01-28-2021, 10:40 PM
Lemon Drop wrote:
Did the reddit people violate any laws?
I think it’s illegal to intentionally manipulate markets. But when Wall Street (or rich assholes like the Hunt Brothers) do it, it’s hardly ever prosecuted. In fact, in the case of the Hunts trying to corner the silver market for gain (and screwing it up) a bunch of banks had to ride in to rescue them. Too big to fail sort of stuff.
They really should have gone to jail, but only got convicted on civil charges and paid fines.