Mr. Sacks: Very good article.

It’s clear that the “insiders” (whether they’re political and/or money power insiders) are feeling the heat from social media’s exponential enablement of collective action. For a rag-tag bunch of day traders to bankrupt supposedly sophisticated hedge fund managers says a lot, but for the hedge fund managers to then have the juice to kick over the game says way, way more....

Hats off to the WallStreetBets guys... they saw a vulnerability and successfully exploited it....

P.S. look for the “power insiders” to get the SEC and Exchanges to significantly curtail open position reporting requirements. This will all be done under the Orwellian banner of ensuring the smooth operation of our financial markets free from short-term manipulation...