Reddit vs Wall Street
The Political Orphanage
Andrew Heaton
4.9 • 1000 Ratings
🗓️ 3 February 2021
⏱️ 73 minutes
🧾️ Download transcript
Summary
Last week Robinhood suspended trades on volatile Gamestop stocks, halting Reddit gadflies from utterly destroying a hedge fund which had shorted it. Why'd they cap things off when so many regular folk were poised to make millions? A Wall Street conspiracy? Regulatory hurdles? Jen Briney of The Congressional Dish joins the show to discuss.
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Transcript
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| 0:00.0 | Hello and I'm not a hedge fund billionaire but I'm not a hedge fund billionaire but I will |
| 0:15.2 | talk about them here in a little bit. We're going to talk about Robin Hood and |
| 0:19.7 | how reprobates over at Reddit trying to take on the Goliath that is Wall Street. |
| 0:26.3 | But then it turns out that this whole charming story of Little Guy versus Big Guy is actually |
| 0:31.5 | far more complex and might be big guy |
| 0:33.7 | versus big guy we're gonna sort out that whole thing if you've been paying |
| 0:36.2 | attention to Robin Hood you want to find out about it Jen briny will join me |
| 0:39.5 | momentarily and we will walk you through and then eventually we'll just kind of wander into broader topics about the economy and |
| 0:46.1 | regulation and whether big corporations are good or bad or evil all of that stuff |
| 0:52.0 | available to you on today's program. good or bad or evil, all of that stuff |
| 0:52.5 | available to you on today's program. |
| 0:56.0 | All of which is brought to you by your fellow listeners |
| 0:59.3 | via Patreon.com. |
| 1:01.1 | slash Andrew Heaton. You too could become an elite orphan and insider |
| 1:05.1 | orphan an orphan who keeps the lights on by going to patreon dot com slash |
| 1:09.7 | Andrew Heaton. You'll not only get that warm fuzzy feeling of making independent |
| 1:14.7 | journalism possible, you'll also have episode backlogs of bonus episodes. So if you've |
| 1:19.6 | been listening to the program for a year, if you like it, you like, I like that program. I listen to it every time |
| 1:23.8 | comes out. There's all of these other episodes you haven't heard yet that you can get by going |
| 1:28.2 | on Patreon.com slash Andrew Heaton. And for the wonderful people that are already supporting the program via |
| 1:34.2 | Patreon you have my eternal gratitude and I'm going to prevail upon it a little |
| 1:38.1 | bit more. I put out a post on Patreon entitled Build a Better Orphanage 2021 and if you have five minutes |
... |
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