Charles, over at Fox, explained that the stock had been oversold by 140% and every single share including the oversold phantom shares, was shorted. Very stupid thing for Wall Street to do in their attempt to run a business out of business.
If any charges should come down it should be the brokerage houses that oversold by 140% and then conspired amongst each other to destroy a business for their own personal profit.
If there is enough money, you don’t have to follow the same laws others do.
Going after the hedge funds for illegal shorts will impact a lot of big money, big names, and political elites whose money is in the funds.
Those same parties are scared, frightened, and worried that the great unwashed found a way to strike them. They are calling the SEC demanding to be protected and made whole.
Just like with the riots, watch who they protect, who they defend, and who they destroy.