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Acknowledges like robinhood yesterday restricted trading in gamestop and other volatile stocks. Robinhood eased up on those restrictions today but the backlash has been fierce. Here is reaction from conservative radio host Rush Limbaugh and bar stool sports Founder David portnoy. Its not just political now. The elites are Bent Out Of Shape that a bunch of average, ordinary users have figured out how to make themselves billionaires. Everything is rigged in favor of the elites. This has upset the rigging. I think its criminal. There has to be an investigation and people have to go to jail. Whether that actually happens i dont know. But ive never been more convinced about Market Manipulation and the people, the hedge funds controlling the game. Harris robinhood c ....
Level as the controversy continues. President biden met with his Economic Team at the white house today, the administration has not yet said much on the controversy only saying talk to the sec and the feds are monitoring the situation. Strong backlash by some lawmakers including alexandria ocasiocortez and republican ted cruz. Republican senator josh hawley talked about this on fox news earlier. What youve seen with this gamestop meltdown that wall street is having now is these folks at home have got more criticism and more scrutiny than the people who singlehandedly crash the entire Financial Market in 2008. And they got bailed out, the government bailed out those people. It shows you that the fix is in. John White House CorrespondentKristin Fisher pic ....
About how trading does and should work. Stocks were significantly up today after the biggest selloff in three months wednesday. The dow surging 300. S p 500 up 37. Nasdaq gained 67. Lets find out what this means for you and your money. The story of gamestop is a story about Institutional Investors versus a lot of little guys all making similar trades. Kristina partsinevelos of fox business joins us from new york. Good evening. Good evening. Its a rebellion between the Retail Investors and wall street. Its got a lot of people worried. Congress, sec, treasury secretary janet yellen. They are going to be monitoring the stock swings as well as trade restrictions. You have Companies Like gamestop that are used as a weapon. You have large, big hedge funds that noticed things werent going so well with gamestop. Peopl ....
Now theres just got to be a will to seek those out. True on school funding, true on state and local aid. Everyones getting tied around in knots what the number is. Get the policy right and whatever that number produces, thats where we should land. Look, i mean, christine, certainly there could be an incorporation of republican ideas, and there are a lot of people arguing for that. But what is unclear, if the votes, if the republican vote it might actually be more than unclear if the republican votes would actually follow those compromises . Also, theres even moderate democrats who might be concerned about sliding in a 15 hour minimum wage and you saw maneuvering last night suggesting they could put the 15 minimum an hour wage to the side not address it now. Could be confrontational. Could be a place of bipartisan agreement right now during the middle of the crisis. Even though progressives, of course, want a 15 minimum wage. Might see small maneuvering starting to satisfy people and mo ....