Various shenanigans to manipulate the stock price of Gamestop have made it into the news of late. (I assume my readers are at least vaguely familiar with those shenanigans.) I have opinions!

1) The hedge fund that started these shenanigans is merely trying to exploit the stock market to make a quick buck. They have no interest in the underlying ( Read more... )

Until I started to work at a bank, I had no idea what a certificate of deposit or CD was. (Click the link if you don't know.) In any event, banks sell these instruments in order to generate deposits, which we then send back out as loans ( Read more... )