still nice to see the these people are not only not the hypothesis that the top 1% of Wall Street clearly are, but are actually kinder as well. I totally agree. I am quite liking this - it really shows you that humanity still exists in some people. Link to comment Share on other sites More sharing options...
