who just got fed upwith the world, got fedup with being told go to college,get a job, make a living. you know,it is really frustrating. the boomers,they think we re lazy. you know the whole term, pull up your bootstrapsand work hard and you get the same lifethat they had? no. the world is very,very different these days. hell, the next pandemicin 2025 might wipe us all out anyways. i ain t got timeto wait for retirement. you got to will itinto existence. life s just not fair.the world is a harsh place and the stock market was justthe purest form of yolo. [music playing] reporter: stocks up againthis morning, 12%. short sellerscontinue to get hurt by the thread wallstreetbets and other retail [interposing voices] reporter: all this whiningby wall street, it s making me sick. reporter: this is populismcoming for capitalism. gamestop. matt kelly: on surface,i can be pretty scattered. in the water, though,it s calming for me, because you re seeing out ofa little hole, right, and
what s the story to you? - [sighs] i think the story is abouta group of idiots, a very large group of idiots, who just got fed upwith the world, got fedup with being told go to college,get a job, make a living. frankly,that s just not realistic for our generation. you know,it is really frustrating. the boomers,they think we re lazy. you know the whole term, pull up your bootstrapsand work hard and you get the same lifethat they had? no. the world is very,very different these days. hell, the next pandemicin 2025 might wipe us all out anyways. i ain t got timeto wait for retirement. you got to will itinto existence. life s just not fair.the world is a harsh place and the stock market was justthe purest form of yolo. [music playing] reporter: stocks up againthis morning, 12%. short sellerscontinue to get hurt by the thread wallstreetbets and other retail [interposing voices] reporter: all this whiningby wall street, it s making me sick. reporter: this is populismcoming for capi
and that is very troubling. - they had to sacrificesomebody in order to resolve this, and they sacrificed the peoplethat wanted to diamond hands their gamestop. and a lot of peoplelost a lot of money. andy barr:so if anyone has a problem with your decisionto halt trades, it s fair to say thattheir frustration should be directed towardfederal regulation. vlad tenev:congressman, you know, i m not trying to throwanyone under the bus in direct frustrationanywhere. all i cansay is robinhood s security played this by the booksand played it basically the only waythat we could remain in compliancewith our deposit requirements. andy barr:mr. tenev, i appreciate chris garcia:wall street s got it to where they have every card and they knowevery rule of the game to where we re going to bend and bend those ruleswithout breaking them. and the problemis what they do, us typical little guys will never be ableto do that stuff, right? maxine waters:mr. gill, you are now recognizedfor five minutes to pr
be transparent. man:the irony of this entire thing is that robinhoodprovided a platform for all these investorsto pour into the market, and they added hundredsof thousands of new accounts. people wanted to attackwall street, and thereality of the situation is they broke robin hood. mr. tenev, you took from your customers in orderto minimize the $3 billion from being largerthan it probably would have been because you wantedto protect your position, and that is very troubling. - they had to sacrificesomebody in order to resolve this, and they sacrificed the peoplethat wanted to diamond hands their gamestop. and a lot of peoplelost a lot of money. andy barr:so if anyone has a problem with your decisionto halt trades, it s fair to say thattheir frustration should be directed towardfederal regulation. vlad tenev:congressman, you know, i m not trying to throwanyone under the bus in direct frustrationanywhere. all i cansay is robinhood s security
man:the irony of this entire thing is that robinhoodprovided a platform for all these investorsto pour into the market, and they added hundredsof thousands of new accounts. people wanted to attackwall street, and thereality of the situation is they broke robin hood. mr. tenev, you took from your customers in orderto minimize the $3 billion from being largerthan it probably would have been because you wantedto protect your position, and that is very troubling. - they had to sacrificesomebody in order to resolve this, and they sacrificed the peoplethat wanted to diamond hands their gamestop. and a lot of peoplelost a lot of money. andy barr:so if anyone has a problem with your decisionto halt trades, it s fair to say thattheir frustration should be directed towardfederal regulation. vlad tenev:congressman, you know, i m not trying to throwanyone under the bus in direct frustrationanywhere. all i cansay is robinhood s security