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DR. MARK HENDRICKSON: WALL STREET OUTSIDERS VERSUS HEDGE FUNDS |
Last week, several independent investors made national news when they caused a Wall Street hedge fund to lose billions of dollars. In this article, Dr. Mark Hendrickson looks at the developments in the GameStop short squeeze and how this relates to the 2008 Wall Street bailouts. He writes, “When small investors lose their shirts by placing unwise investments, do brokerage firms, hedge funds, big banks, etc., come to their rescue? Not a chance. Yet when the big boys were losing their shirts, their Wall Street pals rushed to their aid.”
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