Sen. Elizabeth Warren (D-Massachusetts) has long painted herself as not only a Native American but also as a critic of Wall Street, but her actions on Friday only proved she’s a lying hypocrite after coming to the defense of Wall Street Hedge Fund managers.
Warren demanded immediate action from the Security Exchange and Commission (SEC) to address the recent surge of GameStop, AMC, and other stocks perpetuated by the subreddit group ‘WallStreetBets’.
These motivated middle-class wall street investors so completely countered the moves made by hedge fund managers who had positioned themselves to short sell the stock, they drove GameStop stocks to a record high of $413 a share.
Despite, the stock closing on Friday at $325 a share, Wall Street hedge funds have taken over $70 billion in losses so far.
In a Friday letter addressing the controversy that has taken place on Wall Street over the past few days.
The supposed advocate for the ‘middle-class’ Elizabeth Warren wrote:
“Casino-like swings in stock prices of GameStop reflect wild levels of speculation that don’t help GameStop’s workers or customers and could lead to market instability,”
Warren added that the “swing” in value for companies like GameStop is “yet another example of the gamesmanship that interferes with the ‘fair, orderly, and efficient’ function of the market.”
Warren demanded a response from the SEC by February 11 on how the agency plans to “improve its enforcement capabilities”.
Casino-like swings in stock prices of GameStop reflect wild levels of speculation that don’t help GameStop’s workers or customers and could lead to market instability. Today I told the SEC to explain what exactly it's doing to prevent market manipulation. https://t.co/NWaZe1jFVb pic.twitter.com/MAbjHcq47i
— Elizabeth Warren (@SenWarren) January 29, 2021
Elizabeth Warren Champion Of The Middle-Class…BULLSHIT!
Elizabeth Warren’s book “This Fight is Our Fight” which supposedly is about why America’s middle class is under siege and how we can win the fight to save it.
So of course, the first-moment middle-class investors stand up and counter Wall Street big shots who are manipulating the stock market.
Pocahontas rides in on her pony to save her supposed evil Hedge Fund managers?
Hypocrite Elizabeth Warren Gets Slammed by Social Media
Warren was slammed on social media for her outright betrayal of her supposedly beloved “little guy” as she sided with Billionaire Wall Street insiders.
“Again, this woman is a total fraud. She’s going after the Reddit traders,” conservative pundit Katie Pavlich tweeted.
Popular podcaster Tim Pool added. “It sounds like Warren is trying to protect the hedge funds,”
Again, this woman is a total fraud. She’s going after the Reddit traders. https://t.co/m46dhuBeGX
— Katie Pavlich (@KatiePavlich) January 29, 2021
It sounds like Warren is trying to protect the hedge funds https://t.co/VJb8v2KORP
— Tim Pool (@Timcast) January 29, 2021
Are you saying "I asked Wall St to figure out how to stop the common person from screw up our stock prices?" https://t.co/gpqkXP7ZfO
— Xavier Dreyman, B.A., R.F. Technician (@xavierdreyman) January 29, 2021
Warren doesn't give a damn about the little guy. For her, it's all about large corporations (so the people she attacks in public but is actually tight with) https://t.co/7eZgY6BdkG
— Curtis Houck (@CurtisHouck) January 29, 2021
Warren protecting her financial elite buddies who donate millions to her. Wake up folks. https://t.co/qaMAAhRpMA
— Kyle Kashuv (@KyleKashuv) January 29, 2021