The War on Wall Street | The Roundtable Ep. 54
The American Mind
The Claremont Institute
4.6 • 1.2K Ratings
🗓️ 29 January 2021
⏱️ 81 minutes
🧾️ Download transcript
Summary
Those crazy kids actually did it: A group of redditors under the banner of r/WallStreetBets are singlehandedly taking the populist fight to Wall Street billionaires—and they’re winning. For now. Of course, elites of every stripe are spitting mad. Our editors discuss this strange and hilarious new movement. Plus: what is in Trump’s political future—and by extension, the GOP’s?
Transcript
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| 0:00.0 | coming up on this episode of the roundtable. |
| 0:03.2 | I became very, very wealthy, very fast in spirit, |
| 0:08.0 | in vitality. |
| 0:09.1 | I could feel the animal spirits surging through me at the exhibition of such powerful |
| 0:17.5 | libertarian energy, spontaneous people spontaneously organizing to create value in this world. The Welcome everyone once again to the Roundtable, the publishers and editors |
| 0:56.8 | podcast, podcast, yeah that's what it is of the American Mind here at the |
| 1:00.6 | Claremont Institute. I'm your host Ryan Williams, president the Claremont Institute, I'm your host, Ryan Williams, President of the Claremont Review Books. |
| 1:06.4 | I'm joined by Matthew Peterson right before he moves to Texas, but we'll occasionally have them here in the studio. |
| 1:12.8 | Nonetheless, founding editor of the American |
| 1:16.1 | Mind, Vice President of Education here, |
| 1:17.8 | Claremont James Polis, executive editor |
| 1:19.8 | of the American Mind. |
| 1:21.1 | Spencer Clavin, associate editor of the American Mind, and the Claremont Review |
| 1:25.0 | books now ensconced in Nashville, Tennessee, and David Barr, Senior Director of Communications |
| 1:32.4 | here, Claremont and Honorary Tammer forever. |
| 1:37.8 | So I just have one question to open this podcast with, which is, how rich did everyone get from buying their GameStop stocks? |
| 1:47.0 | No, it's been a wild few days in the new digital landscape in which we operate where a bunch of, |
| 1:58.0 | I would say it's a mix of savvy Robin Hood investors and trawlers and their various friends and fellow travelers on the |
| 2:11.1 | Reddit subthread, Wall Street Betts have driven a fairly well capitalized |
| 2:19.0 | hedge fund to lose a lot of money, I think north of 100% of their investment in shorting a |
| 2:27.2 | stock for a for a company that half of America probably didn't know existed, which is a storefront place called Game |
| 2:34.3 | Stop with, I forget how many, 5,000 locations nationwide, 1,000 I forget. |
... |
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