Bernie Sanders Mocks Greedy Billionaires: "Cry Me A River"

Billionaires were up in arms this week, whining about the fact that average people were able to game the stock market the same way that the billionaires have done for decades, and now they want regulations to prevent this. Senator Bernie Sanders hit back hard against these whiny, greedy babies and told them to get ready for even more. Farron Cousins explains what’s happening.

Link – https://www.commondreams.org/news/2021/01/29/cry-me-river-sanders-hits-back-billionaire-investor-whines-about-potential-tax-hikes

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*This transcript was auto-generated. Please excuse any typos.

Senator Bernie Sanders. Isn’t having any of the billionaire tears this week. You know, as we’ve seen, as we’ve talked about, obviously shenanigans on the stock market, but those shenanigans were really just average everyday people doing the same thing that the billionaire hedge fund managers have been doing for decades. They got beaten at their own game, and now they’re crying about it. They’re crying for regulation. They’re crying. Somebody, please come protect the poor billionaires. In fact, you had won a billionaire investor worth. I think about 3 billion Leon Cooperman who made the rounds on the media this week on media. This week’s here’s me. I’m nearly crying and screaming about the fact that he got beaten at his own game. Take a look at one of his clips from CNBC here.

The reason the market is doing what it’s doing is people are sitting at home getting the checks from the government. Okay? And this fair share is a concept. It’s just a way of attacking wealthy people. And you know, I think it’s inappropriate. We’re all gonna work together and pull together.

Obviously Bernie Sanders, uh, was not too happy about Mr. Cooperman’s appearance here and him yelling and screaming about the fact that again, these people did nothing illegal. They only did what hedge fund managers typically do to make a bunch of money. And so here’s what Bernie Sanders tweeted out on Thursday evening in response to these clips, he said, Oh, look, another billionaire is mad that he might have to pay more taxes while children in America go hungry and veterans sleep on the street, cry me a river. Yes, we will make wall street billionaires, pay their fair share of taxes and create an economy that works for all of us.

Bernie is right. Bernie is usually right on these matters by the way. And this is obscene. What we are seeing this week. What has unfolded with this whole game? Stop stock, a fiasco fiasco for billionaires, not for average people, um, is obscene. The Robin hood app is now being sued in a class action lawsuit for not only shutting these people down, not letting them trade, but then automatically selling off their shares so that they couldn’t play the game anymore. You don’t get to gamble at the wall street casino anymore because you made too much money. You did what these guys do, but we really only allow rich people to do that. So Robin hood is being sued. Billionaires have lost a ton of money that don’t worry. They’re probably gonna make it all back. And if they don’t, I’m sure Congress will come up with a nice big bailout for them.

But the fact of the matter is that wall street was exposed this week. And Bernie Sanders in his, uh, taunting, there is right Crimea river jerks. Y’all have been doing this for years, screwing over, not just regular people, but screwing over the companies too. When you short sell their stocks and do all these shenanigans, driving their price artificially low than driving it artificially high, that creates nothing, no material benefit for the companies who become the victims to these little schemes, which isn’t that supposed to be the whole point of the stock market, right? You go public with your stock so that you can get money, raise capital to do great things with your company. Yeah. That ain’t happening anymore. That’s not a thing let’s get that thought out of our heads. Instead. Let’s think about what Bernie Sanders went on to discuss. And his, uh, uh, manager came on to discuss is the fact that wall street gets to do all this.

And there’s no transaction taxes on them. If we instituted a transaction tax on wall street trades, which is what Bernie Sanders advocated for during his primary, um, that would raise 2.4 trillion over the next 10 years. So 240 billion a year, that’s enough to make public colleges in the United States, free for anyone and eliminate all student loan debt in this country. But instead we let billionaires use it to gamble at their wall street casino. So yeah, Bernie is right to be off Bernie’s right to mock these individuals. And we’re never going to be a part of their club. So I don’t understand why some people out there are sticking up for them.