What did we learn from the GameStop hearing? Members of Congress favor a tax on ALL stock transactions (including losses), many want retail traders to provide evidence of "financial literacy" before being allowed to buy options, and most have a profound misunderstanding of social media and markets

Submitted ⁨⁨4⁩ ⁨years⁩ ago⁩ by ⁨redditmirrorbot@hoot.goldandblack.xyz⁩ to ⁨GoldAndBlackReddit@hoot.goldandblack.xyz⁩

https://www.reddit.com/r/GoldandBlack/comments/lmzfkz/what_did_we_learn_from_the_gamestop_hearing/

link to original reddit post by /u/perma-monk

The majority of the hearing was virtue signaling mixed with microphone feedback. What a nightmare. I think naked shorts was mentioned only once, and nearly every Democrat spent their 5 minutes talking about de-liberalizing markets and closing off opportunity to small investors.

source

Comments

Sort:hotnew top