They are young, they are Republicans – and they are crazy as hell on Wall Street.
Young Republican Party members in New York are planning to storm Zuccotti Park in Lower Manhattan on Sunday for the “Reoccupy Wall Street” rally to protest actions by hedge funds and other financial institutions to undermine Reddit fuels populist GameStop stock purchases this week.
“What we’ve seen in the last few days has been totally despicable. Group head Gavin Wax told The Post,“ A lot of people are upset. ”“ We have toast and the bottom classes for anyone else who can’t sit at the big boy table and make money. ”
GameStop, a dusty video game and electronics retailer, saw stocks soar by more than 1,700 percent as amateur traders today poured money into stocks to protest Wall Street short sellers looking to profit from the company’s failure. The movement was initially curated by the Reddit WallStreetBets page.
As stocks rose and hedge funds incurred billions of dollars in losses, multiple trading apps moved to block additional sales of the share. One – aptly named RobinHood – was struck by a Class action.
I think they need a trial. Many of these men need jail. Text messages and emails must be confiscated. Was coordinated. “There should be repercussions,” Wax said of the institutional effort to close down hobbyist traders.
Ironically, the GOP rally in Wax is seeking to restore some of the energy that prevailed in 2011 Occupy the Wall Street protests – Which mostly saw the left turn the park into a semi-homeless camp that shook the city for months.
Hurry together threw Eventbrite invite Members of the Yemeni Youth Organization and fellow travelers invite to gather in the park at noon. The invitation reads: “Bring the signs and wear warm clothes.”
But Wax said it wouldn’t become overnight like the old days.
He said, “We have jobs to go to on Mondays.” It will be nice and organized. We’ll take a shower. “