Donald Trump’s pick to lead the Federal Housing Finance Agency — the federal agency that oversees more than $7 trillion in mortgage loans — is a man named Bill Pulte. Among the matters Pulte has been pressed on as senators weigh his confirmation is the fact that roughly 24,000 tweets …
Read More »Bill Pulte, Trump's Housing Nominee, Has Quite a History With Meme Stocks
The Federal Housing Finance Authority oversees roughly $7.7 trillion — with a T — in mortgage loans belonging to homeowners across the county. It’s in charge of regulating Fannie Mae and Freddie Mac, the government entities that form the backbone of the U.S. mortgage market — entities that have been …
Read More »Meme Stocks Are Going 'To the Moon' Again. How Long Can the Party Last?
Why wait for history to repeat itself if you can force it to yourself? Former financial analyst Keith Gill, known as Roaring Kitty on YouTube and X and u/DeepFuckingValue on Reddit, helped to usher in the “meme stock” craze in early 2021, sending the value of shares in GameStop and …
Read More »'Dumb Money' Turns the GameStop Saga Into the Gen Z 'Big Short'
“I like the stock!” In terms of revolutionary rallying cries, it’s no “Liberté, égalité, fraternité!” or “We will fight them on the beaches …” or “They will never take our freedom!” But by the time that Keith Gill, a.k.a. Roaring Kitty — Reddit and YouTube poster, red headband model, reluctant …
Read More »'Sound of Freedom' Fans and AMC Investors Wage War of Conspiracy Theories
Somehow, market manipulation feels good in a place like this. So might Nicole Kidman say in her iconic advertisement for AMC Theatres — if it had been scripted by the cinema chain’s hardcore investors, that is. Ever since an internet mob rescued the company from the brink of bankruptcy in …
Read More »Paul Dano Takes the GameStop Short Squeeze a Long Way in 'Dumb Money' Trailer
Two years ago, the bizarre story dominating the news cycle wasn’t about a group of billionaires lost at sea, but a different group of billionaires panicking as amateur investors on Reddit and YouTube inflated a doomed GameStop stock to get rich quick. In the first trailer for Dumb Money, the …
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