Internet prank or ‘revolution’? Making sense of the GameStop stock surge
I am quoted in this ABC News article:
Kass expects regulators will carefully review what happened with GameStop and other stocks in recent days to determine if new rules are needed. Officials want to promote free, open, and transparent markets, but they also value stability.
“I think we need to see, are more guardrails needed, because is there potential for systemic risk here?… This could build up over time. Somehow or other, we need to figure out a way to calm things down,” Kass said.