Wall Street is a grift

Between r/wallstreetbets, short selling, and a lot of GameStop stock, things have certainly been interesting on the stock market of late, but who are the real winners and…

Between r/wallstreetbets, short selling, and a lot of GameStop stock, things have certainly been interesting on the stock market of late, but who are the real winners and losers here? And what does the #GameStonks saga reveal about the nature of the stock market and the function it actually serves in our society?

For this segment of “The Marc Steiner Show,” Marc is joined by investigative journalist Arun Gupta, whose work has been featured in outlets like the Washington Post, The Intercept, The Nation, Raw Story, The Guardian, and Jacobin; and Bill Black, associate professor of economics at the University of Missouri-Kansas, white-collar criminologist and former financial regulator, and author of the book “The Best Way to Rob a Bank Is to Own One.”

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