Rush Limbaugh: GameStop saga mirrors politics as elites attempt to prevent regular people from benefiting

FOX News 

Radio host Rush Limbaugh called the on-going GameStop story "the most fascinating thing" to happen in a long time because it mirrors politics with elites trying to prevent ordinary people from benefiting – just like the political establishment has tried to hold down average Americans. Robinhood, TD Ameritrade and others restricted trading on Thursday and Wednesday, respectively, following an unexpected surge in trading volume of shares of GameStop, AMC Entertainment, Bed Bath & Beyond, BlackBerry and others. Limbaugh feels the move was made to protect hedge fund billionaires. The elites are bent out of shape that a bunch of average, ordinary users have figured out how to make themselves billionaires," Limbaugh said on Thursday. "I've been studying it all morning and the best thing I can tell you is… whatever you think is going on in politics, Washington establishment, the Deep State, what have you, it's the same thing in finance." Limbaugh said there are "those who are allowed to make a lot of money" and those who can't. Rush Limbaugh called the on-going GameStop story "the most fascinating thing" to happen in a long time because it mirrors politics with elites trying to prevent ordinary people from benefiting. "If you figure out how to make a lot of money, and if you're like Donald Trump and you figure out how to get elected, you figure out how to beat the Deep State, they're gonna come and they're gonna wipe you out," he said. "They're gonna destroy you, and that's what's happening with GameStop." Limbaugh then explained that a bunch of people on Reddit figured out how to "game the system" and turn the stock market in to a "profit-making device for themselves" but it came with consequences. "In the process they are harming the intended winners in this financial circumstance and that would be the hedge funds out there.

  Industry: Banking & Finance > Trading (1.00)
  Technology: Information Technology > Communications > Social Media (0.38)

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