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by moolcool 1968 days ago
I hate this sentiment so much. As if it's a bad thing that Wall Street gangster hedge funds are finally feeling the squeeze that they put on everyday working people, just because some of the money they control is pension money or university endowments. It's literally the same rationale people use to justify staying in abusive relationships. Controlling some crumbs of the great unwashed's money gives these billionaires zero moral authority to do the crap they get away with every single day. Fuck them, then fuck them again. They deserve every ounce of this and then some.
1 comments

> As if it's a bad thing that Wall Street gangster hedge funds are finally feeling the squeeze

It's categorically false to suggest that Wall Street hedge funds are all suffering from this.

Some of them are making massive amounts of money on this situation. Some of that money comes at the expense of casual investors.

This idea that Redditors are siphoning money out of hedge funds is just not true for the last round of GME investors. In fact, those latest investors will probably end up funneling their losses right into hedge funds who short this on the way back down.