Dozens of members of the New York Young Republicans Club jumped on the anti-Wall Street wagon on Sunday and gathered in Zuccotti Park in Manhattan to explode the hedge fund managers at GameStop.
The protesters of ‘Re-Occupy Wall Street’ ripped off the big money investors as’ despicable ‘because they stopped the “little guy”, Reddit, who stopped at the video sellers’ stock last week, to sharpen it after the moneymen bet. refueling.
‘There’s blatant corruption in the buildings around us and in Greenwich, [Ct.]”Wherever they are,” Gavin Wax, the group’s president, told about 50 protesters.
“There are two standards,” Wax said. ‘There are rules for you, not for me. You have these big hedge fund guys trying to dump companies in the ground, and then they’re called on their bluff by a bunch of anonymous day traders on Reddit.
“And then they have the balls to call the guys unsophisticated,” he said. “God blesses the guy that he honestly earns money and shows them how the market really works.”
Wax predicted that the dike bag hedgers ‘will now cry and have their crocodile tears on CNBC and tell us,’ Oh, you know, you’re manipulating the market. ‘
‘These guys have been manipulating the market for years to their advantage. For years, ”he said of the wealthy stock investors.
Sunday’s protest – formed after the left-wing Occupy Wall Street demonstrations began in the park in 2011 – stemmed from a move by some Wall Street hedge funds to bet that GameStop’s stock would fall, leading to that Reddit would buy it on trading apps like Robinhood to keep it high.
The outraged money loss hedge funds then successfully rob Robinhood to temporarily halt the stock trading to stem their losses.
The toy store, once a major part of American shopping malls, was in serious decline before populist stocks gained ground.
Robinhood was charged with a class action lawsuit in Manhattan last week for removing the store’s stock from its trading options.
According to the Young Republicans, Sunday’s protest was not about political commitments – they call it a non-partisan event.
“We must take a stand today, tomorrow and every day that emerges,” Vish Burra, Vice President of the Young Republicans, said during the rally. ‘[Wall Street is] to corporatize the American dream and make a mockery of American freedom. ”
The group stayed in the park for about two hours before disbanding.
Among those speaking during the rally was Mayor Curtis Sliwa, founder of Guardian Angels, who hypocritically called it Wall Street bankers taking billions of dollars in tax-funded bailouts in 2008, only to cry dirty now.
“They screwed the little people once,” Sliwa said. “Let’s get these hedge fund samples before they get us.”