Friday, January 29, 2021

The police were there, you idiot, that was the problem

Fmr. SEC commissioner compares GameStop short squeeze to Capitol riot


She then said that the ongoing GameStop debacle is “[n]ot unlike what we saw on January 6 at the Capitol.”

“If you don’t have the police in there at the right time, things go a little crazy,” Unger continued.

The police were there, they violated most of the norms of efficient trading and caused the short squeeze by posting all the short sellers and their positions.  Then the police forces all trades through a socialist central ledger which is a regulated mess created by uninformed police, like herself.

The two events are completely incomparable, and the fear of goid hits me knowing we actually appoint idiots such as herself.

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