Redditors, GameStop and Wall Street: The Government should do nothing

LOS ANGELES, January 28, 2021 — By now the entire investing world has been captivated by the story of a few plucky online bandits who took on the big boys of Wall Street and beat them. The Redditors drove up the price of GameStop and other stocks and short-squeezed the life out of some major hedge funds. For one day, David slew Goliath. Rather than just accept defeat, the hedge funds threw a temper tantrum and demanded government action.Congressional investigations may be on the way. Newly appointed Treasury Secretary Janet Yellen ordered online trading companies to crack down. Online investor…

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HEDGE accordingly