Washington Lets Stock Mania Unfold in Reminder of Market’s Risks
- Ex-Treasury officials see no crisis in surges of GameStop, AMC
- SEC, CFTC lack confirmed leaders, limiting agencies’ response
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Frenzied trading by retail investors has swept up a struggling video-game retailer, a movie theater operator and now the price of silver -- capturing Wall Street’s imagination and drawing promises of close scrutiny from Washington.
But while regulators, lawmakers and the Biden administration say they’re closely monitoring the market turmoil, there’s little sign the government is poised to intervene.