Gamestop Corporation (GME)

[king oil]

I don’t understand how there is any debate as to who is to blame for the situation. The hedge funds shorted beyond 100% of total shares outstanding. The SEC looked the other way and did nothing even as the short position exceeded 100%. The stock was on the failure to deliver list for weeks. Again where is the SEC? Obviously something is wrong if the shares sold short far exceeds the total shares outstanding. To help the hedge funds escape their catastrophic position certain brokerages restricted or prohibited buying while still allowing selling. One of these brokers is owned by a hedge fund. Conflict of interest anyone? The obvious effect was to force the share price down and allow shorts to cover at lower prices.

Again I don’t see how there is any debate.