⚯ Michel de Cryptadamus ⚯@ShiitakeToast if you don't know the details of the #BBBY cult yet all i can say is it's even darker than you think
people seem unaware that Bill Pulte, #Trump’s head of the Federal Housing Finance Agency (#FHFA) & the guy who accused #Fed Chair #LisaCook of #mortgage fraud, is/was a major player in the cult of Bed Bath and Beyond stock (ticker #BBBY, and yes, that’s a real thing).
pulte's maybe even worse than a crypto grifter. there’s a great doc "Cult of the Dead Stock" about the situation. i actually think it’s kind of a rosetta stone for understanding the world in 2025.
tl;dr after BBBY blew up a cult grew up around the idea that BBBY would somehow come back from the dead and make BBBY shareholders (whose shares no longer even existed - DTCC deleted them) rich. pulte, whose family business was in trouble, swooped in to the scene to convince the BBBY cultists to give him their money. he was at least somewhat successful.
* Cult of the Dead Stock: https://www.youtube.com/watch?v=C5Bd6YxifCo
* Rolling Stone: https://www.rollingstone.com/politics/politics-features/trump-bill-pulte-housing-bbby-meme-stock-1235295044/
#BillPulte #MAGA #Corruption #uspol #uspolitics #memestock #capitalism #memestocks
@ddayen.bsky.social i don't understand why no journalists have even talked about the fact that #BillPulte was a major player in the memecoin grifts of a few years ago (Bed Bath & Beyond, GameStop, etc).
James Jani's documentary about the cult of Bed Bath & Beyond stock was easily the single greatest thing I watched in 2024 and in some ways one of the most terrifying things I've ever seen. Human beings obviously have a deeply ingrained drive to develop irrational beliefs when placed together in groups - not quite #Thanatos but also not unrelated.
(Part one, about the cult of Gamestop, is also pretty great, but not nearly as disturbing.)
https://www.youtube.com/watch?v=C5Bd6YxifCo
#BBBY #BedBath #BedBathAndBeyond #JamesJani #RyanCohen #GME #Gamestop #StockMarket #markets #AMC #CultOfTheDeadStock #TheCultOfTheDeadStock
The Cult of the Dead Stock.
► Ad: 🔒Remove your personal information from the web at: http://JoinDeleteMe.com/jamesjani and use code JAMESJANI for 20% off 🙌”► Episode 1: https://youtu....
[old] Peter Ambos 🏳️🌈✊🏻🌹With the holidays coming closer (don't remind me, and sorry for reminding you) the season for a lot of great #lefttube video essays has begun. Without any FUD I can say Dan Olson/Folding Ideas made a great start by explaining the phenomenon and social dynamics of people gambling away money on memestocks (like #GME and #BBBY ) and praying to become the rich protagonist of their own Big Short.
https://youtube.com/watch?v=5pYeoZaoWrA
https://youtube.com/watch?v=5pYeoZaoWrA
This is Financial Advice
Clickbait Title: if the price is zero then you can buy all the sharesI tell you what, when you try and tell this story you either sum it up in ten minutes wi...
eigenman 
jergyA very interesting read:
GMERICA: Activists, Affiliates & The Return of Icahn - A Succession Plan To Launch TEDDY IPO
part 1 https://www.reddit.com/r/edwinbarnesc/comments/13vc4aj/gmerica_activists_affiliates_the_return_of_icahn/
part 2 https://www.reddit.com/r/edwinbarnesc/comments/13vcix1/gmerica_activists_affiliates_the_return_of_icahn/
#GMERICA #GME #BBBY #IEP #Teddy #RyanCohen #CarlIcahn #BrettIcahn #Icahn #buybuyBaby
End Game: DTC and NSCC are screwed as the DTC just proved shareholders should Directly Register Shares (DRS)
https://www.reddit.com/r/Superstonk/comments/13a3yh1/end_game_dtc_and_nscc_are_screwed_as_the_dtc_just/
https://www.reddit.com/r/BBBY/comments/13a44fa/end_game_dtc_and_nscc_are_screwed_as_the_dtc_just/
https://archive.is/4deS0
information from recent #BedBathAndBeyond bankruptcy court proceedings gives a glimpse to the reality that #nakedshorts have sold more shares of #bbby than are supposed to exist.
How is this possible? decades of unaccountable #crime and #fraud under the eye of the #DTCC / #DTC.
#DRS is the remedy.
Homeboy Sapiens AfricanusBed Bath and Beyond joining the long list of vulture capital all-stars in destroying a company by bleeding it dry and fucking its employees in the process.
Mainstream financial media, and those on social media that are in alignment, push the narrative that it is undeniably game over, a clear victory for the opponents of the company (#shortsellers #nakedshorts, and their allies).
#BBBY subreddit continues to hold the view that a #merger or #acquisition or a carve-out of #buybuyBaby is inevitable.
if such an acquisition or similar significant transaction does happen, it may render this bankruptcy filing moot.