There's just so much hilarity in this blog post, I'll just leave it here. Enjoy. Following the last several sessions of massive short squeezes in numerous stocks, including Gamestop, AMC Entertainment Holdings, BlackBerry Limited, among others, White House Press Secretary Jen Psaki addressed these issues with reporters on Wednesday afternoon, saying that the Biden administration, including Treasury Secretary Janet Yellen, are "monitoring" the situation in the stock market (which, needless to say, is a bit odd - the president rarely monitors the market when a cabal of hedge funds manages to ramp a stock 100%, 200%, or more, yet when retail investors do it... time for alarm). Psaki reminded everyone that "the stock market isn't the only measure of the health of our economy." This begs the question why is the government monitoring markets when retail traders are making hand over fist buying most shorted stocks, while hedge funds are getting crushed by their short positions? And a better question: does the Biden admin realize that it was Yellen's policies for half a decade that enabled this market idiocy? Below we present some of the best responses to this latest example of how the Biden nanny state will soon crash the last trace of capitalism:
I saw this hilarious article about the CEO for Gamestop coming into his CFO's office and asking what they were doing with the stock that day. The CFO had no idea what he was talking about until he turned on CNBC.
I don't feel bad AT ALL for the wall street funds. Fuck 'em. They got their bailouts long ago. These are the people I feel bad for, and am happy they got some payback. Unfortunately, they're also the ones who will get hurt when this explodes.