The White House is staying silent as chaos reigns on Wall Street.
During Thursday’s White House briefing, press secretary Jen Psaki dodged multiple reporters’ questions about the turmoil in the stock market involving video game manufacturer GameStop — whose shares have fluctuated wildly throughout the week as small investors on Reddit banded together to drive out massive hedge funds which shorted the stock.
CNN’s Kaitlan Collins kicked off the questioning on the subject.
“Given all the volatility surrounding Wall Street and GameStop, what is the Biden administration going to protect the average American investor if there’s going to be, potentially a major market correction?”
Psaki ducked the question.
“The SEC put out a statement,” Psaki said. “I believe it was today, or in