Massachusetts Senator Elizabeth Warren became a leading topic after her letter to the Securities and Exchange Commission about the GameStop trade in snafu, with sharp divisions over whose side Warren was.
Although much of the debate over the Gamestop issue is being touted as a small investor uprising against Big Hedge Fund, Senator Warren’s letter takes the broader view that no form of ‘manipulation’ is healthy.
When she tweeted the letter, Senator Warren wrote: ‘Casino-like fluctuations in GameStop’s share prices reflect wild levels of speculation that do not help GameStop’s workers or customers and could lead to market instability. Today, I told the SEC to explain what exactly it is doing to prevent market manipulation. ”
Casino-like fluctuations in GameStop’s share prices reflect levels of speculation that do not help GameStop’s workers or customers and could lead to market instability. Today, I told the SEC to explain what exactly it is doing to prevent market manipulation. https://t.co/NWaZe1jFVb pic.twitter.com/MAbjHcq47i
– Elizabeth Warren (@SenWarren) 29 January 2021
Tens of thousands of users weighed in and drove Warren to a top-trending topic, as some users discussed the merits of her position, others interpreted the letter invaluably, while others defended the senator.
In which Elizabeth Warren once again stands on Wall Street pretending to do it for the boy. https://t.co/Js7020eiqE
– Erick Erickson (@EWErickson) 29 January 2021
I want to note, while many politicians in both parties have said stupid things about it $ GME, Elizabeth Warren’s letter is clever, asks the right questions and does not buy into the story that this stock bubble is a win for the boy. https://t.co/QyL7XbyIaW pic.twitter.com/CUswlp6xHZ
– Josh Barro (@jbarro) 29 January 2021
Warren does not join hedge funds. If you read her letter, she points out how this whole episode exposes the absurdity of the US stock market. This is a card house that can expire at any time.
Google only Dutch tulip bubble. https://t.co/kOFYMpcjop
– Alex Morash (@AlexMorash) 29 January 2021
It sounds like Warren is trying to protect the hedge funds https://t.co/VJb8v2KORP
– Tim Pool (@Timcast) 29 January 2021
This letter has a kind of tinor quality, but Elizabeth Warren was generally right in the policy. https://t.co/pwLnSbuwxl
Matt Stoller (@matthewstoller) 29 January 2021
Elizabeth Warren has only one side: the facts. Stop pretending she’s taking the side of someone in the Gamestop case.
We need to know: is it market manipulation to sell more shares than there are? Do hedge funds create systemic risk by over-selling their short sales? https://t.co/jnb90eCsE0
– Grant Stern (@grantstern) 29 January 2021
Hedge Fund Liz! https://t.co/s8O8jPAk1Y
– Allum Bokhari (@LibertarianBlue) 29 January 2021
We’re about to see which politicians are owned by Wall Street 👇👇🚀🚀🇺🇸 https://t.co/HUcTGX2hWG
– James Ellars @ (@Ellars) 29 January 2021
Along with the hedge fund that deliberately feeds and destroys people’s inventory. 👏🏽👏🏽👏🏽
– Rita Panahi (@RitaPanahi) 30 January 2021
I’m old enough to remember when Elizabeth Warren was against Wall Street. https://t.co/WBiED2ybBh
– Virginia Kruta (@VAKruta) 29 January 2021
I just clicked on why Warren tends, and that’s because people think that means she prefers her side of The Man instead of the ordinary man here. We are as stupid as stupid to deserve this woman. https://t.co/cLnGowBJ30
– Kate Harding (@KateHarding) 29 January 2021
Senator Warren will appear on MSNBCs on Saturday morning The cross connection with Tiffany Cross.
Do you have a tip we need to know? [email protected]