I think my biggest frustration with this whole GME is that I’m a *giant* defender of broad market participation. I think everyone owning a small piece of the economy leads to a better, fairer world. (1/2)
Moments like this not only convince normal that it’s not worth investing, but also provides proof that some investing professionals have no interest at all in free and fair markets that offer the same opportunities to all.
Is the GME/AMC/BB/KOSS trade big dumb? Sure, but people have the right to put their chips on the table, and shouldn't be hamstrung and cheated out of potential gains in order to protect hedge funds.
I also find the idea that broker dealers were trying to "protect" retail investors disingenuous. If they actually cared about that, they would have tightened margin restrictions a year ago. They didn't because ultimately all they care about is packaging deal flow.
Which is fine, that's your right, when your customers don't pay commissions they are, in fact, the product. But at least be transparent about it.
• • •
Missing some Tweet in this thread? You can try to
force a refresh
