FAST FIVE: Taibbi: Let The Apes Have Wall Street
Taibbi: Let the Apes Have Wall Street Authored by Matt Taibbi via TK News On CNBC's Fast Money last week, anchor Melissa Lee appeared to mention the unmentionable.
“Look, there are a lot of short sellers out there who have been borrowing stock they didn't have,” Seymour said.
“Naked shorts, yeah,” said Lee.
Shares in GameStop plunged from $325 to $53 in a matter of days, inspiring much of Wall Street's community of Smart People to turn noses skyward as they declared “l'affaire GameStop” dead.
Ultimately, it doesn't matter who's behind the mercurial surges of stocks like GME.