Here's a telling headline from the front page of today's Globe and Mail, "Wall Street hits back, limiting trades on stocks pushed skyward by amateur online investors."
The gist of the story is that within two weeks of an online mob of Reddit nerds inflicting a little pain on some hedge-fund greedbags, the "professional investors" have circled the wagons and are hoping to make sure this doesn't happen again.
Two weeks!
Where was the outrage when hedge fund manager Bill Ackman destroyed 6,000 great jobs for regular folks at CP Rail?
Where was the outcry when hedge fund manager Eddie Lampert systematically looted Sears Canada, driving it into bankruptcy and destroying the pensions of 16,000 Canadian workers?
Needless to say, there's never howls of indignation in the business press when billionaire hedge fund managers are busy destroying lives and livelihoods. It's what they do, after all... it's their job!
BlackBerry was brought down by they same assholes. Time to bring these "people" down. And I use that term loosely.
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