Ep 705 | GAMING the System: Has Reddit Changed Wall St. as We Know It?

Sara Gonzales Unfiltered

Blaze Podcast Network

News, Politics, News Commentary

4.8 • 5.8K Ratings

🗓️ 29 January 2021

⏱️ 45 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Redditors took on investors on Wall Street by gaming the system and bought up the shares in GameStop, causing hedge fund short sellers to lose billions! Because of this, stock trading company Robinhood restricted the sales of GameStop's shares. And now a class action lawsuit is being filed against the trading company. Did Robinhood have any right to stop these sales to protect these hedge fund managers? President Biden PROMISED that taxes would not increase for people who make under $400,000, but that's not what his Commerce Dept. nominee just said. New York's attorney general says Gov. Cuomo's administration undercounted nursing home deaths by 50%! Cuomo DID just say "incompetent government kills people." He knows from experience. And lastly, the Chicago Teachers Union shared a video of their interpretive dance protest of teachers returning to in-classroom teaching, but just know that you can't unsee it! Today's Sponsor: Shopping for home essentials should be easy and convenient. That’s where Grove Collaborative comes in. For a limited time, get a FREE Mrs. Meyer’s gift set PLUS free shipping with your first order when you go to https://www.grove.co/welcome/mmcdcad-hiw/?offer=podmmcdnewsmatters21&utm_medium=podcast&utm_source=or&utm_campaign=acq-newsandwhyitmatters&utm_term=newsandwhyitmatters&utm_content=4122 Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0	This episode is brought to you by Slack. With Slack, you can bring all your people and
0:05.8	tools together in one place. It's your digital HQ where you can increase productivity,
0:11.0	enable flexibility and automate workflows. Plus, Slack is full of game-changing features
0:16.7	like huddles for quick check-ins or Slack Connect, which helps you connect with partners
0:20.9	inside and outside of your company. Slack, where the future works. Get started at
0:26.9	Slack.com slash DHQ. Today, a class action lawsuit filed against the Robinhood app after
0:33.9	a game-stop trading freeze in the New York Attorney General reveals the Cuomo administration
0:39.8	who investigated itself, apparently undercounted their nursing home COVID deaths. We've got
0:44.8	a lot to get into today and it starts right now.
0:55.6	Welcome to the News and Why It Matters. I am Sarah Gonzalez today joined by it is a Blaze
1:00.0	TV day here on the News and Why It Matters. I am joined by Steve Deice once again from
1:06.6	the Steve Deice show on Blaze TV. Also, we've got Dave Rubin of the Rubin Report also seen
1:12.9	on Blaze TV. I am glad to be with you guys. I've done a whole bunch of shows today and
1:17.4	in my life. That was the first time that ever a second before a show I got pulled halfway
1:21.7	across the table by a producer because I was in slightly the wrong spot. I was concerned
1:26.0	that they were dragging you to the left. I know that dragged me to the right. That's the
1:29.5	thing that's what we do here. That's what you people, which is what we call you. That's
1:33.3	what you people have consistently done to me. Drag to me to the right. They kept the countdown
1:40.1	going live in real time while they were doing that. That is why we have these chairs on
1:44.8	wheels. Yes, I know that now.
1:48.6	All right. I want to get into this GameStop story. I want to just, I will confess, I am not
1:55.9	a stock expert. I am reading this story and I am digesting it. I think I understand
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Blaze Podcast Network, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Blaze Podcast Network and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.