Episode 29: “Reddit Retards” Ruin The Rich

Feb 8, 2021 | Podcast

Ep. 29: “Reddit Retards” Ruin The Rich

Nothing puts the crony collusion between government and big business in your face quite like the little guy getting one over on one or both by beating them at their own game. A perfect storm of hedge funds overreaching, government ineptitude, and a mass coordinated attack via social media by the common man created just a situation in late-January 2021. Thanks to a subreddit thread called Wall Street Bets, retail traders brought billion-dollar hedge funds to their knees, the funds cried for help, and the Cathedral sprang into action. Typical.

Hosts & Guests

Dane

David

Episode Show Notes

Six Reasons Why Libertarians Should Reject The Non-Aggression Principle
http://bit.ly/2N8ehwZ

Why Gamestop’s Stock Went To The Moon In A Couple Days
http://bit.ly/3q2Xw4T

Short Selling–In Moderation–Serves A Useful Market Function
http://bit.ly/2YVutEv

NOW The CEO of The NASDAQ Wants Regulators to “Manage The Situation”… How Convenient
http://yhoo.it/3aHZS2I

Former SEC Chair, Arthur Levitt, Jr., Wants SEC to Regulate Retail Traders to “Safeguard the Investing Public”
http://bloom.bg/3p2W1SG

First Female Treasury Secretary (Yay Inclusivity!) Was Paid $800,000 In Speaking Fees to Citadel, Big Loser In Gamestop Saga – But It’s Ok, She’s “Monitoring The Situation”
http://bit.ly/3rE5phz

http://bit.ly/3p1fJ1k

Elizabeth Warren’s CFPB Hurts Small Business
http://bit.ly/3p4wwR0

The Dodd-Frank Oligopoly
http://bit.ly/3jChJfu

Fighting For The Common Man Always Takes A Backseat to Partisanship – AOC Edition
http://abcn.ws/3rvbpJp

Robinhood et al. Shut Down Trading In GameStop, AMC, Nokia, Etc. When The SHort Squeezes Are On
http://on.wsj.com/3jrsjpu

Discord Shuts Down Wall Street Bets Channel
http://bit.ly/3tDirxo

Google Removes Thousands of Bad Robinhood Reviews From Its APP Store
http://bit.ly/2N2Wo2u

Melvin Capital Loses 53% to Reddit Boys From r/WallStreetBets
http://on.mktw.net/3aE3iTO

Former Fed Chair, Before Yellen, Ben Bernanke, Is Advisor to Citadel, Big Loser On Gamestop
https://bit.ly/36SsEwe

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Related Topics: AMC | Capitalism | Cryptocurrency | Dodd Frank | Federal Reserve | Free Market | Gamestop | Nokia | Regulation | SEC | Socialism | The Cathedral | Wall Street | Wall Street Bets

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