“For years, the same hedge funds, private equity firms and wealthy investors dismayed by the GameStop trades have treated the stock market like their own personal casino while everyone else pays the price,” she said in a statement. “It’s long past time for the S.E.C. and other financial regulators to wake up and do their jobs.”
Washington officials demurred when asked about the frenzy, with the White House press secretary saying that Treasury Secretary Janet Yellen and others “are monitoring the situation,” and Jerome H. Powell, the chairman of the Federal Reserve saying, “I don’t want to comment on a particular company or day’s market activity or things like that.”
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