Regarding Gamestop, are we in for an economic crash even worse than 2008?

[ansible]

I don't really understand the stock market that well, but is this true? Is Reddit and 4chan going to end up destroying the economy?

[Demsrule86]

1. No, Hedge fund people don't add anything to the economy...the don't build anything but

just bet on stocks...the bucket laws stopped this for years and should be enacted again.

[joshcryer]

3. This. Hedge funds are gambling for billionaires.

They don't have a positive effect on society, if anything, as this flap has shown, they have a negative effect.

[ansible]

5. But if those hedge funds take down the banks too, that fucks over even more people than ever before

[applegrove]

2. I wonder if big business has any feelings on what they have unleashed

by uneducating and unagencying a people who form the GOP base now, in order to have puppets to vote for rich people not pay taxes? Maybe unions made people care about the markets because the union members were in the stock market? How is that working out for ya?

[RockRaven]

4. Reddit and 4chan aren't ruining anything. They just exposed a rotten game hedge funds and brokers

and CNBC play, and collectively beat them at it. Cornered them, with their pants down, over their skis.

The big scandal is that once rich wall street shit heads got their asses handed to them, their compatriots changed the rules to save their buddies and got exposed doing that too.