I would like to first discuss what happened with GameStop and then move to the impact of capitalism on society. This is another topic where Republicans and Democrats have found common ground. Answer 2-3 of the questions below.
How is what WallStreetBets did different from what hedge funds normally do? (GameStop is market manipulation vs. hedge fund billionaires shorting a stock is just an investment strategy.) Did Robinhoods restrictions punish ordinary people, while large investors and hedge funds were able to trade freely? Did the platforms (Robinhood, AmeriTrade, etc.) have a fiduciary responsibility to protect their investors or did they side with the hedge funds? At what point is governmental involvement necessary?
It may be helpful to view/read the citations below in this order.
Elfenbaum, O. (2019). How does the stock market work? Retrieved on February 7, 2021 from https://youtu.be/p7HKvqRI_Bo
Thorbecke, C. (2020). GameStop timeline: A closer look at the saga that upended Wall Street. Retrieved on February 7, 2021 from https://www.google.com/amp/s/abcnews.go.com/amp/Business/gamestop-timeline-closer-saga-upended-wall-street/story%3fid=75617315
Matthews, C. (2021). Yellen meets with regulators over GameStop volatility, vows to protect investors. Retrieved on February 4, 2021 from https://www.morningstar.com/news/marketwatch/20210204755/yellen-meets-with-regulators-over-gamestop-volatility-vows-to-protect-investors
Interesting Articles
Maverick, J. B. (2021). How to Deduct Stock Losses From Your Tax Bill. Retrieved on February 8, 2021 from https://www.investopedia.com/articles/personal-finance/100515/heres-how-deduct-your-stock-losses-your-tax-bill.asp
Nagaraj, S. (2021). When Piggly Wiggly Tried to Stick It to Wall Street. Retrieved on February 8, 2021 from https://www.google.com/amp/s/slate.com/business/2021/02/piggly-wiggly-short-squeeze-gamestop-wall-street-nyse.amp
Rasmussen Report. (2021). 66% of Voters Believe Insiders Manipulate Stock Market. Retrieved on February 2, 2021 from https://www.rasmussenreports.com/public_content/business/stock_market/66_of_voters_believe_insiders_manipulate_stock_market
Discussion Grading Rubric
15 Points: Student responded to the discussion prompt in 6-8 complete sentences and articulated a clear viewpoint on the topic. Student incorporated relevant research, correctly cited at least 2 sources in MLA or APA format, and used proper grammar.
(Students must provide an above average viewpoint on the discussion prompt, answer the question(s) in the discussion prompt, incorporate relevant research and should cite the article used in the discussion prompt along with additional research.)
10 Points: Student responded to the discussion prompt in 6-8 complete sentences and answered the prompt in a thoughtful manner. Student correctly cited work in MLA or APA format and used proper grammar.
(Students must answer the question(s) in the discussion prompt, provide more support to answer the prompt other than their personal opinion and cite the article used in the discussion prompt.)
7 Points: Student responded to the discussion prompt in 6-8 complete sentences and articulated a clear viewpoint on the topic. Student used proper grammar.
3 Points: Student responded to the discussion prompt in 4-5 sentences and answered the prompt in a generic manner. Student used proper grammar.
0 Points: Student did not submit a discussion post. Student plagiarized portions of the submission. Student did not cite work and/or use proper grammar.
Citing Sources
Purdue Writing Lab is a great website to use when citing sources. Every cited source should have the following: authors name, title of article, name of source, date and link to article. There are exceptions when citing sources and as long as the link is attached, I can verify if the source was cited correctly.
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