B.t.w., I noticed that Fox News has not enabled comments on any of its GameStop stories. I wonder whether it is because this issue is one where the views of its audience are diametrically opposed to the powerful business interests it normally aligns with, and Fox is trying to avoid upsetting either side.
What has happened in the past several hours is that it was revealed that Citidal the Hedge fund company that lost billions to the redditors, forced Robinhood and other to freeze trades and censure any messages on censure boards which is illegal. So some lawsuits have been filed against this illegal activity and the Hedge fund companies decided-------------------- to give Janet Yellen $800,000 dollars.
Why is this significant?
Because on November 30, 2020, President Joe Biden announced he would nominate Janet Yellen to serve as secretary of the Treasury in his Cabinet.
Now all of a sudden the SEC decided not to investigate the Hedge fund companies illegal activity.
Come to find out others in Political Positions of the current administration also have ties to the many Hedge fund companies who lost money.
So instead they are going to investigate the redditors who are average citizens that banned together to take the hedge companies down.