heh.
https://www.*.com.au/gamestop-stock-funds-squeeze-sachs-biggest-short-goldman-2021-2?r=US&IR=T
Srsly…. Goldman Sachs are blaming ma and pa investors for the short squeeze…hurting the poor hedge funds……the people not the financial institutions will be blamed for the BIG crash
Notice how they say that checking deposits and saving grew by $US4/5trillion….really…there must be a hell of a lot of multimillionaires living on the streets then….
- Day traders have driven up GameStop and others, costing short-sellers billions.
- Goldman said retail investing was thriving because of the large amount of savings built up during the coronavirus period,as well as government stimulus.
- “During 2020 credit card debt declined by more than 10%, checking deposits grew by $US4 trillion, and savings grew by $US5 trillion,” the investment bank’s analysts said.
- “On top of these savings, our economists expect more than $US1 trillion in additional fiscal support in coming months,including another round of direct checks.”
