Treasury Secretary Janet Yellen plans to meet with top federal financial agencies to discuss the Democratic administration’s response to Redditors’ ongoing hedge fund shorting game.
Those worried about loose monetary policy, angry Redditors, and retail investors looking to get rich are all jumping into the crypto game, hoping the value of their coins rockets “to the moon.”
Ben Domenech railed against Wall Street and Big Tech elites for exploiting the current stock market situation to change the rules mid-game.
What’s happening right now has nothing to do with hedge funds, free markets, pricing theory, or any of that. It’s another front in the major war taking place across the world: It’s the elite vs. the populists.
Despite an $810,000 conflict of interest, newly confirmed Treasury Secretary Janet Yellen will not recuse herself from the ongoing hedge fund mania with Robinhood and GameStop.
The Wall Street goliaths may have taken a loss greater than the GDP of Sierra Leone — and it’s not even close to being entirely tallied.
An irony fit for the first month of 2021: A trading app that touts ‘democratizing investment’ reveals it’s willing to quash the little guy to keep hedge fund giants afloat.
Given the way she paid taxes on speaking fees to big banks, Janet Yellen’s actions raise as many concerns about the actions of the man who appointed her: Joe Biden.
The new Democratic coalition of woke and wealthy find it fashionable to discard the time-tested values that built America and made it a success.
No matter how much Wall Street firms kowtow to the Chinese Communist Party, they will never gain the kind of market access they desire.
Despite Biden’s attempts to characterize his campaign as driven by the working class, he has maintained connections with some of the most prominent people in the New York financial district.
The potential nomination of Rhode Island Gov. Gina Raimondo undermines Joe Biden’s anti-Wall Street rhetoric, putting him at odds with the progressive left.
People in the financial industry have given well more than $50 million to back Biden, according to the Center for Responsive Politics, compared with some $10 million for President Donald Trump.
In the face of rising radicalism in the Democratic Party, the media’s new tactic is to paint Biden and Harris as milquetoast moderates.
Kamala Harris knows that big business and big government can get along quite well—there is money to be made off of big government, and big business is often best positioned to make it.
There are a lot of people on Wall Street and in Washington who see no problem with an America defined by big box stores and chain restaurants.
What to do about the U.S. economy in the wake of the Wuhan virus? The answer requires a mix of both short-term suppression and then long-term mitigation.
Coronavirus isn’t coming to the United States, it’s here. Even if its worst-case scenarios are never realized, the economic — and potentially political — pain will be massive.
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