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GameStop frenzy brought the market 'dangerously close' to collapse, says Interactive Brokers founder Thomas Petterffy

17 days ago   |   By Business Insider

Summary List Placement Interactive Brokers Grou p Chairman and founder Thomas Peterffy said the country's financial markets came "dangerously close" to collapsing during the Reddit-fueled GameStop frenzy last month, more than the public realized.
"We have come dangerously close to the collapse of the entire system and the public seems to be completely unaware of that, including Congress and the regulators," Peterffy told CNBC in an interview on Wednesday.
In January, day traders drove up the share price of GameStop and other names including AMC Entertainment, initiating a "short-squeeze...
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