Re:Statement of SEC Regarding Recent Market Volatility
by dalbasal on Sunday January 31, 2021 @06:33AM
(#25978052)
... He also blamed stimulus cheques. Especially nasty considering that the corporate stimulus, just prior, had a similar effect on market price inflation.
It was beyond "not reading the room." He literally believes that only the people like him are responsible enough to play the market, or even have money at all.
Leon got shamed not for his commentary on the speculation around the stock, but for the complete failure-to-read-the-room commentary on his taxes, commenting on marginal tax rates and "fair shares" as "bullshit":
> "This fair share is a bullshit concept. It’s just a way of attacking wealthy people, and I think it’s inappropriate," Cooperman said Thursday. “We’ve all got to work together and pull together.”