Gaming Wall St

This documentary is an eye opener. It explains complicated issues with the American financial system (with broader implications world-wide) in layman terms.

This documentary can't offer all the answers, not in a couple of hours, and not when trading stock is not fully regulated. It presents a corner case of a few people who held on to their GameStop shares against heavy odds, which exposed a flaw in the system, which is selling shares that do not exist. Apparently, this is done daily, and consistently, by all players.

The documentary goes on to say that the root cause of this problem is that corporations only suffer "nuisance" fines when found guilty, instead of their corporate leaders "suffering the sting", and going to jail.

The vast majority of Americans have suffered the consequences of a corrupt, scamming, unfair financial system. Understanding the issue is only the first step, and this documentary does a good job presenting one example of corporate greed.

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.

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.

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.....

Jokes aside, great Documentary!

We need as much noise and attention on this Mess of a stock market.

This was extremely well made, and I will continue to follow these creators, easiest 10/10 of my life.