01-29-2021, 02:28 PM
Seems to me the hedge fund gambled, and got burned. It will get its due punishment. It deserves no protection or bail out. The buyers also gambled--they knew they were buying a shorted stock and were intentionally doing so with the intent of exploiting or punishing the short seller. If they somehow get burned, well, that's the stock market and they don't deserve a bailout either.
It's still not clear to me why I should care.
It's still not clear to me why I should care.