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Timcast IRL

Timcast IRL #213 - Wall Street To Lose $70 BILLION, GameStop Rebellion HOLDS w/ElizaBleu

Timcast IRL

Timcast Media

News, Society & Culture

4.57.6K Ratings

🗓️ 29 January 2021

⏱️ 129 minutes

🧾️ Download transcript

Summary

Tim, Ian, Luke, and Lydia sit down with human trafficking advocate and activist Eliza Bleu to discuss the news of the day including the GameStop stock trading debacle, Occupy 2: GOP Boogaloo, the potential congressional hearings on the GameStop shenanigans, and the DC high security plans. 

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Transcript

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0:00.0

$70 billion, a bubble billion with a B wall street firms, $5,000 set to lose a combined

0:12.0

$70 billion off of their failing short positions.

0:17.2

You see, these companies thought that they could bet against a lot of these companies,

0:20.6

these other companies, these retail shops, and then a bunch of bored people down the internet.

0:27.0

I don't know, I got nothing else to do, let's blow up some hedge funds.

0:30.3

Now of course, they're trying everything in their power to cheat the system, to rig the

0:33.4

system.

0:34.4

Robinhood and a bunch of other apps have suspended the trading of certain stocks, not just

0:40.0

GameStop, not just AMC, and they made it personal.

0:43.1

I bought some Nokia, full disclosure, because I like the brand.

0:46.8

I think it's a funny meme about them being indestructible and I thought it was a cheap

0:52.4

stock, and I'm like, yeah, sure, I'll buy some of this.

0:54.0

I'm not going to buy the big rally, whatever.

0:57.2

Then they froze it.

0:58.6

Robinhood did.

0:59.6

I could only sit there and watch as the value just crumbled in tank.

1:03.0

They stole from me personally.

1:05.7

That's dirty.

1:07.0

Now we got word that there's going to be some congressional hearings.

1:11.1

This is getting really, really big.

1:13.0

We've got this, there's a viral post right now where someone claiming to be an insider

1:17.7

may not be real at all, but we will talk about it.

...

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