Donald Trump Jr mocks Maxine Waters after stock market comments over GameStop controversy: 'Downright insane'

'This is someone who is literally supposed to make trillion-dollar financial decisions for us and it is clear she has no idea what she is even talking about,' Don Jr said in a video


                            Donald Trump Jr mocks Maxine Waters after stock market comments over GameStop controversy: 'Downright insane'
Donald Trump Jr ranted against Maxine Waters for 'downright insane' take on the stock market (Getty Images)

In the latest video Donald Trump Jr shared on Rumble, he mocked Rep Maxine Waters over her stock markets comments. Waters was speaking on MSNBC about the ongoing hearing on the GameStop/ Hedge Fund controversy when she allegedly showed a fundamental lack of understanding of how markets work inviting wrath from Trump supporters.  

When asked if she was concerned that technology moved faster than regulation, Waters said, "The speed at which certain entities have access to information quicker than anybody else, can make quick decisions that can be very profitable. Yeah, we're concerned and we think that technology plays a role in the way that some of our entities operate and they put it in advantage by the way that they have access to the kind of resources that enable them to make decisions, to buy and sell quicker, and to be on top of things before others can even know what's going on."

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She was then asked, "What about free resources? Should people be allowed to use anonymous chat rooms to pump up a stock, to tell a story and not hold any accountability. On the other side, banks are highly regulated but something like Reddit isn't. We don't even know who those people are."

To which Waters promised, "We don't and that's what we're going to find out. We're gonna find out... we hear a lot about how it works and what the different formed are that operate Wall Street bets. It's a form we're going to be focused on. This is where a lot of exchange of information goes on all the time. We're gonna ask the questions, we're going to dig into it, we're gonna find out exactly what was that and how it was done. 

House Financial Services Committee Chairwoman Maxine Water (D-CA) questions Wells Fargo and Company CEO Timothy Sloan as he testifies before the committee in the Rayburn House Office Building on Capitol Hill March 12, 2019 in Washington, DC. Sloan answered questions from committee members about his leadership of the 166-year-old bank following the disclosure that staff had created millions of fake bank accounts in order to hit their high-pressure goals. (Getty Images)

You can watch the video shared by Twitter user Tom Elliott. "@RepMaxineWaters vows to “find out” who participates in the WallStreetBets subreddit; "WallStreetBets is the forum that we are going to be focused. This is where, I understand, a lot of exchange of information goes on all the time".



 

The video sent many on social media in a laughing tizzy. Don Jr captioned his long rant against Water, "It's really something when you realize how incompetent most Democrats are. This latest comment from Congresswoman Maxine Waters is downright insane."

"I just saw something absolutely ridiculous. Today, Maxine Waters literally asked if people who lose money in the stock market shouldn't be compensated for their loses. I mean, it would be nice. It would be wonderful. It's just not how it works. Right?" he said in the video.

"If housing prices plummet, you don't get reimbursed if you lose money on your house. But this is someone who sits on the financial services committee. This is someone who is literally supposed to make trillion-dollar financial decisions for us and it is clear she has no idea what she is even talking about," he said, adding, "I mean I remember being turned off years ago. One of the first time I realised how incompetent people in Congress actually are was...I don't remember exactly, but she would get up there and talk in sound bites that didn't make any sense."

Donald Trump Jr., son of President Donald Trump, speaks on stage during the Conservative Political Action Conference 2020 (CPAC) hosted by the American Conservative Union on February 28, 2020 in National Harbor, MD. (Getty Images)

He then went on to criticize the time when she asked Lloyd Blankfein how many home loans Goldman Sachs made "so she could own them". "How do you ask some of the biggest bankers in the world to come in and testify so that you can make a decision, hold them responsible, but you don't even know what they do for a living. Think about having such a fundamental non-understanding of the stock market that you wonder why people who invest in there, if they lose money, if they make a bad decision, shouldn't just randomly be just reimbursed. I mean I would love a situation in which I get only upside."

On Twitter too, many are mocking Waters for her promises. "Yup. She’s the one I trust to get to the bottom of such a complex financial issue. Most members of that committee think day trading has to do with a bartender shift exchange," a user sarcastically tweeted. "I’m still amazed she is on the banking committee," another user added. "Anything having to do with Maxine Waters is laughable !" another said.



 

 



 

 



 

Many users pointed out how Waters plans on clamping down on the free flow of information. "Maxine Waters vows to get to the bottom of this scourge that is the free exchange of information," a user tweeted. "So basically she’s mad the little guys banded together to do what the elites such as herself do on a delay basis so now it’s not fair... seems legit," another said. 



 

 



 

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