Headline Roundup • January 29th, 2021
Financial Establishment Criticized from All Angles Amid GameStop Saga
Summary from the AllSides News Team
Featured Coverage of this Story

Newsweek
Democratic California Representative Maxine Waters, Chairwoman of the House Financial Services Committee, has pledged to convene a hearing to examine "short-selling" and other stock market practices that have recently affected the video game retailer GameStop and other stocks.
This week, members of the subreddit r/WallStreetBets undermined hedge fund and investment firm short-sellers who had betted on GameStop's stock falling. Instead, subreddit members invested heavily into its stock, increasing its value by over 700 percent during the past week and causing the firms to lose billions.
"As a first step in...

Fox News Digital
Radio host Rush Limbaugh called the on-going GameStop story "the most fascinating thing" to happen in a long time because it mirrors politics with elites trying to prevent ordinary people from benefiting β just like the political establishment has tried to hold down average Americans.
Robinhood, TD Ameritrade and others restricted trading on Thursday and Wednesday, respectively, following an unexpected surge in trading volume of shares of GameStop, AMC Entertainment, Bed Bath & Beyond, BlackBerry and others. Limbaugh feels the move was made to protect hedge fund billionaires.
"Folks, itβs...

Yahoo News
The battle between the financial establishment and small individual investors is heating up, and the situation is already becoming political β in some cases providing some interesting common ground.
The anger is bipartisan. Rep. Alexandria Ocasio-Cortez (D., N.Y.), Rep Ro Khanna (D., Calif.), Sen. Ted Cruz (R., Texas) and even Donald Trump Jr., eldest son of the former president, have all called out the situation as unfair for individual investors.
As Robinhood and other brokerages halted buying of Gamestop (GME), AMC (AMC) and other stocks Thursday, only allowing users to...
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