@RepMaxineWaters vows to “find out” who participates in the WallStreetBets subreddit; "WallStreetBets is the forum that we are going to be focused. Congress has concerns about the use of social media in financial trades and intends to investigate the amateur investors on Reddit's WallStreetBets community. Don’t take their narrative as fact. If the government is bailing such players out, the government doesn't get the money back if people profit, Trump explained, reiterating that Waters fails to understand how the system of exchanges work. This latest comment from Congresswoman Maxine Waters is downright insane,” Trump captioned the four-minute Rumble video uploaded on Friday afternoon. [Video] February 21, 2021, 9:40 am 1.5k Views "It's really something when you realize how incompetent most Democrats are. The establishment media is increasingly dedicated to divisive cancel culture, corporate But how do you ask some of the biggest bankers in the world to come in and testify so that you could make a decision—hold them responsible—but you don't even know what they do for a living? Good work D.C. https://t.co/kVHedi8l2J. On the other side, banks are highly regulated but something like Reddit isn't. In the aftermath of the GameStop short squeeze, Rep. Maxine Waters (D-CA), the chairwoman of the House Financial Services Committee, says that Congress has concerns about the use of social media in financial trades and that it intends to investigate the amateur investors on Reddit's WallStreetBets community. Anything having to do with Maxine Waters is laughable ! Scott Applewhite, Pool/AP. Good work D.C.", Apparently stocks only go up according to Maxine Watters!! Waters took heat from conservatives who accused her of having a fundamental lack of understanding of how financial markets work after she commented on the GameStop / Hedge Fund controversy. Waters took heat from conservatives who accused her of having a fundamental lack of understanding of how financial markets work after she commented on the GameStop / Hedge Fund controversy. “I mean, it would be nice,” Trump jested. On the 2020 presidential campaign trail just before Election Day, then-candidate Joe Biden joined Hollywood celebrity turned anti-fracking activist Lady Gaga. Maxine Waters vows to get to the bottom of this scourge that is the free exchange of information. Donald Trump Jr. slammed Rep. Maxine Waters (D-CA) for her fundamental lack of understanding of how the stock market works in relation to the recent GameStop/Reddit saga. window.googletag.pubads().addEventListener('impressionViewable', function(event) { "So she's questioning without any knowledge. The Democrats and the media are one and the same and we have to call out that nonsense," Trump said as he signed off. Maxine Waters promoted giving homes to people who couldn't even pay their property taxes, not to mention making it impossible for them to pay on a mortgage. }); In the aftermath of the GameStop short squeeze, Waters said that Congress has concerns about the use of social media in financial trades and intends to investigate the amateur investors on Reddit's WallStreetBets community. hitType: 'event', ga('ads.send', { another said. At no point did Waters inquire about the possibility of refunds for money lost in the stock market. Think about having such a fundamental non-understanding of the stock market that you wonder why people who invest in there, if they lose money, if they make a bad decision, shouldn't just randomly be just reimbursed. 2 months ago. Community. Congresswoman Maxine Waters plans to thoroughly investigate the GameStop trading frenzy by holding multiple hearings on the matter. This is a secure Democrat seat in progressive California where Waters didn’t … The Ultimate BACKFIRE Tweets! Now Trump, the executive vice president of his father's Trump Organization, has spoken out against the left-wing backlash driven by out-of-touch elites like Waters. It would be wonderful. Most members of that committee think day trading has to do with a bartender shift exchange. gads_event = event; eventAction: 'click_adunit' In recent days, American financial markets have been gripped by the saga of a video game retailer’s soaring stock price. eventCategory: event.slot.getSlotElementId(), "[Waters is] there only because she's been there longer than others," Trump said of the congresswoman's committee position. },false) The former president's eldest son stated that Waters asked if those who lose money in the stock market should be compensated for their losses. Waters is always on our radar as I, and my colleague Mike Miller have documented. 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