Gaming Wall St

If you have a brain, pass. The first 15 minutes is filler, not getting into the actual story at all. Garbage. Watch Sesame Street instead. The actors are more mature.

Think this told the story of last year very well. The animation and explanations were great aswell. Yet you can't have a documantry about finance without pulling the "Old white men" card that perspective adds nothing to the story

The first episode is the only one you need to watch. The second one seemed unnececery.

This show ponders various questions, yet rarely arrives at an answer. Instead, it challenges us to (1) raise awareness, (2) learn the system, and (3) follow this hbomax link for more info.

How did Melvin Capital offload its short position in Gamestop (GME)? Was Citadel colluding with Melvin Capital and Robinhood to limit their losses and/or to profit from GME's increase? Was naked short selling practiced in the sale of GME?

Kieran Culkin, infrequent narrator, leaves us with these parting words: "It's a new generation... our generation... we won't sit on the sidelines any longer. If there's one thing the Gamestop phenomenon taught us, it's that we do have a voice, and it's time we start using it."

Cool. Thanks Kieran.

Here's my voice then: Is it a broken system? Yes.

Will it break again? Yes.

Solution?

Hmmmm.....

It's an issue that needs to be told, explained everyday to everyone until something is corrected. It's outrageous that these money pimps claim their rise but never have to pay for their fall. Our country punishes street crime more severely than white collar crime that devastated millions of people. This series explains everything perfectly and Culkin was the perfect voice to narrate.

This documentary made some valid points that the balance of power lies with the institutional investor over the retail investor. Other than that, it was a proliferation of misinformation by people who don't understand markets.

Basically, WallStreetBets played a pump-and-dump in a way that was unavailable to retail investors before social media. I like that the hedge fund got a haircut on a short squeeze, but there is nothing noble here. There is no David and Goliath story. It was Wall Street getting blindsided because for the first time, social media created a meme stock.

Robinhood halted trading because they were close to not covering the regulatory requirement. This promoted the myth that Robinhood was in the pocket of Wall Street. Again, misinformation promoted by people who don't understand.

Garbage.