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100% agree. Pretty sad to see most of HN willfully ignoring this fact and jumping to the defense of Hedge Funds and the billionaire class.
by captainarab 6y ago
100% agree.
Pretty sad to see most of HN willfully ignoring this fact and jumping to the defense of Hedge Funds and the billionaire class.
- deleted 6y ago[deleted]
- wyre 6y agoReading HN this whole month has been disheartening after reading so many comments defending the insurrection and Parler.
- shrimpx 6y agoAlthough you have to see a bit of the irony in the similarity between Trump populists getting deplatformed and Redditors getting blocked from trading.
- dang 6y agoThat's an inaccurate characterization, as anyone reading these threads can easily see.
- FabHK 6y agoFWIW, I think there are no conspiracies here on the side of Robinhood, and the attacks by the revolutionary mob are misguided. Having said that, there is no question that banks ruined the economy during the GFC, and didn't pay enough of a price, and hedge fund managers often make a killing, while paying very little in taxes, and HFT make a killing without providing any social value. But the answer to that is not, I'm afraid, hyping some gaming stock and trying to squeeze a few shorts. The answer is political action - voting, pushing for proper regulation. There are lots of proposals out there: stringent capital requirements for banks; closing the "carried interest" loophole; changing the structure of markets (eg auctions every minute instead of continuous markets).