Billionaire Hedge Fund Manager Melts Down At Reddit Traders “Getting Checks From The Government”

@bubbaprog/Twitter

January 29, 2021, 12:21 pm

Leon Cooperman is a billionaire investor who is absolutely losing his mind over the way Reddit has exposed the stock market as a giant phony game designed to keep people like him richer than everyone else.

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Cooperman went on CNBC to discuss how the GameStop stock sales are “speculating,” unlike the unregulated trading his hedge fund does.

And why does he think Redditors are doing it? Because of those darn $600 government checks that they got during a crushing pandemic and massive job loss:

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“The reason the market is doing what it’s doing is people are sitting at home getting checks from the government,” he ranted.

Later he spoke about calls for taxing the wealthy at higher levels so they’re paying their fair share. “This fair share, is a BULLS–T concept,” he said. “It’s just a way of attacking wealthy people and I think it inappropriate and we all gotta work together and pull together.” (Note: The clip above is misleadingly edited to give the impression Cooperman’s “fair share” comments were directly related to the GameStop stock surge.)

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Cooperman is worth $3.2 billion and he can curse on the news if he wants to.

People are very amused by the idea of “working together” with someone like Cooperman. It seems like what he really means is that he should keep getting rich of the legal practices a bunch of Reddit people have been using to get slightly less poor for a week. And they should stop.

Will the rich triumph? Probably. But no amount of money will stop us from mocking them on Twitter:

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Listening to irate New York hedge fund billionaire Leon Cooperman on CNBC right now lamenting people “sitting at home getting their checks from the government, trading their stocks.”

“This fair share is a bullshit concept,” he shouts. “It’s a way of attacking wealthy people.” pic.twitter.com/zFW6o1MFND

— Jake Offenhartz (@jangelooff) January 28, 2021

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BILLIONAIRE STOCK COPE: Hedge fund investor Leon Cooperman says he’s being attacked by poor/middle-class investors

“People are sitting at home getting their checks from the government. This ‘fair share’ is a bullshit concept and is just a way to attack wealthy people.” pic.twitter.com/zEWkrUZnBq

— Coping MAGA (@CopingMAGA) January 28, 2021

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Sipping on a chilled glass of Leon Cooperman’s tears

— Hunter Smith (@FatHunty) January 28, 2021

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There’s a lot of division in the world right now but I hope we can all put aside our differences and come together to make billionaire Leon Cooperman a thousandaire. https://t.co/XTIQxjzkVm

— fey disaster wizard (@last__lane) January 28, 2021

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Really enjoying Leon Cooperman having a meltdown on CNBC as he discovers what trading is.

— Houston Cleveland (@HueyCleve91) January 28, 2021

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on CNBC right now

“We may have discovered the largest dinosaur ever found”

and then they cutaway to an interview with Leon Cooperman

can’t make this up

— Steve Place (@stevenplace) January 28, 2021

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Leon Cooperman is the CEO of Omega Advisors. In 2016 the SEC charged him for…insider trading.
His firm settled for a $4.9M fine & admitted no wrongdoing. https://t.co/FcwmXurfCs

— Speedegg (@Speedegg1) January 28, 2021

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“Getting their checks from the government, trading their stocks” sounds a lot like….Leon Cooperman in the bailouts of 2008 and 2009.

By the way, for no reason, here’s Leon Cooperman asking the government to bail out companies because of Covid. https://t.co/S48SGOqNzd https://t.co/p5a2wvvR0j

— Heidi N. Moore (@moorehn) January 28, 2021

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LMAO, Leon Cooperman screaming on CNBC about how main street and wall street “have to work together”

Okay bud where were you in 2008

— Anime Day Counter (@StonkAnime) January 28, 2021

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Let’s be clear: there is nothing wrong with people trying to take advantage of those, such as hedge fund folks, who engage in shorting stocks. It’s called the free market. https://t.co/AWW8VtU45X

— Ted Lieu (@tedlieu) January 29, 2021

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Just saw the clip of hedge fund billionaire Leon Cooperman on CNBC losing his shit.

“This fair share is a bullshit concept!”
“It’s a way of attacking wealthy people!”

HAHAHAHAHAHA I think he busted a vein.

— Thia is with… (@ThiaBallerina) January 28, 2021

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Look, I’m not smart enough to really understand this GameStop/hedge fund/stock market whatever stuff. But I am intuitive enough to know that when a billionaire scumbag like Leon Cooperman is having a full on meltdown on live TV it’s a good thing.

— Larry Smith (@poundsmith2) January 28, 2021

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*First Published: January 29, 2021, 12:21 pm