{"id":110700,"date":"2021-01-30T09:42:10","date_gmt":"2021-01-30T14:42:10","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=110700"},"modified":"2021-01-30T10:18:08","modified_gmt":"2021-01-30T15:18:08","slug":"wow-elizabeth-warren-jumps-into-the-gamestock-controversy-and-begs-sec-to-investigate-reddit-and-social-media","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wow-elizabeth-warren-jumps-into-the-gamestock-controversy-and-begs-sec-to-investigate-reddit-and-social-media\/","title":{"rendered":"Wow! Elizabeth Warren Jumps into the GameStock Controversy and Begs SEC to Investigate Reddit and Social Media"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">34<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fwow-elizabeth-warren-jumps-into-the-gamestock-controversy-and-begs-sec-to-investigate-reddit-and-social-media%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=110700&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>&nbsp;<\/p>\n<h3><strong>Fake Indian and US Senator Elizabeth Warren decided to jump into the debate on the GameStock trading controversy.\u00a0\u00a0 Her position shows that she is a fake populist too.<\/strong><\/h3>\n<p>Senator Warren drafted a letter to the SEC to address the recent trade activities in the markets involving GameStock stock and others.\u00a0\u00a0 <a href=\"https:\/\/bigleaguepolitics.com\/fake-populist-elizabeth-warren-begs-the-sec-to-protect-wall-street-from-small-investors-after-gamestop-stock-rush\/\">Big League Politics<\/a> wrote:<\/p>\n<blockquote><p>Senator Elizabeth Warren has sent a letter to acting chair of the Securities and Exchange Commission (SEC) Allison Herren Lee to request information on their plan to prevent \u201cmarket manipulation\u201d by small investors following the surge in GameStock\u2019s market value.<\/p><\/blockquote>\n<p>Warren tweeted out her comments as well:<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">Casino-like swings in stock prices of GameStock reflect wild levels of speculation that don\u2019t help GameStop\u2019s workers or customers and could lead to market instability. Today I told the SEC to explain what exactly it\u2019s doing to prevent market manipulation. <a href=\"https:\/\/t.co\/NWaZe1jFVb\">https:\/\/t.co\/NWaZe1jFVb<\/a> <a href=\"https:\/\/t.co\/MAbjHcq47i\">pic.twitter.com\/MAbjHcq47i<\/a><\/p>\n<p>\u2014 Elizabeth Warren (@SenWarren) <a href=\"https:\/\/twitter.com\/SenWarren\/status\/1355187260514250754\">January 29, 2021<\/a><\/p><\/blockquote>\n<p>And later Warren went on TV to attack small-time investors.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">Hugely disappointing from Warren.<\/p>\n<p>It&#8217;s REALLY important to separate what happened earlier in the week, people buying Gamestock \u2013<\/p>\n<p>From the massive coordinated conspiracy by firms to restrict trading + crash prices today to benefit hedge funds, who profited by continued trading. <a href=\"https:\/\/t.co\/mzCJV8HTVB\">https:\/\/t.co\/mzCJV8HTVB<\/a><\/p>\n<p>\u2014 <img decoding=\"async\" class=\"wp-smiley\" style=\"height: 1em; max-height: 1em;\" src=\"https:\/\/s.w.org\/images\/core\/emoji\/13.0.1\/72x72\/1f4c8.png\" alt=\"\ud83d\udcc8\" \/><img decoding=\"async\" class=\"wp-smiley\" style=\"height: 1em; max-height: 1em;\" src=\"https:\/\/s.w.org\/images\/core\/emoji\/13.0.1\/72x72\/1f911.png\" alt=\"\ud83e\udd11\" \/><img decoding=\"async\" class=\"wp-smiley\" style=\"height: 1em; max-height: 1em;\" src=\"https:\/\/s.w.org\/images\/core\/emoji\/13.0.1\/72x72\/1f4b7.png\" alt=\"\ud83d\udcb7\" \/> Gamestop stock buyer <img decoding=\"async\" class=\"wp-smiley\" style=\"height: 1em; max-height: 1em;\" src=\"https:\/\/s.w.org\/images\/core\/emoji\/13.0.1\/72x72\/1f680.png\" alt=\"\ud83d\ude80\" \/><img decoding=\"async\" class=\"wp-smiley\" style=\"height: 1em; max-height: 1em;\" src=\"https:\/\/s.w.org\/images\/core\/emoji\/13.0.1\/72x72\/1f579.png\" alt=\"\ud83d\udd79\" \/><img decoding=\"async\" class=\"wp-smiley\" style=\"height: 1em; max-height: 1em;\" src=\"https:\/\/s.w.org\/images\/core\/emoji\/13.0.1\/72x72\/1f4fa.png\" alt=\"\ud83d\udcfa\" \/> (@Jamie_Maz) <a href=\"https:\/\/twitter.com\/Jamie_Maz\/status\/1354915445460054020\">January 28, 2021<\/a><\/p><\/blockquote>\n<p>The five-page letter can be read <a href=\"https:\/\/www.warren.senate.gov\/imo\/media\/doc\/01.29.2021%20Letter%20from%20Senator%20Warren%20to%20Acting%20Chair%20Lee.pdf\" target=\"_blank\" rel=\"noopener\">here<\/a>. In it Warren begins:<\/p>\n<blockquote><p>I am writing regarding the recent surge in share prices for the video game retailer GameStop, whose stocks are \u201cup 1,700 percent this month, including Wednesday\u2019s climb of 135 percent\u201d \u2013 driven by what one expert called a \u201cflash mob with money.\u201d These wild swings in value of GameStop and other companies that are subject to similar bets by traders are \u201cdetached from the factors that traditionally help establish a company\u2019s value to investors,\u201d I am <strong>deeply concerned that these casino-like swings<\/strong> in the value of GameStop and other company shares are yet another example of <strong>the gamesmanship that interferes with the \u201cfair, orderly, and efficient\u201d function of the market<\/strong>, raising obvious questions about public confidence in the market and those trading in it. I am writing to seek information on how the SEC intends to address these concerns and prevent these and future incidents of potential market manipulation.<\/p>\n<p>Hedge funds, such as Melvin Capital Management, have bet that GameStop\u2019s shares would fall in the hopes of reaping substantial profits. In recent weeks, however, share prices for GameStop began to rise, with a dramatic surge in recent days fueled not by any changes in the company\u2019s economic fundamentals but by anonymous traders on the Reddit forum r\/WallStreetBets. News reports state that these traders moved quickly to buy options contracts in an apparent attempt to target large investors.\u00a0 This \u201cepic contest between Wall Street traders who bet against stocks and legions of small-scale investors\u201d has fueled a level of speculation \u201cnot seen since the tail-end of the dot-com boom two decades ago.\u201d These shifts also raise questions about broader instabilities in the market and financial system, as \u201c[n]o one knows how this ends\u201d and \u201c<strong>the intense activity could eventually prompt a wider sell-off in the market by forcing hedge funds on the losing side of these trades to sell parts of their portfolios to raise cash to cover their losses.\u201d<\/strong><\/p><\/blockquote>\n<p><strong>Warren\u2019s comments show she has picked the side of the big hedge funds who make money betting that a company\u2019s stocks will fail.\u00a0 This is fine with Warren but when individual investors get together to buy a certain stock, which ends up with the big hedge funds losing the money on their bets that a company fails,\u00a0 the hedge funds should be protected!<\/strong><\/p>\n<p><a href=\"https:\/\/bigleaguepolitics.com\/fake-populist-elizabeth-warren-begs-the-sec-to-protect-wall-street-from-small-investors-after-gamestop-stock-rush\/\">Big League Politics<\/a> concluded:<\/p>\n<blockquote><p>Turns out Elizabeth Warren is just as much of a populist as she is an American Indian. Be wary of those who put on a populist act when it\u2019s convenient but side with oligarchs against the people when the chips are down. This lesson applies to both left-wing and right-wing populists alike.<\/p><\/blockquote>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">lol for anyone falling for Warren\u2019s con, read the letter she sent. <a href=\"https:\/\/t.co\/9iMwAfh607\">pic.twitter.com\/9iMwAfh607<\/a><\/p>\n<p>\u2014 Cerno (@Cernovich) <a href=\"https:\/\/twitter.com\/Cernovich\/status\/1355193838030049281\">January 29, 2021<\/a><\/p><\/blockquote>\n<p><strong>Well said.<\/strong><\/p>\n<div id=\"dsk-box-ad-c\"><\/div>\n<p>The post <a href=\"https:\/\/www.thegatewaypundit.com\/2021\/01\/lie-watha-elizabeth-warren-jumps-gamestock-controversy-begs-sec-address-stock-market-gamesmanship\/\" rel=\"nofollow\">Wow! Elizabeth Warren Jumps into the GameStock Controversy and Begs SEC to Investigate Reddit and Social Media<\/a> appeared first on <a href=\"https:\/\/www.thegatewaypundit.com\" rel=\"nofollow\">The Gateway Pundit<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Fake Indian and US Senator Elizabeth Warren decided to jump into the debate on the GameStock trading controversy.\u00a0\u00a0 Her position shows that she is a fake populist too. Senator &#8230;<\/p>\n","protected":false},"author":1,"featured_media":1892192,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[3880,3889,3682,3886,3883,3877],"class_list":["post-110700","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","tag-elizabeth","tag-gamestock","tag-into","tag-jumps","tag-warren","tag-wow"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/110700","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=110700"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/110700\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1892192"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=110700"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=110700"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=110700"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}