Senator Elizabeth Warren is neither shocked nor saddened by the Wall Road companies getting run over by Reddit-fueled trades in GameStop and AMC.

“For years, the identical hedge funds, non-public fairness companies, and rich traders dismayed by the GameStop trades have handled the inventory market like their very own private on line casino whereas everybody else pays the value,” the Massachusetts Democrat stated in a press release Thursday.

A bunch of Reddit customers have focused GameStop (GME), AMC (AMC) and different shares which can be closely guess in opposition to by quick sellers. They’ve efficiently despatched the shares skyrocketing — regardless of an absence of main elementary information. And that has brought on large losses for some hedge funds and different market gamers.

“It is not information that the inventory market does not replicate our precise financial system,” Warren stated.

The Democrat, who’s the rating member on the Senate subcommittee on monetary establishments and client safety, used the incident to resume her name for a crackdown on Wall Road.

“It is long gone time for the SEC and different monetary regulators to get up and do their jobs,” Warren stated, “and with a brand new administration and Democrats working Congress, I intend to ensure they do.”

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